Ahmedabad, May 14, 2025: Torrent Power Limited (the “Company”) today announced financial results for the fourth quarter and year ended March 31, 2025. Company’s TCI (net profit) for the year 2024-25 was ₹ 3,059 crs; increased of ₹ 1,177 Crores over the previous year. The major reasons for higher TCI for the year are:
- Increase in contribution from gas-based power plants.
- Increase in contribution from licensed and franchised distribution businesses
- Decrease in tax expenses mainly due to reversal of deferred tax liabilities of ₹ 637 Crs being one time and non-cash item
- Gain on sale of Non-Current Investments
- Lower contribution from renewable businesses due to lower PLF on account of inclement weather conditions and partial commissioning of solar project currently under stabilisation period
- Capex & commissioning of additional renewable generation capacities lead to increase in Finance & Depreciation Costs.
The Company enjoys a strong balance sheet position with one of the best financial ratios amongst private players in the power sector with Net Debt: Equity ratio of 0.40 and Net Debt : EBITDA ratio of 1.41 as on March 31, 2025.
Commenting on the performance, the Company’s Chairman, Mr. Samir Mehta said, “FY 25 was a transformative year for the Company, marked by significant advancements across operational, financial and strategic growth initiatives. During the year, the Company completed its highly successful maiden equity raise of Rs. 3,500 crores through QIP; which was also the first equity raise by the Torrent Group in the last three decades. The successful completion of the issue, with 4 times oversubscription, underscores TPL’s strong credentials and highlights the company’s future growth prospects as one of the fastest growing in the country’s power sector. The Company made significant progress in building on its strategic initiatives by entering into first-of-its-kind in India,
Energy Storage Facility Agreement (ESFA) with MSEDCL for supplying 2,000 MW / 16,000 MWh Pump Storage Hydro power for 40 years. Our gas-based power projects were able to supply power in merchant market including NVVN tenders and under Sec 11, imposed first time on gas-based power plants by Government, contributing significantly to the bottom-line. Our Distribution business continued to set new operational benchmarks with Distribution loss of 2.34% in our licensed distribution business. This achievement is a testament of our operational capabilities and is the lowest Distribution loss in the country and is comparable to global benchmarks. In our franchised distribution areas, Agra achieved its historic low AT&C losses of 6.94% compared to 58.77% when we took over the operations in Agra in 2010.”
“The Company is well-poised for the next phase of growth with under-construction pipeline of more than 3 GW of renewable projects & 3 GW of Pump Storage Hydro power project alongwith a robust balance sheet endeavouring to deliver sustainable growth for our shareholders.”
The Board of Directors has recommended final dividend of ₹ 5.00 per equity share for FY 25. The total dividend for FY 25 stands as ₹ 19.00 per equity share, comprising of interim dividend of ₹ 14.00 per equity share and final divided of ₹ 5.00 per equity share.
