Inve India ▾

Torrent Power share price & results

Torrent Power Limited· Power· Utilities

Results to
Jun 2026
Latest analysed call
Q4 FY26
Ownership as of
Sept 2026

Integrated private power utility: generation, transmission and distribution to 4.2M+ customers in India.

Company research is public. Sign in to keep your own companies, notes and cases.

Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue8,124 ₹ crore+2.8% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin19.0 %0.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit662 ₹ crore−10.8% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity12.67 %−6.0 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin-7.45 %−9.5 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)4.09 %−8.0 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

2 of 5 judged targets kept · 7 open · verdicts reflect calls analysed to Q4 FY26.

Torrent Power Limited management guidance track record on Inve: 12 targets tracked across analysed earnings calls (2 achieved, 3 missed, 7 open).

TargetOriginal wordingSaidLatest callVerdict
Distribution CAPEXRs. 2000 crores (Rs. 1750 for license, Rs. 250 for franchisee)
Call transcript, Q4 FY25 · 14 May 2025		Q4 FY25Q4 FY26:Full year FY26 capex was INR 1600 crores, missing the INR 2000 crore target.
Call transcript, Q4 FY26 · 13 May 2026		Missed
Pumped Storage Project Timeline4-5 years project from PPA signing
Call transcript, Q4 FY25 · 14 May 2025		Q4 FY25Q4 FY26:Project mentioned as under implementation as part of the pipeline, but no specific update on the timeline or mitigation of previously acknowledged delay risks.
Call transcript, Q4 FY26 · 13 May 2026		At Risk
Renewable Capacity Addition500 to 700 MW capacity coming in
Call transcript, Q1 FY26 · 5 Aug 2025		Q1 FY26Q3 FY26:285 MW solar commissioned in Q3, bringing total additions to >650 MW, hitting original guidance
Call transcript, Q3 FY26 · 10 Feb 2026		Achieved

Source: Inve Guidance Tracker for Torrent Power Limited · to Q4 FY26

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

3 of Torrent Power Limited's 12 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 9 more targets are in the full ledger.

Free account: 5 full ledgers a month and one Inve Case. Pro opens 100 a month, ₹499.
See the full record

Price

₹1,157.6 −0.98% · −₹11.4

Last close 26 Oct 2026 · NSE · INR · Source: Inve

Performance −12.7% 1Y

₹1.2k₹1.4k₹1.6k₹1.8kOct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 11 Nov 2025Q3 FY26 — 10 Feb 2026Q4 FY26 — 13 May 2026

1Y: ₹1,325.8 on 24 Oct 2025 → ₹1,157.6. High ₹1,772.5 (27 Apr 2026), low ₹1,157.6 (26 Oct 2026).

Previous close
₹1,169
Market cap
₹59.4k Cr
52-week range
₹1,157.6 – ₹1,772.5
One year
−12.42%
Price to earnings (TTM to Jun 2026)
25.58×
Return on equity (TTM to Jun 2026)
12.67%

Overview

Symbol
NSE:TORNTPOWER
Sector
Power
Industry
Utilities
Exchange
NSE
Currency
INR

What Torrent Power Limited does

Based on the company's own presentations, annual report and earnings calls.

Torrent Power is an integrated private-sector power utility that generates, transmits and distributes electricity in India. It operates gas-based and coal-based thermal power plants along with wind and solar renewable assets, and supplies electricity directly to end consumers through licensed distribution areas (Ahmedabad/Gandhinagar, Surat, Dahej, Dholera SIR and Dadra & Nagar Haveli-Daman & Diu) as well as franchisee distribution arrangements (Bhiwandi, Agra, and Shil-Mumbra-Kalwa). It also owns intra-state power transmission lines through a majority-held subsidiary and is expanding into pumped storage hydro and green hydrogen production. Torrent Power is part of the Torrent Group conglomerate, whose sister businesses include generics pharmaceuticals (Torrent Pharmaceuticals) and city gas distribution (Torrent Gas).

Segments

  • Generation
  • Renewables
  • Transmission & Distribution
Total installed power generation capacity
5,094 MWp (Gas 2,730 MW, Wind 921 MW, Solar 1,081 MWp, Coal 362 MW)
Distribution customer base
4.2 million+ customers across licensed and franchisee areas in 3 states and 1 Union Territory
Licensed distribution circles
5 licensed areas: Ahmedabad/Gandhinagar, Surat, Dahej, Dholera SIR, Dadra & Nagar Haveli-Daman & Diu
Franchisee distribution circles
3 franchisee areas: Bhiwandi, Agra, Shil-Mumbra-Kalwa (SMK)
Operating thermal power plants
4 plants (Sugen, Unosugen, Dgen, Amgen) in Gujarat
Transmission network (operational)
952 ckm of 400kV + 388 ckm of 220kV double-circuit lines, via 90.25%-owned Torrent Power Grid Ltd
Founded 2004Headquarters Ahmedabad, Gujarat, India Company website

How the price took the results

close before → close after

Q4 FY26
−8.8%
13 May
Q3 FY26
+3.9%
10 Feb
Q2 FY26
+1.9%
11 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Your own record

Start an Inve Case for Torrent Power Limited

Free account: one company. Everything above stays public.

Write why you follow Torrent Power Limited and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.

What an account adds

Keep reading

Other Power companies

All Power companies → · Power earnings growth →

Learn to analyse Torrent Power Limited

Guides on how to read this kind of business and the numbers that matter.