Regulatory disallowance of power purchase costs
₹171 cr provision booked in Q4; similar past disallowances were later reversed, but outcome uncertain.
medium · management_commentary
Torrent Power Limited — Q4 FY26
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.
neutral
medium
✓ Verified against BSE filing
Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
High LNG spot prices impacting merchant profitability
At current $16-20/MMBtu, merchant power sales are challenging; management noted difficulty in RTC market.
medium · analyst_questionGas supply availability post-summer cargoes
After June, no contracted cargoes; reliance on spot market for availability demonstration, which may be costly.
high · analyst_question