What was Torrent Power's revenue in Q4 FY26?

Torrent Power reported revenue of ₹6,406 Cr in Q4 FY26, a — change year-over-year.

Did Torrent Power management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

Torrent Power Q4 FY26 Research Workspace: Revenue ₹6,406 Cr (—)

Q: What guidance did Torrent Power management give?

Capex of ~₹80,000 cr over next 5 years: Includes ₹28,000 cr for renewables, ₹23,000 cr for 1.6 GW thermal, ₹14,000 cr for 3 GW pumped storage, and ~₹2,000 cr annual distribution capex.

Revenue ₹6,406 Cr

EBITDA ₹220 Cr

PAT ₹331 Cr

EBITDA Margin —

Duration 57 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

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. Adjusted PBD rose 16% YoY to ₹718 cr, supported by a ₹186 cr carrying cost order and ₹58 cr 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 cr capex over 5 years across thermal, renewables, and distribution, with 1.2-1.4 GW 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.

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Risk Intelligence

Regulatory disallowance of power purchase costs

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Quarter Snapshot

Installed capacity 5.1 GW

+367 MW QoQ

Includes 2.7 GW gas, 2 GW renewables, 62 MW gas (likely typo for 0.062 GW).

Renewable capacity under construction 4 GW

N/A

Part of ₹28,000 cr investment plan; 1.2-1.4 GW expected commissioning in FY27.

Merchant + LNG gain (FY26 full year) ₹675 cr

N/A

Includes 1,400 MUs sold; Q4 contribution not material.

Regulatory gap reduction ₹800 cr

-800 cr YoY

Driven by operational efficiency and lower power purchase cost.

Fast read

Guidance and risk preview

Top guidance Capex of ~₹80,000 cr over next 5 years

Includes ₹28,000 cr for renewables, ₹23,000 cr for 1.6 GW thermal, ₹14,000 cr for 3 GW pumped storage, and ~₹2,000 cr annual distribution capex.

Top risk Regulatory disallowance of power purchase costs

₹171 cr provision booked in Q4; similar past disallowances were later reversed, but outcome uncertain.