Torrent Power’s Board of Directors, in a meeting held on February 10, 2026, approved an interim dividend of ₹15 per Equity Share for FY 2025-26. The Board also authorized raising funds up to ₹7,000 Crore via the issuance of Non-Convertible Debentures (NCDs) through private placement. Additionally, the Board reviewed and approved the unaudited financial results for the quarter and nine months ended December 31, 2025.
Board Meeting Outcome on February 10, 2026
The Board of Directors of Torrent Power Limited convened on February 10, 2026, from 02:30 pm to 04:30 pm, to consider and approve key financial and strategic items.
Financial Results Approval
The Board approved the Statement of Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine months ended December 31, 2025, along with the Limited Review Reports from the Statutory Auditors.
Interim Dividend Declaration
An Interim Dividend for the Financial Year 2025-26 was declared at a rate of ₹15 per Equity Share on the total paid-up capital of 50,39,03,543 Equity Shares (Face Value ₹10 each). This dividend is scheduled for remittance on or before March 12, 2026. The Record Date for determining the eligible shareholders has been fixed as Monday, February 16, 2026.
Fund Raising Authorization
The Board sanctioned the plan to raise capital through the issuance of Non-Convertible Debentures (NCDs) amounting up to ₹7,000 Crore. This capital infusion will be executed in one or more tranches through a Private Placement.
Key Financial Highlights (Standalone – Q3 FY26 vs previous periods)
The standalone results show mixed performance compared to preceding periods. Total Income for the quarter ended December 31, 2025 stood at ₹5,253.29 Crore, compared to ₹6,293.99 Crore in the previous quarter (Sep 2025). Profit Before Tax for the nine months ended December 31, 2025 reached ₹2,726.02 Crore.
- Standalone EPS (Diluted) for Q3 FY26: ₹14.13 (compared to ₹14.81 for Q2 FY26).
- Standalone Net Profit Margin for Q3 FY26: 13.97%.
Key Financial Highlights (Consolidated – Q3 FY26 vs previous periods)
Consolidated figures indicate strong operational scale. Total Revenue from Operations for the quarter ended December 31, 2025 was ₹6,777.87 Crore.
- Consolidated Profit Before Tax (9M FY26): ₹2,769.41 Crore.
- Consolidated Net Profit Margin (Q3 FY26): 9.66%.
- Consolidated Debt Equity Ratio: 0.56 as of December 31, 2025.
Segment Performance Overview (Consolidated)
The Transmission and Distribution segment remains the largest contributor to revenue, reporting ₹5,746.70 Crore in revenue for the quarter ended December 31, 2025. The Generation segment recorded a profit before tax, depreciation, and finance costs of ₹463.35 Crore for the same quarter.
Auditor’s Review Report Notes
The review report for both standalone and consolidated results confirmed that the results were prepared in line with Indian Accounting Standards. A key note addresses the DGEN Mega Power Project, confirming that management reviewed the impairment assessment as of December 31, 2025, and concluded that no further impairment loss is necessary based on value-in-use assessment.
Furthermore, the management assessed the impact of the newly consolidated four labour codes (effective November 21, 2025) and concluded that the incremental impact on financial results is not material at this juncture.
Source: BSE
