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Tata Power vs Torrent Power Q4 FY26

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

Tata Power

Tata Power delivered a strong Q4 FY26 with PAT of ₹1,416 crore (+8% YoY) and full-year PAT crossing ₹5,000 crore for the first time, driven by robust performance across generation, transmission, distribution, and sola...

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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₹14,900 Cr₹6,406 Cr
PAT₹1,416 Cr₹331 Cr
EBITDA Margin17%
Sentimentbullishneutral

Key Quotes

We have now concluded the SPA with Gujarat and we are in the process of finalizing it with all the other four states which we expect in next four to six weeks we will complete.
Dr. Pavir Finha · CEO and Managing Director
We are hopeful that the current matter will be also approved in our favor.
Sor Mashraala · Executive Director and CFO