Date: August 03, 2026
Financial Performance Summary
Revenue from Operations: ₹8,124 Crores in Q1 FY2026-27 compared to ₹7,906 Crores in Q1 FY2025-26
EBITDA: ₹1,619 Crores in Q1 FY2026-27 compared to ₹1,588 Crores in Q1 FY2025-26, representing 2% growth
Total Comprehensive Income (TCI): ₹639 Crores in Q1 FY2026-27 compared to ₹739 Crores in Q1 FY2025-26
Performance Drivers and Challenges
The company delivered EBITDA growth of 2% during the quarter despite a challenging operating environment marked by geopolitical disruptions that affected LNG supplies and consequently impacted performance of its thermal power plants.
Positive Contributors:
- Strong contribution from Distribution business with 10% EBITDA growth
- Renewable Energy business recorded 6% EBITDA growth
- Improved operational performance across the Company's distribution businesses
- Improved performance of renewable portfolio driven by higher plant load factors
- Contribution of projects commissioned during the previous year
Negative Impact:
- Total Comprehensive Income was impacted by higher finance costs resulting from increased borrowings for investments in under-construction assets
- Geopolitical disruptions affecting LNG supplies
- Performance challenges at thermal power plants
Key Development: Acquisition of Nabha Power Limited
On February 16, 2026, the Company signed a Securities Purchase Agreement with L&T Power Development Limited (a wholly owned subsidiary of Larsen & Toubro Limited) to acquire 100% equity shares and convertible instruments of Nabha Power Limited (NPL).
The acquisition was consummated on June 25, 2026, for a consideration of ₹3,632.35 Crore, making NPL a wholly-owned subsidiary of the Company.
NPL operates a 2x700 MW coal-based supercritical thermal power plant in Punjab and supplies power under long-term Power Purchase Agreements with Punjab State Power Corporation Limited.
Business Overview
Torrent Power is a ₹28,966 Crores integrated power utility of approximately ₹50,000 Crores Torrent Group and is one of the largest companies in India's power sector with presence across the entire power value chain – generation, transmission and distribution.
Generation Capacity:
- Aggregate installed generation capacity of 6.6 GWp comprising:
- 2.7 GW of gas-based capacity
- 2.1 GWp of renewable capacity
- 1.8 GW of coal-based capacity
Under Development:
- Renewable projects of ~4.2 GWp
- Pumped Storage Capacity of 3 GW
- Coal-based power capacity of 1.6 GW
Total Capacity including projects under development:
- Generation and Pumped Storage capacity: ~12.3 GWp and 3 GW respectively
Distribution Business:
- Distributes nearly 31 billion units to around 4.29 million customers
- Service areas include:
- Ahmedabad, Gandhinagar, Surat, Dahej SEZ and Dholera SIR in Gujarat
- Union Territory of Dadra and Nagar Haveli and Daman and Diu (DNH & DD)
- Bhiwandi, Shil, Mumbra and Kalwa in Maharashtra
- Agra in Uttar Pradesh
The company is widely considered the leading power distributor in India, with licensed areas in Gujarat having the lowest distribution losses and best reliability indices in the country.