Press Release
TORNTPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Torrent Power reported Q4 FY26 revenue of ₹ 6,406 Crs (flat vs Q4 FY25) and full-year revenue of ₹ 28,966 Crs, marginally lower than ₹ 29,165 Crs in FY25. EBITDA for FY26 stood at ₹ 5,864 Crs, up from ₹ 5,795 Crs in FY25. Total Comprehensive Income declined to ₹ 2,514 Crs from ₹ 3,059 Crs, though adjusting for a one-time ₹ 637 Cr deferred tax reversal in FY25, TCI actually improved by ₹ 92 Crs. The company maintained a strong balance sheet with Net Debt: Equity of 0.67 and Net Debt: EBITDA of 2.06. The Board declared total dividend of ₹ 20 per share (200%). Major growth plans include ₹ 30,000 Cr investment in 3 GW thermal capacity and acquisition of 1,400 MW Nabha Power.
Revenue declined marginally due to lower gas generation contribution, but EBITDA margin expanded slightly showing operational efficiency. Despite lower TCI, the underlying business performance improved when excluding the prior-year tax benefit. The company remains financially strong with robust delisting plans, making the stock attractive for income-focused investors given the 200% dividend.