Torrent Power Limited · NSE:TORNTPOWER
Torrent Power — Q2 FY2026-27 Earnings Presentation
27 slides from Torrent Power's earnings presentation, Nov 4, 2026
Slide 1: Exchange filing cover letter for Investor Presentation
November 04, 2026 To, To, Corporate Relationship Department Listing Department BSE Limited, National Stock Exchange of India Limited th 14 Floor, P. J. Towers, “Exchange Plaza”, C – 1, Block G Dalal Street, Fort, Bandra- Kurla Complex, Bandra (East), Mumbai-400001 Mumbai-400051 SCRIP CODE: 532779 SC
Slide 2: Investor Presentation Q2 FY 2026-27
s Investor Presentation Q2 FY 2026-27
Slide 3: Disclaimer
Disclaimer THIS PRESENTATION IS NOT AN OFFER TO SELL ANY SECURITIES OR A SOLICITATION TO BUY ANY SECURITIES OF TORRENT POWER LIMITED (THE “COMPANY or TPL”) OR ITS SUBSIDIARIES, ASSOCIATE, JOINT VENTURES TOGETHER WITH THE COMPANY, THE “GROUP” The material that follows is a presentation of general bac
Slide 4: Presentation Outline
Presentation Outline 01 Torrent Group Overview 02 Company Overview 03 Performance Overview 04 Key Highlights 3
Slide 5: Torrent Group Overview
#1 Torrent Group Overview TORRENT
Slide 6: Torrent Group
Torrent Group Torrent Pharmaceuticals Limited Torrent Power Limited Torrent Gas Limited* ◼ Generics pharmaceutical major with ◼ One of the leading private sector ◼ Incorporated in FY19, City Gas strong global footprint Integrated Power Utility with presence Distribution (CGD) business now has across
Slide 7: Company Overview
#2 Company Overview TORRENT
Slide 8: One of the Leading Private Sector Integrated Power Utility
One of the Leading Private Sector Integrated Power Utility Promoter Public 51.09% 48.91% Torrent Power Limited (Market Cap: c. ₹ 62,766 Cr1) Green hydrogen / Thermal Generation Renewable Generation * Distribution PSP Transmission Green Ammonia Solar 1,519 MWp: 1,137 MWp - Operational Licensed ~8.4 G
Slide 9: Pan India Footprint with Presence in Key States
Pan India Footprint with Presence in Key States GUJARAT RAJASTHAN Wind Solar Gas Coal Transmission Wind (615 MW) Wind (24 MW) Solar (583 MWp) Hybrid Distribution Licensee Distribution Franchisee PUNJAB Hybrid (181 MWp) AMGEN (362 MW) Coal (1,400 MW) Operational Capacity (MWp) SUGEN & UNOSUGEN (1530
Slide 10: Operational Capacity to Grow from ~6.8 GWp to ~12.7 GWp
Operational Capacity is estimated to Grow from ~6.8 GWp to ~12.7 GWp Backed by Robust Renewable Capacity Addition Installed Capacity Installed Capacity (including Pipeline) Solar Solar, Gas , 1,519 , 1,137 17% Coal + RE PIPELINE 2,730 , 12% Gas 22% 2,730 40% Coal Wind Solar Hybrid Wind, Wind (27%) (
Slide 11: Snapshot of Operating Gas Assets
#1: Snapshot of Operating Gas Assets Sugen Unosugen Capacity Capacity Plant Type Location COD Fuel Plant Type Location COD Fuel (MW) (MW) 1,147.5 Gas-based Surat, August Domestic 382.5 Gas-based Surat, April Domestic CCPP Gujarat 2009 Gas & CCPP Gujarat 2013 Gas & R-LNG (3 x 382.5) (1 x 382.5) Impor
Slide 12: Snapshot of Operating and Under-Construction Coal Assets
#2: Snapshot of Operating and Under-Construction Coal Assets Nabha Amgen Capacity Capacity Plant Type Location COD Fuel Plant Type Location COD Fuel (MW) (MW) 1,400 Supercritical Patiala, 2014 Domestic & 362 Coal Ahmedabad, 1988 Domestic & Coal based Punjab Imported (1 x 120, 2 x 121) Based Gujarat
Slide 13: Snapshot of Licensed Distribution Assets
#3: Snapshot of Licensed Distribution Assets Ahmedabad / Gandhinagar Surat Customer Base (FY26) Peak Demand (FY26) Licensed Area Customer Base (FY26) Peak Demand (FY26) Licensed Area ~ 356 sq. km. >21 lakh 1,967 MW ~ 52 sq. km. >6 lakh 764 MW Highlights Highlights ✓ Distribution loss of 3.35% (FY26)
Slide 14: Snapshot of Franchisee Distribution Assets
#4: Snapshot of Franchisee Distribution Assets Bhiwandi Agra Licensed Area Peak Demand (FY26) Licensed Area Peak Demand (FY26) ~ 721 634 ~ 221 588 sq. km. MVA sq. km. MVA Highlights Highlights ✓ Country's first of its kind distribution franchisee agreement with MSEDCL ✓ Reduction in AT&C losses from
