Q4 2025 Torrent Power Ltd Earnings Call Transcript
Key Points
- Reported PBT for the quarter increased to INR619 crore from INR617 crore in the corresponding quarter of last year.
- Sales growth was above 6%, with significant contributions from the distribution business.
- The company successfully raised INR3,500 crore through a QIP, marking the first equity raise in three decades for the Torrent Group.
- Distribution business set new operational benchmarks with low distribution losses, comparable to global standards.
- The company secured a long-term energy storage facility agreement with MSEDCL for 2,000 megawatts, indicating strategic growth in renewable energy.
- The 420 megawatt TPL solar project is still in the stabilization phase, negatively impacting consolidated PBT.
- Merchant power and LNG sales contributed only INR88 crore due to elevated LNG prices and subdued demand.
- The wind project faced a negative impact of INR30 crore due to inclement weather conditions.
- Demand growth was only about 4% across all distribution areas, indicating slower than expected growth.
- The NVVN tender pricing is slightly lower compared to last year, potentially impacting profitability.
Ladies and gentlemen, good day and welcome to the Torrent Power Limited Q4 FY25 earnings call.(Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Saurabh Mashruwala, Executive Director and Chief Financial Officer. Thank you and over to you, sir.
Thank you so much. Good evening to all of you, and thank you for joining earnings call of Torrent Power for Q4 FY25. First, I will take you the performance of the quarter, after which phone lines will be open for a Q&A session.
(technical difficulty)
Ladies and gentlemen, please stay connected while we reconnect the management line. Ladies and gentlemen, we have the management line reconnected. Sir, you can go ahead.
Thank you. Good evening to all of you, and thank you for joining earnings call of Torrent Power Q4 FY25.
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