Torrent Power Q1 FY27: Revenue ₹8,124 Cr, EBITDA ₹1,619 Cr; Acquires Nabha Power for ₹3,632 Cr
Torrent Power reported Q1 FY27 revenue of ₹8,124 Crore and EBITDA of ₹1,619 Crore. The company acquired Nabha Power Limited for ₹3,632.35 Crore on June 25, 2026. Distribution and renewable energy businesses showed strong EBITDA growth of 10% and 6% respectively.
The acquisition of a substantial thermal power plant is a significant strategic move that will impact the company's scale and future operations. However, the immediate financial results show mixed performance with a decline in net income.
While revenue and EBITDA saw marginal growth, Total Comprehensive Income declined due to higher financing costs. The acquisition of Nabha Power is a significant positive step, but its immediate impact on profitability is offset by financing expenses.
Torrent Power Limited announced its unaudited consolidated financial results for the quarter ended June 30, 2026. The company reported revenue from operations of ₹8,124 Crore for Q1 FY27, an increase from ₹7,906 Crore in Q1 FY26. EBITDA grew by 2% to ₹1,619 Crore from ₹1,588 Crore in the same period last year.
Total Comprehensive Income (TCI) for the quarter was ₹639 Crore, down from ₹739 Crore in Q1 FY26. This was impacted by financing costs related to strategic investments in its under-construction portfolio. The company highlighted improved operational performance in its distribution businesses, which saw a 10% EBITDA growth, and a 6% EBITDA growth in its renewable energy business.
A significant development during the quarter was the acquisition of Nabha Power Limited (NPL) on June 25, 2026, for a consideration of ₹3,632.35 Crore. NPL operates a 2x700 MW coal-based supercritical thermal power plant in Punjab. Torrent Power's total installed generation capacity stands at 6.6 GW, with approximately 4.2 GW of renewable projects and 1.6 GW of coal-based capacity under development, positioning it as a key player in India's energy transition.
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