TORRENT POWER LIMITED — Quarter ended March 31, 2026 (with year ended March 31, 2026)
| Name of the Issuer |
ISIN |
Mode of Fund Raising (Public issues/ Private placement) |
Type of instrument |
Date of raising funds |
Amount Raised (₹ in Crore) |
Funds utilized |
Any deviation (Yes / No) |
If Yes, then specify the purpose for which the funds were utilized |
Remarks, if any |
| Torrent Power Limited |
INE813H07424 |
Private Placement |
Secured, Rated, Listed, Taxable, Non-Cumulative, Redeemable, Non-Convertible Debentures |
09-03-2026 |
680 |
680 |
|
|
|
|
INE813H07408 |
|
|
|
675 |
675 |
No |
NA |
– |
|
INE813H07416 |
|
|
|
645 |
645 |
|
|
|
| Particulars |
Remarks |
| Series – 14 |
|
| Name of listed entity |
Torrent Power Limited |
| Mode of fund raising |
Private placement |
| Type of instrument |
Secured, Rated, Listed, Taxable, Non-Cumulative, Redeemable, Non-Convertible Debentures |
| Date of raising funds |
March 09, 2026 |
| Amount raised |
₹ 2000 Crore |
| Report filed for quarter ended |
March 31, 2026 |
| Is there a deviation / variation in use of funds raised? |
No |
| Whether any approval is required to vary the objects of the issue stated in the prospectus/offer document? |
No |
| If yes, details of the approval so required? |
NA |
| Date of approval |
NA |
| Explanation for the deviation / variation |
NA |
| Comments of the audit committee after review |
NA |
| Comments of the auditors, if any |
NA |
| Particulars |
For the quarter ended |
For the year ended |
|
31.03.2026
Refer note 6 |
31.12.2025
Un-audited |
| Income |
|
|
| Revenue from operations |
4,480.02 |
5,096.71 |
| Other income |
169.04 |
156.58 |
| Total income |
4,649.06 |
5,253.29 |
| Expenses |
|
|
| Electrical energy purchased |
2,245.59 |
2,213.42 |
| Fuel cost |
515.07 |
567.18 |
| Purchase of stock-in-trade |
294.86 |
574.05 |
| Employee benefits expense |
139.61 |
157.96 |
| Finance costs |
175.97 |
191.30 |
| Depreciation and amortisation expense |
299.28 |
294.15 |
| Other expenses |
354.29 |
394.98 |
| Total expenses |
4,024.67 |
4,393.04 |
| Profit before tax |
624.39 |
860.25 |
| Tax expense |
|
|
| – Current Tax |
181.73 |
108.38 |
| – Deferred tax |
10.76 |
39.71 |
| Total tax expense |
192.49 |
148.09 |
| Profit for the period |
431.90 |
712.16 |
| Particulars |
31.03.2026 |
31.12.2025 |
31.03.2025 |
31.03.2026 |
31.03.2025 |
| Items that will not be reclassified to profit or loss |
16.17 |
(8.96) |
15.41 |
(10.71) |
1.68 |
| Tax relating to Items that will not be reclassified to profit or loss |
6.70 |
(3.13) |
5.38 |
(2.70) |
0.58 |
| Items that will be reclassified subsequently to profit or loss |
89.32 |
(17.62) |
(2.93) |
69.41 |
3.75 |
| Tax relating to Items that will be reclassified subsequently to profit or loss |
24.06 |
(6.16) |
(1.02) |
17.10 |
1.31 |
| Other comprehensive income for the period (net of tax) |
74.73 |
(17.29) |
8.12 |
44.30 |
3.54 |
| Total comprehensive income for the period |
506.63 |
694.87 |
1,097.92 |
2,619.41 |
2,854.55 |
| Paid up equity share capital (F.V. ₹ 10/- per share) |
503.90 |
503.90 |
503.90 |
503.90 |
503.90 |
| Reserves excluding revaluation reserves as per balance sheet of previous accounting year |
|
|
|
18,563.85 |
16,952.25 |
| Type |
31.03.2026 |
31.12.2025 |
31.03.2025 |
31.03.2026 |
31.03.2025 |
| (a) Basic (₹) |
8.57 |
14.13 |
21.63 |
51.10 |
58.41 |
| (b) Diluted (₹) |
8.57 |
14.13 |
21.63 |
51.10 |
58.41 |
| Particulars |
As at March 31, 2026 |
As at March 31, 2025 |
|
Audited |
Audited |
| ASSETS |
|
|
| Non-current assets |
|
|
| Property, plant and equipment |
15,646.94 |
15,495.39 |
| Right-of-use assets |
194.19 |
186.55 |
| Capital work-in-progress |
953.71 |
756.17 |
| Investment property |
0.37 |
0.37 |
| Intangible assets |
9.15 |
9.28 |
| Intangible assets under development |
3.25 |
– |
| Financial assets |
|
|
| Investments in subsidiaries |
6,124.60 |
1,655.07 |
| Other investments |
24.10 |
22.15 |
| Loans |
5,224.30 |
5,145.31 |
| Other financial assets |
215.80 |
14.32 |
| Non-current tax assets (net) |
8.75 |
11.22 |
| Other non-current assets |
521.67 |
185.27 |
| Sub total – Non-current assets |
