Torrent Power Limited announced the outcome of its Board Meeting held on February 10, 2026, providing the unaudited financial results for the quarter and nine months ended December 31, 2025. The Board also approved an Interim Dividend of ₹15 per Equity Share for FY 2025-26, payable by March 12, 2026. Furthermore, the company received approval to raise up to ₹7,000 Crore via Non-Convertible Debentures.
Outcome of February 10, 2026, Board Meeting
Torrent Power Limited has reported the results from its Board Meeting convened on February 10, 2026, where the Unaudited Financial Results (Standalone and Consolidated) for the period ending December 31, 2025, were considered and approved. This filing included the associated Limited Review Reports from the Statutory Auditor.
Financial Performance Highlights (Standalone Basis)
For the quarter ended December 31, 2025, standalone total income was reported at ₹5,253.29 Crore, compared to ₹4,908.36 Crore in the corresponding quarter last year. Profit before tax stood at ₹860.25 Crore. For the nine months ended the same date, total income reached ₹17,886.92 Crore, with Profit Before Tax at ₹2,726.02 Crore.
Interim Dividend Declaration
A key resolution passed by the Board was the approval of an Interim Dividend of ₹15 per Equity Share for the Financial Year 2025-26, based on 50,39,03,543 Equity Shares of ₹10 each. The Record Date for this dividend entitlement has been set as Monday, February 16, 2026, with the dividend expected to be remitted on or before March 12, 2026.
Fund Raising Approval
The Board also sanctioned the plan to raise necessary funds through the issuance of Non-Convertible Debentures, targeting an aggregate amount up to ₹7,000 Crore. This capital will be raised through private placement in one or more tranches as required.
Consolidated Results Snapshot
The consolidated Statement of Results shows a total income of ₹6,847.02 Crore for the quarter ended December 31, 2025. The consolidated Profit for the period attributable to owners of the company was ₹643.08 Crore for the quarter, and ₹2,098.23 Crore for the nine-month period.
Segment Performance Overview (Consolidated)
The primary revenue driver remains the Transmission and Distribution segment, contributing ₹18,648.54 Crore to total segment revenue for the nine months ended December 31, 2025. The Generation segment recorded segment results (PBT before depreciation) of ₹1,358.66 Crore for the same nine-month period. The Renewables segment is showing growth, with total segment revenue reaching ₹969.08 Crore for the nine months.
Auditor’s Review Conclusion
Price Waterhouse Chartered Accountants LLP concluded their review of the standalone results, stating that nothing caused them to believe the Statement was not prepared in accordance with accounting standards and required disclosures. This conclusion was reached based on procedures consistent with Standard on Review Engagements (SRE) 2410.
Standalone Disclosures Summary (Annexure I)
Key standalone ratios disclosed include a Debt Equity Ratio of 0.47 and a Debt Service Coverage Ratio of 4.61 for the quarter ended 31.12.2025. The standalone Net Worth stood at ₹19,316.98 Crore, and Basic Earnings Per Share was ₹14.13 for the quarter.
Consolidated Disclosures Summary (Annexure I)
The consolidated figures reflected a Net Worth of ₹20,056.62 Crore. The Consolidated Debt Equity Ratio for the quarter was 0.56, while the Net Profit Margin stood at 9.66%.
Source: BSE
