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Adani Power vs Torrent Power Q4 FY26

Side-by-side earnings comparison across verified financials, sentiment, risks, and management commentary.

Adani Power

Adani Power reported a strong Q4 FY26 with EBITDA of ₹6,498 crore, up 27% YoY, driven by higher PPA tariffs, cost discipline, and improved operating efficiency.

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Torrent Power

Torrent Power reported Q4 FY26 PBD of ₹547 cr, down 12% YoY, impacted by a ₹171 cr non-recurring provision for power purchase cost disallowance.

Result Snapshot

Revenue₹14,223 Cr₹6,406 Cr
PAT₹4,271 Cr₹331 Cr
EBITDA Margin33%
Sentimentbullishneutral

Key Quotes

We have ended financial year 26 with a solid 12,971 crore profit after tax.
S.P. Kalia · CEO
We are hopeful that the current matter will be also approved in our favor.
Sor Mashraala · Executive Director and CFO