Torrent Power Q3 FY26 results: PAT nearly doubles, Rs 15 interim dividend declared
TORNTPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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 reported standalone Q3 FY26 revenue of Rs 5,096.7 crore, up 7.4% year on year. Standalone profit after tax nearly doubled to Rs 712.2 crore from Rs 368.7 crore. Operating margin expanded to 23.3% from 19.5%. On consolidated basis, Q3 revenue rose to Rs 6,777.9 crore and PAT grew 33.8% to Rs 654.7 crore. Board declared Rs 15 per share interim dividend with record date Feb 16 and approved raising up to Rs 7,000 crore via non-convertible debentures through private placement.
Strong profit growth and margin expansion are positive. Interim dividend rewards shareholders. NCD fundraising of Rs 7,000 crore signals growth plans.