Torrent Power Limited has reported solid financial results for the quarter and year ended March 31, 2026. The Board of Directors has recommended a final dividend of ₹5 per equity share, following an earlier interim dividend of ₹15. The company also announced plans to raise up to ₹10,000 crore through non-convertible debentures and finalized the re-appointment of two independent directors for a second five-year term.
Financial Highlights
For the financial year ended March 31, 2026, Torrent Power reported a standalone profit after tax of ₹2,575.11 crore, compared to ₹2,851.01 crore in the previous year. Revenue from operations remained resilient, standing at ₹21,850.03 crore. On a consolidated basis, the company achieved a profit after tax of ₹2,469.36 crore for the same period, with consolidated revenue reaching ₹28,966.31 crore.
Dividend and Capital Strategy
The Board of Directors has recommended a final dividend of ₹5 per equity share (face value of ₹10 each). When combined with the interim dividend of ₹15 already paid during Q4 FY 2025-26, the total dividend payout for the year stands at ₹20 per share. Additionally, the Board has approved a strategy to raise funds through the issuance of Non-Convertible Debentures (NCDs) of up to ₹10,000 crore via private placement, providing the company with capital to support its future growth initiatives.
Board and Corporate Governance
As part of its ongoing governance framework, the Board has approved the re-appointment of Radhika Haribhakti and Ketan Dalal as Non-Executive Independent Directors. Both directors have been appointed for a second and final term of five consecutive years, ensuring continued strategic guidance for the company’s long-term objectives.
Strategic Acquisition
In a significant expansion move, the company entered into a Share Purchase Agreement (SPA) on February 16, 2026, to acquire 100% equity shares and convertible instruments of Nabha Power Limited (NPL). The acquisition, valued at ₹3,660.87 crore, adds a major 2×700 MW coal-based supercritical thermal power plant in Punjab to the company’s portfolio, further diversifying its energy generation assets.
Source: BSE
