Torrent Power Limited has informed the Exchange that Board of Directors at its meeting held on May 12, 2026, recommended Final Dividend of Rs. 5 per equity share.
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 audited standalone results for FY 2025-26 with revenue of Rs. 21,850 Crore and profit after tax of Rs. 2,575 Crore, down from Rs. 2,851 Crore in the previous year. EPS declined to Rs. 51.10 from Rs. 58.41 year-on-year. The Board recommended a final dividend of Rs. 5 per share, which combined with the Rs. 15 interim dividend already paid in Q4 makes a total dividend of Rs. 20 per share for FY 2025-26. The company also approved raising funds up to Rs. 10,000 Crore via Non-Convertible Debentures through private placement, and re-appointed two Independent Directors - Radhika Haribhakti and Ketan Dalal for five-year terms. Additionally, the company entered into a Share Purchase Agreement to acquire 100% equity of Nabha Power Limited from L&T for Rs. 3,661 Crore.
The 9.7% decline in annual profit may create some caution among investors, though the total dividend of Rs. 20 per share represents an increase from typical previous year levels and signals management confidence. The planned NCD issuance of up to Rs. 10,000 Crore and the Nabha Power acquisition indicate significant expansion plans that could drive future growth.