Torrent Power Limited has informed the Exchange regarding a press release dated August 05, 2025, titled "Media Release on Unaudited Consolidated Financial Results for the quarter ended June 30, 2025".
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Awaiting price reaction for this filing.
Torrent Power reported its Q1 FY 2025-26 results for the quarter ended June 30, 2025. Revenue from operations fell to ₹7,906 Crs from ₹9,034 Crs in the same quarter last year. EBITDA declined to ₹1,588 Crs from ₹1,934 Crs, and Total Comprehensive Income dropped to ₹739 Crs from ₹993 Crs. The company attributed the weakness to lower power demand from an early monsoon and high gas prices that hurt merchant gains from gas-based generation. On the positive side, the renewable segment performed better due to new solar capacity and favourable wind conditions, and the distribution business showed improved profitability after adjusting for a one-time tariff order income from last year. The company has 4,881 MWp of installed capacity and is developing another ~3 GWp of renewables plus 3 GW of pumped storage projects.
The sharp YoY decline in revenue, EBITDA, and profits is likely to be viewed negatively by the market in the short term, though management framed it as cyclical and highlighted resilient underlying business and growth in renewables. Shareholders should note the execution of the renewable and pumped storage pipeline as a key medium-term value driver.