Torrent Power Q1 FY26 earnings call: Revenue & Margins
Q1 FY26 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹7,906Cr
- −12.5% YoY
- +22.5% QoQ
- Net profit
- ₹742Cr
- −25.5% YoY
- −31.1% QoQ
- Margin
- 19%
- −2 pp YoY
- +1 pp QoQ
Guidance rank: #16 of 24 in Power
See the sector's top 10 — free with your mobile number.
Torrent Power Ltd Q1 FY26 key numbers
- Revenue
- FY '26 revenue expected around INR 7,000 to 8,000 crores, slightly higher in FY '27.
As stated in Torrent Power Ltd's Q1 FY26 earnings call transcript · published 7 Aug 2026. Reported figures, not investment advice.
The short version
FY '26 revenue expected around INR 7,000 to 8,000 crores, slightly higher in FY '27 (Page 4). Torrent Power’s reported PBT for Q1 FY'26 was INR 985 crores, down 25% YoY, primarily due to lower merchant gains.
From Torrent Power Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- FY '26 revenue expected around INR 7,000 to 8,000 crores, slightly higher in FY '27 (Page 4).
- Renewable capacity pipeline includes 3.1 GW renewable projects and 3 GW pumped storage, indicating growth in green energy segment (Page 3).
- Capex in renewables planned to ramp up in H2 FY '26 after INR 350 crores spent in Q1; expected addition of 500 to 700 MW capacity progressively (Page 6).
- Continuous acquisition strategy in thermal and renewable assets to support growth (Page 7).
2 more points from Torrent Power Ltd's call on revenue
Create a free account to keep reading this call
Profitability & Margins
Torrent Power’s reported PBT for Q1 FY'26 was INR 985 crores, down 25% YoY, primarily due to lower…
Locked: what Torrent Power Ltd said on margins
Also locked on this page: fundraising
Free account, 30 seconds. No card needed.
Capital Expenditure Plans
- Q1 FY26 renewable capex stood at INR 350 crores; overall company capex in Q1 was INR 850 crores.
- Renewable capex expected to ramp up significantly in H2 FY26 compared to H1.
- Plans to commission 500 to 700 MW renewable capacity progressively during the remaining year.
- Pipeline includes 3.1 GW of renewable projects and 3 GW of pumped storage projects under development.
- Total pumped storage plant (PSP) capacity under development is 3 GW, with 2 GW tied-up under MSEDCL and 1 GW planned on a merchant basis at the same location.
- Continuous strategic interest in thermal coal assets through development or acquisition, including participation in IBC (Insolvency and Bankruptcy Code) process.
2 more points from Torrent Power Ltd's call on capex
Create a free account to keep reading this call
Top-ranked in Power
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
Specifically:
Locked: what Torrent Power Ltd said on fundraising
Also locked on this page: margins
Free account, 30 seconds. No card needed.
Order Book & Pipeline
- Torrent Power has a robust pipeline of projects as of Q1 FY '26.
- Secured contract under SECI-XVIII tender for 300 MW merchant capacity at INR 3.97/unit.
- Aggregate installed generation capacity is 4.9 GW (2.7 GW gas, 1.8 GW renewable, 362 MW coal).
- Pipeline projects include:
- 3.1 GW renewable projects
- 3 GW pumped storage projects (PSP)
- 2 transmission projects at Khavda and Solapur
- PSP capacity under development totals 3 GW (2 GW tied up with MSEDCL, 1 GW planned on merchant basis).
2 more points from Torrent Power Ltd's call on order book
Create a free account to keep reading this call
Torrent Power Ltd — Quarterly revenue & net profit
Torrent Power Ltd Q1 FY26 results — key figures
| ₹ Cr | Q1 FY26 | Q1 FY25 | YoY | Q4 FY25 | QoQ |
|---|---|---|---|---|---|
| Revenue | 7,906 | 9,034 | -12.5% | 6,456 | +22.5% |
| Operating profit (EBITDA) | 1,483 | 1,858 | -20.2% | 1,130 | +31.2% |
| Operating margin | 19% | 21% | -2 pp | 18% | +1 pp |
| Profit before tax | 985 | 1,315 | -25.1% | 619 | +59.1% |
| Net profit (PAT) | 742 | 996 | -25.5% | 1,077 | -31.1% |
| EPS (₹) | 14.52 | 20.23 | -28.2% | 21.03 | -31% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹9.8K Cr, net profit ₹838 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What Torrent Power's management said in earlier quarters
- Q2 FY27 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
Earlier calls (1)
Others in Power this season
- CESC (Q1 FY26)
T&D Loss: ~39.7% . Key concall takeaways from CESC Ltd's Q1 FY26 earnings call — and how it ranks against sector peers.
- NHPC Ltd (Q1 FY26)
Revenue from Operations for Q2 FY'26: ₹3365.26 Cr, up 10.27% YoY from ₹3051.93 Cr in Q2 FY'25 (Page 8) . Key concall takeaways from NHPC Ltd's Q1 FY26 earnings…
- Power Grid Corpn (Q1 FY26)
Expansion in telecom and consultancy businesses, with telecom income increasing and new smart meter business contributing ₹153 Crore revenue for FY25-26. Key…
- Adani Energy Sol (Q1 FY26)
Smart meter pending orders: About 12 crore meters are yet to be bid out, with major upcoming opportunities in Madhya Pradesh, Telangana, Karnataka, and Tamil…
Potential multibaggers · Q2 FY27
Potential multibaggers in Power
on management's own guidance
- Strong growth2
- Strong growth1
- Adani PowerGood growth3
Portfolio builder
Build your portfolio
from the top-ranked stocks
- 1. Pick 3–15 stocks
- 2. Choose large, mid or small cap and your sectors
- 3. Get a portfolio built from the rankings
Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Arthneeti Pro · Annual
Torrent Power Ltd and 15K+ more earnings calls,
for less than your morning chai
Every earnings call, ranking and concall Q&A across all four results seasons.
Secure Razorpay payment · instant access
Frequently Asked Questions
What were Torrent Power Ltd Q1 FY26 results?
FY '26 revenue expected around INR 7,000 to 8,000 crores, slightly higher in FY '27 (Page 4). Torrent Power’s reported PBT for Q1 FY'26 was INR 985 crores, down 25% YoY, primarily due to lower merchant gains.
What is Torrent Power Ltd share price analysis?
Torrent Power Ltd currently shows a neutral. The stock trades at a P/E of 28.7 with a market cap of ₹66,692 Cr. Investors should review the full earnings analysis for detailed insights.
Is Torrent Power Ltd planning capital expenditure?
Q1 FY26 renewable capex stood at INR 350 crores; overall company capex in Q1 was INR 850 crores.
Keep Torrent Power Ltd on your radar — track it to get its next earnings analysis in your feed.
This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.