Torrent Power FY26 Revenue at ₹28,966 Cr; Declares ₹5 Dividend
Torrent Power reported FY26 revenue of ₹28,966 crore and Q4 FY26 revenue of ₹6,406 crore. The company announced a final dividend of ₹5 per share, making the total FY26 dividend ₹20 per share. It is undertaking significant capex, including a new 1,600 MW project and acquisition of Nabha Power.
The results show a slight decrease in revenue and TCI compared to the previous year, which might temper the immediate positive impact. However, the strategic capex plans and continued strong performance in the distribution segment indicate a positive medium-term outlook.
The company reported strong operational performance in its distribution business, maintaining the lowest distribution losses in the country. The declaration of a substantial dividend and significant capex plans for future growth also contribute to a positive sentiment.
Torrent Power Limited announced its audited consolidated financial results for the quarter and year ended March 31, 2026. The company reported Revenue from Operations of ₹6,406 crore for Q4 FY26, a slight decrease from ₹6,456 crore in Q4 FY25. For the full fiscal year FY26, Revenue from Operations stood at ₹28,966 crore, compared to ₹29,165 crore in FY25.
EBITDA for Q4 FY26 was ₹1,220 crore, down from ₹1,245 crore in Q4 FY25. However, for FY26, EBITDA saw an increase to ₹5,864 crore from ₹5,795 crore in FY25. Total Comprehensive Income (TCI) for Q4 FY26 was ₹408 crore, significantly lower than ₹1,085 crore in Q4 FY25. For the full year, TCI was ₹2,514 crore, down from ₹3,059 crore in FY25. The company noted that adjusting for a one-time, non-cash reversal of deferred tax liabilities of ₹637 crore in FY25, TCI for FY26 improved by ₹92 crore.
The Board of Directors recommended a final dividend of ₹5.00 per equity share, bringing the total dividend for FY26 to ₹20.00 per equity share, which includes an interim dividend of ₹15.00 per equity share. The company maintains a strong balance sheet with a Net Debt: Equity ratio of 0.67 and a Net Debt: EBITDA ratio of 2.06 as of March 31, 2026.
Torrent Power is expanding its generation capacity, with plans for new projects and acquisitions. This includes initiating construction of a 1,600 MW power project in MP and acquiring the 1,400 MW Nabha Power project. The company also highlighted its distribution business achievements, with distribution losses of 2.33% in its licensee businesses, the lowest in the country among 65 DISCOMs.
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Torrent Power Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Torrent Power Limited. Read the original for the full detail.