The Board of Directors of Torrent Power Limited, in its meeting on February 10, 2026, approved an Interim Dividend of ₹15 per Equity Share for FY 2025-26. Furthermore, the Board sanctioned the plan to raise up to ₹7,000 Crore through the issuance of Non-Convertible Debentures (NCDs) via Private Placement. The company also disclosed its unaudited financial results for the quarter and nine months ended December 31, 2025.
Torrent Power Board Meeting Outcomes (February 10, 2026)
Torrent Power Limited has announced the key resolutions passed by its Board of Directors following their meeting held on February 10, 2026. The meeting commenced at 02:30 pm and concluded at 04:30 pm.
Interim Dividend Declaration
The Board approved the declaration of an Interim Dividend for FY 2025-26 amounting to ₹15 per Equity Share on the total of 50,39,03,543 Equity Shares (Face Value of ₹10 each). This dividend is scheduled for remittance on or before March 12, 2026. The entitlement date, or Record Date, has been set as Monday, February 16, 2026.
Major Fundraising Approval
A significant resolution passed was the approval to raise capital through the issuance of Non-Convertible Debentures (NCDs). The total quantum authorized for raising is up to ₹7,000 Crore, which may be raised in one or more tranches via Private Placement.
Financial Results Disclosure
The Board also considered and 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.
Standalone Financial Highlights (Q3 FY26 vs. Previous Periods)
Reviewing the Standalone Statement (Page 3), key figures for the quarter ended December 31, 2025, include:
- Total Income: ₹5,253.29 Crore (compared to ₹4,908.36 Crore in Q3 FY25).
- Profit Before Tax: ₹860.25 Crore (compared to ₹584.89 Crore in Q3 FY25).
- Profit for the Period: ₹712.16 Crore (compared to ₹368.70 Crore in Q3 FY25).
- Basic EPS (₹): 14.13 (compared to 7.56 in Q3 FY25).
Consolidated Financial Highlights (Q3 FY26 vs. Previous Periods)
The Consolidated Statement (Page 10) shows the following for the quarter ended December 31, 2025:
- Total Income: ₹6,847.02 Crore (compared to ₹6,671.25 Crore in Q3 FY25).
- Profit Before Tax: ₹804.97 Crore (compared to ₹629.90 Crore in Q3 FY25).
- Profit for the Period: ₹654.74 Crore (compared to ₹489.33 Crore in Q3 FY25).
- Basic EPS (₹): 12.76 (compared to 9.76 in Q3 FY25).
Key Notes on Financials
Management noted that the impairment assessment for the 1,200 MW DGEN Mega Power Project at Dahej, Gujarat, conducted as of March 31, 2025, concluded that no further impairment loss is required as of December 31, 2025.
Additionally, the impact assessment related to the consolidation of 29 existing labour legislations into four central labour codes, effective November 21, 2025, was assessed as not material for the current reporting period.
Source: BSE
