Torrent Power Announces Annual Results, Recommends ₹ 20 Dividend, and Plans Up to ₹ 10,000 Crore Fundraising
Torrent Power Limited announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. During the Board of Directors meeting held on May 12, 2026, the company also recommended a final dividend and detailed plans for significant capital raising.The company reported strong financial performance, with consolidated profit for the year ended March 31, 2026, amounting to ₹ 2,469.36 Crore. Standalone profit for the same period stood at ₹ 2,575.11 Crore. Earnings per share (EPS) for the financial year ended March 31, 2026, were ₹ 51.10 on a standalone basis and ₹ 47.95 on a consolidated basis.
Dividend Recommendation and Fundraising Plan
The Board recommended a Final Dividend of ₹ 5 per Equity Share on 50,39,03,543 Equity Shares of ₹ 10 each. This recommended final dividend, combined with the earlier paid interim dividend of ₹ 1.50 per Equity Share during Q4 FY 2025-26, brings the total dividend for FY 2025-26 to ₹ 20.00 per Equity Share.In terms of capital structure, Torrent Power Limited plans to raise funds by issuing NonConvertible Debentures up to ₹ 10,000 Crore in one or more tranches through Private Placement.
Key Corporate Governance Updates
The Board meeting finalized several key appointments and reappointments, ensuring continued independent leadership:- Radhika Haribhakti was re-appointed as Non-Executive Independent Director for a second and final term of 5 consecutive years, spanning from August 07, 2026, through August 06, 2031.
- Ketan Dalal was re-appointed as Non-Executive Independent Director for a second and final term of 5 consecutive years, commencing May 11, 2027, and concluding on May 10, 2032.
Utilization of Issued Funds
The company provided a statement detailing the utilization of Non-Convertible Debentures (NCD) of ₹ 2000 Crore (Series-14) issued during the quarter ended March 31, 2026. The utilization of these funds was fully accounted for, with no deviation recorded.Statement of Utilization of NCD Proceeds (Series-14)
| Issuer | Mode of Fund Raising | Date of Raising Funds | Amount Raised (₹ in Crore) | Funds Utilized | Deviation |
|---|---|---|---|---|---|
| Torrent Power Limited | Private Placement | 09-03-2026 | 680 | 680 | No |
| Torrent Power Limited | Private Placement | 09-03-2026 | 675 | 675 | No |
| Torrent Power Limited | Private Placement | 09-03-2026 | 645 | 645 | No |
| Total | 2000 | 2000 |
Financial Ratio Highlights
The company provided several key financial ratios for comparison across the years.Standalone Financial Ratios
| Ratio Metric | 31.03.2026 (Qtr) | 31.12.2025 (Qtr) | 31.03.2025 (Qtr) | 31.03.2026 (Year) | 31.03.2025 (Year) |
|---|---|---|---|---|---|
| Debt equity ratio | 0.57 | 0.47 | 0.39 | 0.57 | 0.39 |
| Current ratio | 1.90 | 1.96 | 2.17 | 1.90 | 2.17 |
| Operating margin (%) | 20.77% | 23.33% | 19.77% | 20.58% | 19.89% |
| Net profit margin (%) | 9.64% | 13.97% | 23.23% | 11.79% | 13.01% |
Consolidated Financial Ratios
| Ratio Metric | 31.03.2026 (Qtr) | 31.12.2025 (Qtr) | 31.03.2025 (Qtr) | 31.03.2026 (Year) | 31.03.2025 (Year) |
|---|---|---|---|---|---|
| Debt equity ratio | 0.67 | 0.56 | 0.46 | 0.67 | 0.46 |
| Current ratio | 1.35 | 1.87 | 1.68 | 1.35 | 1.68 |
| Operating margin (%) | 17.94% | 20.70% | 17.51% | 19.13% | 18.20% |
| Net profit margin (%) | 5.17% | 9.66% | 16.68% | 8.52% | 10.49% |
TORNTPOWER Stock Price Movement
Torrent Power Limited shares closed today, shedding ₹80.20, or 4.77%, settling at ₹1597.6. The stock experienced considerable interest, with a total traded volume reaching 410,568 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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