Torrent Power Limited has released its investor presentation for the quarter and financial year ended March 31, 2026. The company reports a consolidated Total Comprehensive Income of ₹2,514 crore for the full year. The results highlight robust operational performance across its licensed and franchised distribution segments and a continued focus on renewable energy capacity expansion, with a long-term goal of increasing its portfolio to 10.6 GWp, backed by significant investments in solar and wind projects.
Annual Financial Performance Highlights
For the financial year 2025-26, Torrent Power reported revenues from operations of ₹28,966 crore. The company achieved an EBITDA of ₹5,864 crore, representing a 1% growth over the previous year. Despite a challenging environment, the company maintained a strong financial position, with a Net Debt to EBITDA ratio of 2.06x and a Net Debt to Equity ratio of 0.56x. The Board of Directors has recommended a final dividend of ₹5.00 per equity share, bringing the total dividend for the year to ₹20.00 per equity share.
Strategic Growth in Renewable Energy
Torrent Power is aggressively scaling its renewable footprint. The company plans to grow its total operational capacity from the current ~5.1 GWp to ~10.6 GWp. This strategy includes a robust pipeline of solar and wind projects under development, as well as a significant entry into Pumped Storage Hydro (PSP) projects. The company has a total planned capacity of 8.4 GW in the pipeline for pumped storage across Maharashtra and Uttar Pradesh, marking a critical shift toward hybrid and sustainable energy solutions.
Distribution Business Excellence
The company continues to lead in distribution efficiency. Its licensed distribution areas, including Ahmedabad, Gandhinagar, and Surat, reported distribution losses as low as 2.77% to 3.35% in FY26, which rank among the best in India. Furthermore, its franchisee model, particularly in Bhiwandi and Agra, has demonstrated remarkable success, with AT&C losses significantly reduced from their takeover levels to 9.1% and 5.4% respectively, reflecting the company’s strong operational track record and focus on customer service.
Future Outlook and Thermal Assets
While expanding its renewables and green hydrogen segments, Torrent Power continues to leverage its efficient thermal generation portfolio. The company is currently developing a 1,600 MW ultra-supercritical coal-based plant in Madhya Pradesh, with a project cost of ₹23,000 crore. This strategic expansion is designed to balance the energy mix while providing stable power to meet growing demand. The company remains committed to exploring brownfield opportunities and participating in competitive bidding for transmission projects to further strengthen its integrated power utility model.
Source: BSE
