Torrent Power Ltd (NSE:TORNTPOWER)

Q2 2026 Torrent Power Ltd Earnings Call Transcript

Nov 11, 2025 / 01:45 PM GMT

Release Date Price: ₹1336.8 (+1.87%)

Transcript

Key Points

Positve

Torrent Power Ltd (BOM:532779) reported a significant increase in PBD for the quarter, up by 42% compared to the same period last year.
The company saw a substantial contribution from its thermal generation business, with an increase of 293 crores due to better merchant power sales.
The licensed distribution business benefited from improved ROE and ROCE due to asset capitalization and new tariff regulations.
The company successfully commissioned India's largest green hydrogen natural gas blending initiative within the city gas distribution sector.
Torrent Power Ltd (BOM:532779) has a robust pipeline with 3.6 gigawatts of renewable capacity and 3 gigawatts of pump storage capacity in development.

Negative

The renewable generation segment saw a reduction in contribution by 20 crores due to lower PLF from existing wind power plants.
Higher O&M expenses and non-cash variations negatively impacted the financial performance.
The capital cost for the newly won coal-based power plant is on the higher side, raising concerns about cost efficiency.
The company faces challenges with lower wind PLF due to extended monsoon conditions affecting wind power generation.
There is uncertainty regarding merchant sales in the upcoming quarters, as it depends on market dynamics and peak demand.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TOPO.NS - Torrent Power Ltd
Q2 2026 Torrent Power Ltd Earnings Call
Nov 11, 2025 / 01:45PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the Torrent Power Limited 2 QFI 26 earnings conference call.

As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing and then 0 on your touchstone phone.

Please note that this conference is being recorded.

I now hand the conference over to Mr. Saurab Mashruwala, executive director and CFO.

Thank you and over to you, sir.

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Unidentified_2 [2]
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