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Torrent Power (TORNTPOWER) investor relations material
Torrent Power Q1 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q1 FY27 revenue grew to ₹8,124 crore, up 3% YoY, with EBITDA at ₹1,618 crore, a 2% increase; profit after tax declined 11% YoY to ₹662 crore, and total comprehensive income fell 14% to ₹639 crore.
Adjusted PBT was ₹925 crore, down from ₹1,044 crore YoY, with tax expense rising to 28% from 25% due to prior tax assessments.
Distribution and transmission profit rose 71% YoY, aided by regulatory orders, higher ROE/RoCE, and improved franchisee volumes; distribution loss for licensed areas remained among the lowest at 2.33% for FY26.
Renewable segment contributed ₹19 crore, supported by new capacity and improved PLF, but growth was muted by the absence of last year’s LPS income.
Acquisition of Nabha Power Limited completed on June 25, 2026, for ₹3,632.35 crore, making it a wholly owned subsidiary.
Financial highlights
Consolidated revenue for Q1 FY27 was ₹8,124.15 crore, up from ₹6,406.07 crore YoY; standalone revenue was ₹6,048.71 crore, up from ₹4,480.02 crore.
Consolidated net profit for Q1 FY27 was ₹661.85 crore, up from ₹331.49 crore YoY; standalone net profit was ₹587.15 crore, up from ₹431.90 crore.
CapEx in Q1: ₹2,300 crore (Renewable: ₹1,550 crore, Thermal: ₹125 crore, Transmission: ₹120 crore, Distribution: ₹500 crore).
Gross debt post Nabha Power acquisition: ₹6,500 crore; Nabha Power contributed ₹15 crore profit for five days post-acquisition.
Earnings per share (consolidated) for Q1 FY27 stood at ₹12.68, up from ₹6.31 YoY.
Outlook and guidance
1.2 GW renewable capacity expected to commission in FY27, with 400 MW in Q2 and 800 MW in H2; FY27 CapEx guidance for RE projects is ₹10,000 crore.
3 GW pumped storage hydro project under development, with 2 GW tied up for 40 years and annual revenue of ₹1,680 crore expected.
Anuppur Thermal Power Project (1.6 GW) and Pumped Storage Hydro Project (3 GW) progressing, with commissioning expected in 6-7 years and 3-4 years, respectively.
Transmission project at Solapur to be commissioned this year.
Total planned pumped storage capacity of 8.4 GW, with sites under planning and feasibility assessment.
- Q4 FY26 adjusted PBT up 16% YoY; strong FY26 results, major acquisition, robust capital plans.TORNTPOWER
Q4 25/26 - Acquisition of a 1.4 GW Punjab coal plant boosts capacity, cash flows, and regional presence.TORNTPOWER
M&A announcement - Q3 FY26 saw strong profit growth, interim dividend, and major renewable expansion.TORNTPOWER
Q3 25/26 - Q2 profit and revenue surged, renewables pipeline grew, and financial metrics improved.TORNTPOWER
Q2 25/26 - Q1 FY25 profit after tax rose 87% and revenue 23%, with strong merchant sales and renewables focus.TORNTPOWER
Q1 24/25 - Q2 FY25 revenue grew 3% but profit fell 9%, with strong renewable expansion and asset sales.TORNTPOWER
Q2 24/25 - Q3 FY25 delivered strong profit growth, major QIP, and a ₹14 interim dividend.TORNTPOWER
Q3 24/25 - FY 2024-25 net profit rose 61% to ₹3,059 Cr; strong EBITDA, CapEx, and ₹19/share dividend.TORNTPOWER
Q4 24/25 - Q1 FY26 revenue and profit fell, but renewables, financial ratios, and CapEx outlook improved.TORNTPOWER
Q1 25/26
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