Torrent Power’s consolidated net profit for the fourth quarter of FY26 plummeted by 70% to Rs 318 crore, a sharp drop from Rs 1,059.57 crore in the same quarter of the previous financial year. Despite this, the company’s revenue from operations remained stable at Rs 6,406.07 crore in the January-March quarter, compared to Rs 6,456.34 crore in the previous year.
The company attributed the decline in profit to challenges in its gas-based generation business, influenced by a fluctuating power demand environment and gas market volatility. Additionally, Torrent Power declared a final dividend of Rs 5 per equity share for FY26, bringing the total dividend for the year to Rs 20 per equity share, inclusive of an earlier interim dividend of Rs 15 per equity share.
In other announcements, Torrent Power’s board approved the re-appointment of Radhika Haribhakti as a non-executive independent director for a five-year term from August 7, 2026, to August 6, 2031, pending shareholder approval. The board also sanctioned the re-appointment of Ketan Dalal as a non-executive independent director for a term spanning from May 11, 2027, to May 10, 2032, subject to shareholders’ approval.
For the full fiscal year FY26, Torrent Power witnessed a 0.6% decline in consolidated revenue to Rs 28,966 crore, with a 19% decrease in net profit to Rs 2,416 crore. The company noted that the absence of a one-time non-cash deferred tax liability reversal of Rs 637 crore, which was present in FY25, impacted annual profitability. However, excluding this impact, the total comprehensive income for FY26 increased by Rs 92 crore, driven by enhanced operational performance in the distribution and renewable energy sectors.
