Torrent Power declares Rs 15 interim dividend, plans Rs 7000 Cr NCD issue
TORNTPOWER · price
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On the reaction day the stock moved 4.2 pts less than Nifty Midcap 150 and 4.8 pts less than its Power peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Torrent Power board declared an interim dividend of Rs 15 per share for FY 2025-26 on 50.39 crore equity shares. Record date is February 16, 2026, with payment by March 12, 2026. Board also approved raising up to Rs 7,000 crore via Non-Convertible Debentures through private placement in one or more tranches. Q3 FY26 standalone PAT nearly doubled to Rs 712.16 crore versus Rs 368.70 crore a year ago, on revenue of Rs 5,096.71 crore. Nine month PAT stood at Rs 2,143.21 crore.
Positive near-term cash inflow for shareholders. NCD raise of Rs 7000 Cr may increase leverage but funds growth.