Torrent Power Limited (the “Company”) on Tuesday announced financial results for the quarter ended June 30, 2025.
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.
Adjusted for these, TCI remained comparable to the same quarter last year. Major reasons contributing to the performance were:
Improved contributions from renewable segment, driven by solar capacity additions and favourable wind conditions, resulting in better PLF.
Adjusted for one-time tariff order income in the previous year, improvement in operational
parameters contributed to a higher profitability in the Distribution business.
Company remains well-positioned to navigate cyclical variations, supported by its diversified business operations.
Revenue from Operations
₹ 7,906 Crs in Q1 FY 2025-26 compared to ₹ 9,034 Crs in Q1 FY 2024-25.
EBITDA
₹ 1,588 Crs in Q1 FY 2025-26 compared to ₹ 1,934 Crs in Q1 FY 2024-25.
Total Comprehensive Income (TCI)
₹ 739 Crs in Q1 FY 2025-26 compared to ₹ 993 Crs in Q1 FY 2024-25.
Torrent Power, the ₹ 29,165 Crs integrated power utility of about ₹ 45,000 Crs Torrent Group, is one
of the largest companies in the country’s power sector with presence across the entire power value chain – generation, transmission and distribution.
The Company has an aggregate installed generation capacity of 4,881 MWp comprising of 2,730 MW of gas-based capacity, 1,789 MWp of renewable capacity and 362 MW of coal-based capacity.
Further, Renewable projects of ~3 GWp and Pumped Storage Capacity of 3 GW are under
development. Total generation and Pumped Storage capacity, including projects under
development is ~8 GWp and 3 GW respectively, positioning as a key player in India’s energy
transition.
The Company distributes nearly 31 billion units to around 4.21 million customers in the cities of
Ahmedabad, Gandhinagar, Surat, Dahej SEZ and Dholera SIR in Gujarat, Union Territory of Dadra
and Nagar Haveli and Daman and Diu (DNH & DD), Bhiwandi, Shil, Mumbra and Kalwa in
Maharashtra and Agra in Uttar Pradesh.
Torrent Power is widely considered to be the leading power distributor in India and in its licensed areas in Gujarat has the distinction of having the lowest distribution losses and best reliability indices in the country, reinforcing customer trust and satisfaction.
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