Torrent Power , one of India's leading integrated power utilities, has announced its financial results for the first quarter of fiscal year 2025-26, along with ambitious plans for renewable energy expansion.

Renewable Energy Push

The company reported a significant renewable energy capital expenditure of Rs 350.00 crores in Q1, with plans for a substantial acceleration in the second half of the year. Torrent Power has an impressive pipeline of 3 gigawatts (GW) of solar projects, underlining its commitment to clean energy.

Management expects total capital expenditure to reach Rs 7,000.00-8,000.00 crores for FY26, with projections slightly higher for FY27. This aggressive investment strategy highlights Torrent Power's focus on expanding its renewable energy portfolio.

Q1 FY26 Financial Performance

For the quarter ended June 30, 2025, Torrent Power reported:

• Revenue from operations: Rs 7,906.37 crores
• Profit before tax: Rs 985.34 crores
• Profit after tax: Rs 741.58 crores
• Total comprehensive income: Rs 738.94 crores

While the company's revenue and profit figures show a decrease compared to the same quarter last year, Torrent Power attributes this to specific factors:

1. Lower power demand due to an early onset of monsoon
2. Elevated gas prices impacting merchant gains from gas-based generation

Segment Performance

Torrent Power's business is divided into three main segments:

The renewable segment showed improved contributions, driven by solar capacity additions and favorable wind conditions, resulting in better Plant Load Factor (PLF).

Future Outlook

With a current operational capacity of 4,881 MWp and projects under development, Torrent Power is positioning itself as a key player in India's energy transition. The company's total generation and Pumped Storage capacity, including projects under development, stands at approximately 8 GWp and 3 GW respectively.

Jinal Mehta, Vice Chairman & Managing Director of Torrent Power, stated, "While the quarter saw some cyclical challenges, our diversified business operations and focus on renewable energy position us well for the future. We remain committed to our expansion plans and contributing to India's clean energy goals."

As Torrent Power continues to invest heavily in renewable energy, it is clear that the company is aligning its strategy with the global shift towards sustainable power generation, potentially setting the stage for long-term growth in this sector.

Torrent Power , one of India's leading integrated power utilities, reported a 26% year-on-year decline in its consolidated net profit for the first quarter. The company's performance was impacted by lower power demand due to an early monsoon onset and elevated gas prices, affecting merchant gains from gas-based generation.

Financial Highlights

• Consolidated net profit fell to ₹741.58 crore in Q1, down from ₹996.34 crore in the same period last year.
• Revenue from operations decreased by 12.5% to ₹7,906.37 crore, compared to ₹9,033.73 crore in Q1 of the previous year.
• EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) stood at ₹1,588.00 crore, down from ₹1,934.00 crore in the corresponding quarter of the previous year.

Segment Performance

Key Factors Affecting Performance

Jinal Mehta, Vice Chairman & Managing Director of Torrent Power, stated, "Whilst the Company's underlying business remains resilient, the performance in the current quarter was particularly impacted due to lower power demand following the early onset of monsoon and elevated gas prices, impacting merchant gains from gas-based generation."

Positive Developments

Despite the overall decline, the company reported some positive developments:

1. Renewable Segment Growth: Improved contributions from the renewable segment, driven by solar capacity additions and favorable wind conditions, resulting in better Plant Load Factor (PLF).

2. Distribution Business Improvement: Adjusted for one-time tariff order income in the previous year, the company saw improvement in operational parameters, contributing to higher profitability in the Distribution business.

Operational Highlights

• The company's gas-based power plants showed mixed performance, with SUGEN and UNOSUGEN plants experiencing lower PLF, while DGEN saw an increase.
• Renewable energy assets, particularly wind power, demonstrated improved PLF compared to the previous year.
• Distribution losses in licensed areas remained low, with Ahmedabad at 3.33% and Surat at 2.81%.

About Torrent Power

Torrent Power is an integrated power utility with a presence across the entire power value chain of generation, transmission, and distribution. The company has an aggregate installed generation capacity of 4,881 MWp and serves nearly 4.21 million customers across various regions in India.

As Torrent Power continues to adapt to market dynamics and invest in renewable energy, it aims to play a key role in India's energy transition while maintaining its position as a leading power distributor in the country.