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Business EconomyPosted at: May 14 2025 8:52PM


Torrent Power net profit surges 63 pc in FY 2024-25

Ahmedabad, May 14 (UNI) Torrent Power Ltd on Wednesday reported a 63 percent jump in its total comprehensive income (net profit) for the financial year 2024-25 at Rs 3,059 crore, as against Rs 1,882 crore in the previous year.
The robust performance was attributed to increased contributions from its gas-based power plants and distribution businesses, lower tax outgo due to reversal of deferred tax liabilities of Rs 637 crore (a one-time, non-cash item), and gains from sale of non-current investments. However, the company’s renewable segment saw reduced contribution owing to lower plant load factor (PLF) from adverse weather and partial commissioning of solar projects under stabilisation.
Torrent Power’s revenue from operations rose seven percent to Rs 29,165 crore in FY25, compared to Rs 27,183 crore in FY24.
EBITDA grew 18 percent year-on-year to Rs 5,795 crore. For the fourth quarter, TCI jumped 142 percent to Rs 1,085 crore, even as revenue fell marginally by one per cent to Rs 6,456 crore.
Despite increased capex and commissioning of additional renewable generation capacity, leading to higher finance and depreciation costs, the company maintained a strong financial position with a Net Debt\\\\\\\\:Equity ratio of 0.40 and Net Debt/EBITDA ratio of 1.41 as of March 31, 2025.
Commenting on the results, Torrent Power Chairman Samir Mehta said, “FY25 was a transformative year for the company, marked by significant advancements across operational, financial and strategic growth initiatives. Our successful Rs 3,500 crore equity raise via QIP — the first by the Torrent Group in over three decades — reinforces investor confidence in our future prospects.”
He added that the company’s gas-based plants performed well in the merchant market and under Section 11 mandates, and the distribution segment set new operational benchmarks with a record-low distribution loss of 2.34 percent in licensed areas. In Agra, AT\\\\\\\\&C losses fell sharply to 6.94 percent from 58.77 percent in 2010.
Torrent Power has a strong pipeline, including over 3 GW of renewable projects and 3 GW of pump storage hydro capacity under development. The company also signed India’s first Energy Storage Facility Agreement with MSEDCL for supplying 2,000 MW/16,000 MWh of Pumped Storage Hydro Power over 40 years.
The Board has recommended a final dividend of Rs five per equity share, taking the total dividend for FY25 to Rs 19 per share, including an interim dividend of Rs 14.
Torrent Power, part of the Rs 45,000 crore Torrent Group, is an integrated power utility with operations spanning generation, transmission and distribution. It has an installed generation capacity of 4,838 MWp and distributes around 31 billion units of power annually to over 4.21 million customers across multiple states and Union Territories.
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