Slide 15: Target to Increase Renewable Portfolio to ~6.59 GWp
#5: Target to Increase Renewable Portfolio to ~6.59 GWp Renewable Energy Projects in Pipeline Contracted Capacity Under Expected Tariff in Project Technology Capacity Installation Off-taker Project Cost Expected Commissioning/Remarks Rs/Unit (MW) (MWp) (Rs in Cr) SECI XVI Wind 100 122 3.60 SECI 925
Slide 16: Pumped Storage Hydro Projects
#6: Pumped Storage Hydro Projects 3 GW Pumped Storage Hydro Project – Under Development ➢ Project Capacity: 3,000 MW ➢ Location: Raigad District, Maharashtra ➢ Project Cost: ~14,000 Crore ➢ Tied-up Capacity: 2,000 MW / 16,000 MWh for 40 years with MSEDCL 300 MW/ 2400 MWh for 40 years with SECI Statu
Slide 17: Performance Overview
#3 Performance Overview TORRENT 16
Slide 18: Overview of Operations – Q2 26-27
Overview of Operations – Q2 26-27 Rs in Crore Q2 26-27 Q2 25-26 % Growth H1 26-27 H1 25-26 % Growth FY 25-26 Revenue from Operations 9,802 7,876 24% 17,926 15,782 14% 28,966 Power Purchase Cost 7,248 5,242 13,065 10,714 18,998 Material Cost & Change in Inventory 6 464 6 725 1,594 Contribution 2,548
Slide 19: Overview of Operations – Thermal Power
#1: Overview of Operations – Thermal Power Thermal Power PLF % 88.5% 86.8% 87.9% 33.9% 18.9% 21.4% 17.4% 25.2% 11.0% 16.6% 6.9% SUGEN UNOSUGEN DGEN GAS AMGEN NABHA* Q2-26 Q2-27 89.8% 82.9% 38.6% 22.9% 28.4% 21.4% 21.0% 15.5% 17.9% 10.4% SUGEN UNOSUGEN DGEN GAS AMGEN H1-26 H1-27 18 *Acquisition w.e.f
Slide 20: Overview of Operations – Renewable Power
#2: Overview of Operations – Renewable Power Renewable Power PLF % * 39.2% 38.5% 30.1% 16.0% 17.1% WIND 921 MW/ 921 MW SOLAR 949 MW/ 1137 MW HYBRID 254 MW Q2-26 Q2-27 36.2% 38.5% 30.8% 18.9% 21.4% WIND 921 MW/ 921 MW SOLAR 949 MW/ 1137 MW HYBRID 254 MW H1-26 H1-27 19 *PLF is on contracted capacity-
Slide 21: Overview of Operations – Power Distribution
#3: Overview of Operations – Power Distribution USO/Purchase (MUs) Q2 FY26 2,830 2,824 2,508 2,591 Q2 FY27 1,102 1,112 1,063 1,084 813 797 205 250 225 250 Ahmedabad Surat DDDNH Dahej Bhiwandi Agra SMK T&D Loss – Licensed Distribution (%) T&D Loss – Franchised Distribution (%) H1 26 H1 26 5.0% 5.0% H
Slide 22: 5 Year Trend - Operational Statistics
#3: 5 YEAR TREND - OPERATIONAL STATISTICS T&D loss (%) THERMAL PLF (%)* Licensed Distribution 4.2% 88% 81% 4.2% 91% 3.7% 77% 78% 3.3% 3.4% 3.4% 44% 37% 3.2% 34% 2.8% 2.8% 41% 40% 27% 2.8% 25% 31% 15% 33% 31% 0.5% 0.5% 0.4% 20% 0.5% 11% 0.5% 16% 0% 2% 9% 15% 11% 0% 21-22 22-23 23-24 24-25 25-26 21-22
Slide 23: Significant Ramp Up in Operations Over Last 5 Years
Significant Ramp Up in Operations Over Last 5 years Revenues from Operations (₹ Crore) EBIDTA (₹ Crore) 29,165 28,966 5,795 5,864 25,694 27,183 5,141 4,903 3,826 14,257 2021-22 2022-23 2023-24 2024-25 2025-26 2021-22 2022-23 2023-24 2024-25 2025-26 TCI* (₹ Crore) Net Worth^ (₹ Crore) 2,989 20,704 18
Slide 24: Comfortable Leverage Provides Headroom to Capitalise on Opportunities
Comfortable Leverage Provides Headroom to Capitalise on Emerging Opportunities Net Debt / EBITDA Net Debt Equity Ratio 2.24 2.25 2.06 0.80 0.82 0.80 0.56 1.97 0.40 1.41 21-22 22-23 23-24 24-25 25-26 21-22 22-23 23-24 24-25 25-26 Return on Capital Employed Return on Networth 19.1% 18.4% 14.0% 14.5% 1
Slide 25: Key Highlights
#4 Key Highlights 24 24
Slide 26: Key Highlights
Key Highlights One of the leading Indian conglomerate with significant experience in multiple businesses such as Pharma, Power and CGD Quality equipment sourced from major OEMs for the projects #1 Competitive advantage through direct LNG imports compared Being a part of Torrent Group enables
Slide 27: Thank You
THANK YOU Contact details: Rishi Shah Torrent Power Limited “Samanvay”, 600 Tapovan, Ambawadi, Ahmedabad 380015 Ph. No. (079) 26628473 Email: IR@torrentpower.com 26 28