Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Torrent Power Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 6,038 | 7,328 | 6,961 | 6,366 | 6,529 | 9,034 | 7,176 | 6,499 | 6,456 | 7,906 | 7,876 | 6,778 | 6,406 |
| Expenses + | 4,947 | 6,143 | 5,740 | 5,322 | 5,420 | 7,176 | 5,968 | 5,388 | 5,326 | 6,423 | 6,370 | 5,375 | 5,257 |
| Operating Profit | 1,090 | 1,185 | 1,221 | 1,044 | 1,109 | 1,858 | 1,207 | 1,112 | 1,130 | 1,483 | 1,506 | 1,403 | 1,149 |
| OPM % | 18% | 16% | 18% | 16% | 17% | 21% | 17% | 17% | 18% | 19% | 19% | 21% | 18% |
| Other Income + | 96 | 86 | 108 | 54 | 97 | 76 | 125 | 172 | 114 | 105 | 78 | 69 | 71 |
| Interest | 189 | 227 | 247 | 235 | 233 | 260 | 272 | 276 | 236 | 212 | 216 | 255 | 252 |
| Depreciation | 329 | 332 | 342 | 349 | 355 | 359 | 371 | 378 | 389 | 390 | 389 | 413 | 421 |
| Profit before tax | 668 | 711 | 741 | 513 | 617 | 1,315 | 689 | 630 | 619 | 985 | 979 | 805 | 547 |
| Tax % | 28% | 25% | 27% | 27% | 28% | 24% | 28% | 22% | -74% | 25% | 24% | 19% | 39% |
| Net Profit + | 484 | 532 | 543 | 374 | 447 | 996 | 496 | 489 | 1,077 | 742 | 742 | 655 | 331 |
| EPS in Rs | 9.34 | 10.76 | 10.94 | 7.49 | 8.95 | 20.23 | 10.01 | 9.44 | 21.03 | 14.52 | 14.36 | 12.76 | 6.31 |
Financials of Torrent Power Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 10,348 | 11,680 | 9,960 | 11,512 | 13,151 | 13,641 | 12,173 | 14,258 | 25,694 | 27,183 | 29,165 | 28,966 |
| Expenses + | 8,246 | 8,681 | 7,487 | 8,364 | 9,934 | 10,045 | 8,695 | 10,643 | 20,906 | 22,587 | 23,844 | 23,425 |
| Operating Profit | 2,103 | 2,999 | 2,472 | 3,148 | 3,217 | 3,596 | 3,477 | 3,615 | 4,789 | 4,596 | 5,322 | 5,541 |
| OPM % | 20% | 26% | 25% | 27% | 24% | 26% | 29% | 25% | 19% | 17% | 18% | 19% |
| Other Income + | 320 | 337 | 179 | 232 | 172 | -862 | 130 | -1,089 | 352 | 307 | 473 | 323 |
| Interest | 962 | 1,131 | 1,058 | 848 | 899 | 955 | 776 | 628 | 818 | 943 | 1,045 | 934 |
| Depreciation | 720 | 916 | 1,006 | 1,132 | 1,227 | 1,304 | 1,280 | 1,334 | 1,281 | 1,378 | 1,497 | 1,613 |
| Profit before tax | 740 | 1,290 | 587 | 1,401 | 1,264 | 475 | 1,552 | 564 | 3,041 | 2,583 | 3,253 | 3,317 |
| Tax % | 51% | 30% | 27% | 32% | 28% | -148% | 16% | 19% | 29% | 27% | 6% | 26% |
| Net Profit + | 363 | 902 | 430 | 952 | 904 | 1,179 | 1,296 | 459 | 2,165 | 1,896 | 3,059 | 2,469 |
| EPS in Rs | 7.61 | 18.73 | 8.92 | 19.61 | 18.70 | 24.43 | 26.86 | 9.45 | 44.06 | 38.14 | 59.31 | 47.95 |
| Dividend Payout % | 20% | 24% | 25% | 26% | 27% | 47% | 41% | 95% | 59% | 42% | 32% | 42% |
Financials of Torrent Power Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 472 | 481 | 481 | 481 | 481 | 481 | 481 | 481 | 481 | 481 | 504 | 504 |
| Reserves | 6,083 | 5,990 | 6,411 | 7,239 | 8,490 | 8,673 | 9,704 | 9,463 | 10,529 | 11,581 | 17,111 | 18,571 |
| Borrowings + | 9,355 | 8,515 | 8,768 | 9,298 | 9,715 | 8,908 | 7,817 | 9,143 | 10,541 | 11,632 | 8,840 | 13,971 |
| Other Liabilities + | 3,722 | 4,626 | 5,132 | 5,571 | 5,865 | 5,541 | 5,513 | 5,902 | 8,320 | 9,633 | 10,004 | 12,147 |
| Total Liabilities | 19,632 | 19,612 | 20,793 | 22,589 | 24,550 | 23,603 | 23,514 | 24,988 | 29,872 | 33,326 | 36,459 | 45,193 |
| Fixed Assets + | 15,088 | 15,139 | 16,804 | 17,871 | 18,014 | 17,569 | 17,326 | 17,097 | 19,269 | 21,802 | 24,286 | 25,615 |
| CWIP | 233 | 213 | 332 | 393 | 359 | 568 | 838 | 1,297 | 2,625 | 2,472 | 2,250 | 6,962 |
| Investments | 607 | 511 | 671 | 873 | 914 | 724 | 466 | 407 | 804 | 954 | 895 | 1,531 |
| Other Assets + | 3,705 | 3,748 | 2,986 | 3,453 | 5,263 | 4,743 | 4,885 | 6,187 | 7,174 | 8,097 | 9,028 | 11,086 |
| Total Assets | 19,632 | 19,612 | 20,793 | 22,589 | 24,550 | 23,603 | 23,514 | 24,988 | 29,872 | 33,326 | 36,459 | 45,193 |
Financials of Torrent Power Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 2,251 | 2,550 | 2,356 | 2,764 | 2,425 | 3,610 | 2,988 | 3,167 | 3,456 | 4,258 | 4,805 | 5,464 |
| Cash from Investing Activity + | -1,158 | -911 | -2,122 | -2,418 | -1,828 | -1,129 | -910 | -2,483 | -3,216 | -3,544 | -3,650 | -8,088 |
| Cash from Financing Activity + | -1,206 | -2,163 | -674 | -311 | -617 | -2,506 | -2,061 | -502 | -341 | -551 | -1,216 | 3,101 |
| Net Cash Flow | -112 | -523 | -440 | 34 | -20 | -25 | 16 | 182 | -101 | 163 | -62 | 478 |
| Free Cash Flow | 889 | 926 | -85 | 429 | 537 | 2,263 | 1,699 | 1,407 | 432 | 659 | 608 | -1,990 |
| CFO/OP | 113% | 96% | 100% | 98% | 84% | 109% | 93% | 94% | 82% | 103% | 94% | 110% |
Financials of Torrent Power Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 31 | 33 | 36 | 36 | 34 | 34 | 43 | 41 | 32 | 29 | 30 | 29 |
| Inventory Days | 116 | |||||||||||
| Days Payable | 430 | |||||||||||
| Cash Conversion Cycle | 31 | 33 | 36 | 36 | 34 | 34 | 43 | 41 | 32 | 29 | 30 | -285 |
| Working Capital Days | -35 | 9 | -15 | -11 | -15 | -23 | -21 | -40 | -9 | -9 | -3 | -16 |
| ROCE % | 11% | 15% | 10% | 13% | 12% | 13% | 13% | 13% | 18% | 15% | 16% | 14% |