Torrent Power Q3 profit jumps 35%, okays ₹7,000 crore NCD issue

Revenue from the transmission and distribution business declined 1.2%, while that from generation and renewable energy segments grew 22% and 26%, respectively.  | Photo Credit: REUTERS/MANSI THAPLIYAL

Torrent Power on Tuesday reported a 35 per cent year-on-year (y-o-y) jump in consolidated net profit to ₹643 crore for the December quarter and declared an interim dividend of ₹15 per equity share, while also approving plans to raise up to ₹7,000 crore through non-convertible debentures (NCDs).

The net profit attributable to owners of the company rose from ₹476 crore in the year-ago period. The interim dividend will be paid on 50,39,03,543 equity shares of face value ₹10 each.

Consolidated revenue from operations increased 4.3 per cent y-o-y to ₹6,778 crore during the quarter. Revenue from the transmission and distribution business declined 1.2 per cent, while generation and renewable energy segments grew 22 per cent and 26 per cent, respectively. Torrent Power said total comprehensive income for the quarter rose by ₹147 crore on a y-o-y basis, aided by higher contribution from gas-based power plants, improved performance of licensed and franchised distribution businesses and better operational efficiency in the renewable energy segment. This was partially offset by higher interest and depreciation costs.

The Board of Directors in its meeting on Tuesday also approved raising up to ₹7,000 crore through the issuance of NCDs in one or more tranches via private placement, to support the company’s growth and capital requirements, the company added.

The shares of the company rose 3.55 per cent to ₹1,483.3 on the BSE on Tuesday.

Published on February 10, 2026