Torrent Power Q2 FY26 net income up 48% on strong performance

Torrent Power Limited announced a 48% increase in its Total Comprehensive Income (TCI) for Q2 FY26, reaching ₹730 Cr, up from ₹492 Cr in Q2 FY25. Revenue from operations for the quarter grew by 10% to ₹7,876 Cr from ₹7,176 Cr, with PBDIT increasing by 19% to ₹1,583 Cr from ₹1,332 Cr. The company's strong operational performance was primarily attributed to increased contribution from merchant power sales, including LNG sales from gas-based power plants, and a reduction in finance cost. This was partially offset by increased depreciation from new renewable generation capacity.

During the quarter, Torrent Power secured a Letter of Award for a 1,600 MW coal-based thermal project in Madhya Pradesh at a tariff of ₹5.829 per kWh. Additionally, the Torrent Group inaugurated its first Green Hydrogen Plant in Gorakhpur, Uttar Pradesh, with an annual production capacity of 72 TPA, marking India's largest hydrogen-natural gas blending initiative within the City Gas Distribution sector. The company's total installed generation capacity is 4,961 MWp, with an additional 5,170 MWp in the pipeline.

Torrent Power maintains a significant pan-India footprint in generation, transmission, and distribution. Its licensed distribution areas boast low distribution losses and high power availability. The company is actively pursuing strategic growth in renewable energy, with 3.8 GW of capacity under installation, and is developing 8.4 GW of pumped storage hydro projects, including 3 GW under construction.