Torrent Power

Torrent Power reported Q4 FY26 PBD of ₹547 cr, down 12% YoY, impacted by a ₹171 crCurrent reported value: ₹171 cr. No comparable prior figure is available in the source record. non-recurring provision for power purchase cost disallowance. Adjusted PBD rose 16% YoYCurrent reported value: 16% YoY. No comparable prior figure is available in the source record. to ₹718 cr, supported by a ₹186 crCurrent reported value: ₹186 cr. No comparable prior figure is available in the source record. carrying cost order and ₹58 crCurrent reported value: ₹58 cr. No comparable prior figure is available in the source record. solar rooftop incentive. Generation segment EBITDA fell due to higher maintenance costs and reversal of prior-year provisions. Renewable segment EBITDA declined as generation-based incentives expired. Management guided for ₹80,000 crCurrent reported value: ₹80,000 cr. No comparable prior figure is available in the source record. capex over 5 years across thermal, renewables, and distribution, with 1.2-1.4 GWCurrent 4 GW. Reported change: N/A. renewable commissioning in FY27. Gas supply is secured via contracted cargoes, though spot prices remain elevated. Key risk: regulatory disallowances may recur, impacting generation profitability.