Torrent Power Ltd
Torrent Power Ltd Q1 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q1 FY26 earnings call: what management guided on revenue, margins and order book.
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 management made on revenue & sales performance
Profitability & Margins
See what Torrent Power Ltd said on profitability & margins — free account, 30 seconds.
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 management made on capital expenditure plans
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
See what Torrent Power Ltd said on fundraising & capital structure — free account, 30 seconds.
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 management made on order book & pipeline
Torrent Power Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹6.4K Cr, net profit ₹331 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What Torrent Power Ltd's management said in earlier quarters
Others in Power this season
- 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 Solutions Ltd (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…
- Powergrid Infrastructure Investment Trust (Q1 FY26)
Growth driven by expansion in national electricity investment plans (~₹9.16 lakh crore) prompting state entities to monetize transmission assets. Key concall…
- Nava (Q1 FY26)
1,213 crore, up nearly 15% sequentially, indicating strong growth momentum. Key concall takeaways from Nava Ltd's Q1 FY26 earnings call — and how it ranks…
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 concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.