Torrent Power Limited has reported its audited financial results for the quarter and year ended March 31, 2026. The company announced a final dividend of ₹5 per equity share, in addition to the ₹15 interim dividend already paid for the fiscal year. Furthermore, the Board approved a significant fundraising initiative of up to ₹10,000 crore through Non-Convertible Debentures to support future growth and strategic objectives.
Financial Performance Overview
For the fiscal year ended March 31, 2026, Torrent Power reported a standalone total income of ₹22,535.98 crore and a profit after tax of ₹2,575.11 crore. On a consolidated basis, the company achieved a total income of ₹29,288.92 crore with a consolidated profit after tax attributable to owners of ₹2,416.43 crore for the year. The company’s audit reports for both standalone and consolidated results carry an unmodified opinion.
Strategic Dividend Announcement
The Board of Directors has recommended a final dividend of ₹5 per equity share on 50,39,03,543 equity shares of ₹10 each. This is in addition to the ₹15 per equity share interim dividend paid earlier during Q4 FY 2025-26, bringing the total dividend for the fiscal year to ₹20 per share. The final dividend is subject to approval by members at the ensuing Annual General Meeting.
Growth and Capital Strategy
To bolster its capital structure, the Board has approved the raising of funds up to ₹10,000 crore through the issuance of Non-Convertible Debentures via private placement in one or more tranches. This capital infusion is intended to support the company’s long-term expansion plans.
Leadership and Board Governance
The Board has recommended the re-appointment of two Non-Executive Independent Directors, Radhika Haribhakti and Ketan Dalal, for a second and final term of 5 consecutive years, subject to shareholder approval. These appointments reflect the company’s commitment to strong corporate governance as it continues to navigate a complex energy market.
Expansion into Thermal Power
Reflecting its commitment to growing its power generation portfolio, the company entered into a Share Purchase Agreement on February 16, 2026, to acquire 100% equity and convertible instruments of Nabha Power Limited from L&T Power Development Limited for ₹3,660.87 crore. This acquisition adds a 2X700 MW coal-based Supercritical Thermal Power Plant in Punjab to its assets, which benefits from 25-year long-term Power Purchase Agreements.
Source: BSE
