Torrent Power Limited has informed the Exchange regarding a press release dated May 12, 2026, titled "Torrent Power announces Q4 FY26 results".
TORNTPOWER · price
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On the reaction day the stock moved 9.7 pts less than Nifty Midcap 150 and 9.3 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 reported flat full-year revenue of ₹28,966 Crs vs ₹29,165 Crs in FY25, with Q4 revenue also marginally declining to ₹6,406 Crs from ₹6,456 Crs. EBITDA for the full year rose modestly to ₹5,864 Crs vs ₹5,795 Crs, with margin expanding slightly from ~19.9% to ~20.2%. Total Comprehensive Income (TCI) fell significantly to ₹2,514 Crs from ₹3,059 Crs in FY25, and Q4 TCI dropped sharply to ₹408 Crs vs ₹1,085 Crs — partly impacted by a one-time non-cash deferred tax reversal of ₹637 Crs in FY25. The company maintains a strong balance sheet with a Net Debt:Equity ratio of 0.67 and Net Debt:EBITDA of 2.06. Management highlighted major capital commitments including ₹30,000+ Crores toward 3 GW of new thermal capacity and the acquisition of 1,400 MW Nabha Power.
The revenue decline is modest, but the sharp fall in TCI — affected by the prior-year tax benefit base — may concern investors; however, the company's robust financial ratios, 200% dividend payout, and large capital expansion plans signal confidence in long-term growth.