At the operating level, EBITDA tanked 20.2% to ₹1,483 crore in the first quarter of this fiscal over ₹1,857 crore last year. The EBITDA margin fell to 18.7% from 20.6% year-on-year
Also Read: Torrent Power is said in talks to buy L&T’s power unit for $1 billionTorrent Power reported a total comprehensive income (TCI) of ₹739 crore in Q1FY26, compared to ₹993 crore in the corresponding quarter of the previous year.
While the company’s underlying business remains resilient, the current quarter’s performance was impacted by lower power demand due to the early onset of monsoon and elevated gas prices, which affected merchant gains from gas-based generation. Adjusted for these factors, TCI remained comparable to the same quarter last year.Key contributors to the performance included improved contributions from the renewable segment, driven by solar capacity additions and favourable wind conditions, which resulted in better plant load factor (PLF).
Also Read: Torrent Power Q3 Results | Net profit surges 31% to ₹489 crore; declares interim dividend
Additionally, after adjusting for one-time tariff order income recorded in the previous year, improved operational parameters led to higher profitability in the distribution business. The company stated that it remains well-positioned to navigate cyclical variations, supported by its diversified business operations.
Also Watch | Saurabh Mashruwala, CFO of Torrent Powerdiscussesthe April to June quarter of 2025 (Q1FY26) figures in an interview with CNBC-TV18.
The results came after the close of the market hours. Shares of Torrent Power Ltd ended at ₹1,312, down by ₹0.60 or 0.046%, on the BSE today (August 5).
(Edited by : Shoma bhattacharjee)