28,926.83 |
23,481.10 |
| Current assets |
|
|
| Inventories |
443.56 |
608.55 |
| Financial assets |
|
|
| Investments |
1,057.51 |
739.03 |
| Trade receivables |
1,717.72 |
1,690.58 |
| Cash and cash equivalents |
565.39 |
222.42 |
| Bank balances other than cash and cash equivalents |
44.60 |
74.75 |
| Loans |
78.20 |
623.72 |
| Other financial assets |
2,873.32 |
4,111.38 |
| Other current assets |
94.85 |
107.34 |
| Sub total – Current assets |
6,875.15 |
8,177.77 |
| Total – Assets |
35,801.98 |
31,658.87 |
| EQUITY AND LIABILITIES |
|
|
| Equity |
|
|
| Equity share capital |
503.90 |
503.90 |
| Other equity |
18,563.85 |
16,952.25 |
| Sub total – Equity |
19,067.75 |
17,456.15 |
| Liabilities |
|
|
| Non-current liabilities |
|
|
| Financial liabilities |
|
|
| Borrowings |
7,338.72 |
5,235.98 |
| Lease liabilities |
19.08 |
25.54 |
| Trade payables |
|
|
| Total outstanding dues of micro and small enterprises |
– |
– |
| Total outstanding dues other than micro and small enterprises |
324.05 |
380.88 |
| Other financial liabilities |
6.20 |
14.55 |
| Deferred tax liabilities (net) |
1,197.42 |
978.35 |
| Other non-current liabilities |
1,641.71 |
1,575.78 |
| Sub total – Non-current liabilities |
10,527.18 |
8,211.08 |
| Current liabilities |
|
|
| Financial liabilities |
|
|
| Borrowings |
945.81 |
1,119.49 |
| Lease liabilities |
6.99 |
6.62 |
| Trade payables |
|
|
| Total outstanding dues of micro and small enterprises |
71.67 |
68.64 |
| Total outstanding dues other than micro and small enterprises |
1,306.14 |
1,301.80 |
| Other financial liabilities |
2,824.76 |
2,625.31 |
| Other current liabilities |
803.71 |
651.20 |
| Provisions |
212.29 |
187.54 |
| Current tax liabilities (net) |
35.68 |
31.04 |
| Sub total – Current liabilities |
6,207.05 |
5,991.64 |
| Total – Equity and liabilities |
35,801.98 |
31,658.87 |
| Particulars |
For the year ended March 31, 2026 Audited |
For the year ended March 31, 2025 Audited |
| Cash flow from operating activities |
|
|
| Profit before tax |
3,350.41 |
3,098.30 |
| Adjustments for : |
|
|
| Depreciation and amortisation expense |
1,136.39 |
1,072.17 |
| Amortisation of deferred revenue |
(123.84) |
(112.39) |
| Provision of earlier years written back |
(3.85) |
(1.42) |
| Loss on sale of non-current investments |
– |
0.13 |
| Loss on sale / discarding of property, plant and equipment and capital work-in-progress |
17.91 |
10.94 |
| Gain on disposal of property, plant and equipment |
(18.54) |
(10.57) |
| Bad debts written off (net of recovery) |
4.99 |
10.16 |
| Allowance for doubtful debts (net) |
(66.43) |
(17.47) |
| Finance costs |
695.58 |
873.72 |
| Interest income from financial assets measured at amortised cost |
(485.09) |
(399.70) |
| Dividend income from non-current investments carried at cost |
(20.52) |
(21.44) |
| Rent income from investment property |
(1.28) |
(1.28) |
| Impairment / (reversal) for non-current investments |
0.08 |
(7.15) |
| Gain on sale of current investments in mutual funds |
(59.59) |
(94.68) |
| Gain on sale of non-current investments |
– |
(1.04) |
| Net (gain) / loss arising on current investments in mutual funds measured at fair value through profit or loss |
(1.34) |
2.61 |
| Net gain arising on financial assets / liabilities measured at amortised cost |
(38.12) |
(18.89) |
| Financial guarantee commission (amortised) |
(29.18) |
(14.38) |
| Net unrealised loss on foreign currency transactions |
88.81 |
10.99 |
| Operating profit before working capital changes |
4,446.39 |
4,378.61 |
| Movement in working capital: |
|
|
| Adjustments for decrease / (increase) in operating assets: |
|
|
| — Inventories |
164.99 |
(142.70) |
| — Trade receivables |
34.30 |
(162.56) |
| — Other financial assets |
371.43 |
(143.15) |
| — Other assets |
25.71 |
29.42 |
| Adjustments for increase / (decrease) in operating liabilities: |
|
|
| — Trade payables |
(109.55) |
337.21 |
| — Other financial liabilities |
162.84 |
165.25 |
| — Provisions |
14.04 |
(3.01) |
| — Other liabilities |
147.40 |
(21.92) |
| Cash generated from operations |
5,257.55 |
4,437.15 |
