Torrent Power reported solid Q3 FY26 results, with revenue growing 4% YoY to ₹6,778 Cr and Profit After Tax (PAT) surging 34% YoY to ₹655 Cr.

This growth was fueled by strong performance from gas-based power plants, improved results in both licensed and franchised distribution businesses, and better operational efficiency in renewables.

The company is strategically expanding, targeting a significant increase in its renewable portfolio from ~5 GWp to ~10.6 GWp, with substantial projects in the pipeline.

This includes a 3 GW Pumped Storage Hydro project in Maharashtra, which has secured 2,000 MW for 40 years, and a 1,600 MW ultra-supercritical coal-based plant in Madhya Pradesh.

Key awards for both thermal and hydro projects have been placed.

Torrent Power maintains a robust balance sheet (FY25 Net Debt to EBITDA 1.41x, Net Debt to Equity 0.4x) and strong return ratios (FY25 ROE 18.4%, ROCE 12.7%). The board has approved an interim dividend of ₹15 per equity share.

The focus remains on sustainable growth through green energy and operational excellence across its integrated power utility businesses.