Torrent Power Limited has informed the Exchange regarding a press release dated May 14, 2025, titled "Media Release on financial results for the fourth quarter and year ended March 31, 2025".
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Torrent Power reported a strong FY25 with Total Comprehensive Income (net profit) of ₹3,059 crores, up 63% from ₹1,882 crores last year, driven by higher contributions from gas-based power plants, improved licensed and franchised distribution businesses, a ₹637 crore one-time deferred tax reversal, and gains from sale of non-current investments. FY25 revenue grew 7% to ₹29,165 crores, while EBITDA rose 18% to ₹5,795 crores. Q4 net profit surged 142% to ₹1,085 crores even as quarterly revenue dipped 1% to ₹6,456 crores. The company raised ₹3,500 crores via a QIP (4x oversubscribed), signed a 40-year Energy Storage Facility Agreement with MSEDCL for 2,000 MW pumped storage hydro, and maintained the country's lowest distribution loss at 2.34%. Total FY25 dividend declared at ₹19 per share, including ₹5 final dividend.
Strong earnings beat with 63% profit growth and 18% EBITDA expansion signal robust operational performance. The healthy balance sheet (Net Debt:Equity of 0.40), capacity expansion pipeline, and meaningful dividend of ₹19/share are positive for shareholders. However, investors should note that a significant portion of the profit boost came from a one-time non-cash tax reversal of ₹637 crores, which may not be recurring.