Torrent Power Reports 29% EBITDA Growth and ₹9,801 Crore Revenue in Q2 FY27 Driven by Distribution and Renewables Expansion

The company's adjusted EBITDA increased by 29% during Q2 FY27, aided by solid operational results in its distribution business and renewable energy portfolio, including the integration of the Nabha acquisition. The adjusted EBITDA figure includes ₹54 crore principal recovery from the Nabha acquisition recognized under lease accounting.

Total comprehensive income (TCI) rose to ₹835 crore for the quarter, primarily due to improved operations in distribution, increased plant load factors in renewable energy assets, and contributions from Nabha. However, the growth was moderated by higher finance costs stemming from increased borrowings.

Torrent Power's revenue from operations grew 24% year-over-year to ₹9,801 crore in Q2 FY27, with a half-year revenue of ₹17,926 crore, up 14% compared to the previous year.

The company operates an aggregate installed generation capacity of 6.8 GWp, consisting of 2.7 GW gas-based, 2.3 GW renewable, and 1.8 GW coal-based power assets. Additionally, it is developing approximately 4.3 GWp renewable projects, 3 GW pumped storage capacity, and 1.6 GW coal-based power projects, totaling about 12.7 GWp generation capacity under operation and development.

In distribution, Torrent Power serves approximately 4.29 million customers across multiple regions including Gujarat, Maharashtra, Uttar Pradesh, and the Union Territory of Dadra and Nagar Haveli and Daman and Diu. The company’s licensed areas in Gujarat are noted for having the lowest distribution losses and highest reliability indices nationwide.