Torrent Power Limited · NSE:TORNTPOWER
Torrent Power — Q4 FY2025-26 Earnings Presentation
29 slides from Torrent Power's earnings presentation, May 12, 2026
Slide 1: Exchange filing cover letter
May 12, 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 SCRIP S
Slide 2: Investor Presentation Q4 FY 2025-26
s Investor Presentation Q4 FY 2025-26
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: #1 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: #2 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. ₹ 80,000Cr1) Green hydrogen / Thermal Generation Renewable Generation Distribution PSP Transmission Green Ammonia Gas based plants: Solar: Licensed 2,730 MW – Operational (A
Slide 9: Pan India Footprint with Presence in Key States
Pan India Footprint with Presence in Key States Wind Solar Gas Coal Transmission GUJARAT RAJASTHAN Wind (615 MW) Wind (24 MW) Distribution Licensee Distribution Franchisee Solar (583 MWp) AMGEN (362 MW) UTTAR PRADESH Operational Capacity (MWp) Agra SUGEN & UNOSUGEN (1530 MW) DGEN (1200 MW) Transmiss
Slide 10: Operational Capacity to Grow from ~5.1 GWp to ~10.6 GWp
Operational Capacity is estimated to Grow from ~5.1 GWp to ~10.6 GWp Backed by Robust Renewable Capacity Addition Installed Capacity Installed Capacity (including Pipeline) Solar 1,081 21% Gas Solar, Coal + RE PIPELINE 2,730 2,868 , (26%) (27%) Coal Wind Solar (29%) (39%) (32%) 10,644 MWp 5,094 MWp
Slide 11: #1: Snapshot of Operating Thermal Assets
#1: Snapshot of Operating Thermal 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) I
Slide 12: #2: Snapshot of Under Development Thermal Assets
#2: Snapshot of Under Development Thermal Assets Strategic Expansion in Thermal Power Project Overview Capacity: 1,600 MW (2x800 MW) Location: Madhya Pradesh Technology: Ultra-Supercritical (high efficiency, lower emissions) Model: DBFOO – Design, Build, Finance, Own, Operate Project Hig
Slide 13: #3: 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: #4: Snapshot of Franchisee Distribution Assets
#4: Snapshot of Franchisee Distribution Assets Bhiwandi Agra Licensed Area Peak Demand (FY26) License validity Licensed Area Peak Demand (FY26) License validity ~ 721 634 25th Jan 2027 ~ 221 588 31st March sq. km. MVA [The license validity for the Bhiwandi area can be sq. km. MVA 2030 extended by fi
Slide 15: #5: Transmission - Current Operations and Future Projects
#5: Transmission - Current Operations and Future Projects Existing Transmission Portfolio Operations are conducted through Torrent Power Grid Limited (TPGL), a subsidiary wherein Torrent holds 90.25% & Power Grid Corporation of India Limited holds 9.75%. 400 kV Double-Circuit Transmission Lines:
Slide 16: #6: Target to Increase Renewable Portfolio to ~5.95 GWp
#6: Target to Increase Renewable Portfolio to ~5.95 GWp Renewable Energy Projects in Pipeline Contracted Capacity Under Expected Tariff in Project Technology Capacity Installation Off-taker Project Cost Remarks Rs/Unit (MW) (MWp**) (Rs in Cr) Part project commissioned; SCOD extensions MSEDCL 306* 36
Slide 17: #7: Pumped Storage Hydro Projects
#7: 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 • Agreement: Executed Energy Storage Facility Agreement w
Slide 18: #3 Performance Overview
#3 Performance Overview TORRENT 17
Slide 19: Overview of Operations – Q4/ FY 2025-26
Overview of Operations – Q4/ FY 2025-26 Rs in Crore Q4 25-26 Q4 24-25 % Growth FY 25-26 FY 24-25 % Growth Revenue from Operations 6,407 6,456 (1%) 28,966 29,165 (1%) Power Purchase Cost 4,205 4,366 18,998 20,168 Material Cost & Change in Inventory 295 382 1,594 1,317 Contribution 1,907 1,708 12% 8,3
Slide 20: Overview of Operations – FY 2025-26
Overview of Operations –FY 2025-26 Total Comprehensive Income for FY 2025-26 stood at ₹ 2,514 Cr as compared to ₹ 3,059 Cr for FY 2024-25. Adjusting for one-time, non-cash reversal of deferred tax liabilities of ₹ 637 Cr in FY 2024-25, TCI for the year improved by ₹ 92 Cr driven mainly by following:
Slide 21: #1: Overview of Operations – Thermal Power
#1: Overview of Operations – Thermal Power Thermal PLF % 72% 71% 12% 13% 13% 14% 0% 3% 0% 0% 5% 6% SUGEN UNOSUGEN DGEN GAS AMGEN THERMAL Q4-25 Q4-26 81% 78% 34% 27% 31% 25% 20% 24% 17% 11% 15% 11% SUGEN UNOSUGEN DGEN GAS AMGEN THERMAL FY25 FY26 20
Slide 22: #2: Overview of Operations – Renewable Power
#2: Overview of Operations – Renewable Power Renewable Power PLF % Q4-25 Q4-26 18.9% 17.6% 18.0% 22.9% WIND 921 MW/ 921 MW SOLAR 825 MWp / 1,081 MWp FY25 FY26 24.2% 24.5% 16.4% 20.3% WIND 921 MW/ 921 MW SOLAR 825 MWp / 1,081 MWp 21 PLF on contracted capacity
Slide 23: #3: Overview of Operations – Power Distribution
#3: Overview of Operations – Power Distribution USO/Purchase (MUs) 2,680 2,719 Q4 FY25 Q4 FY26 1,951 1,877 956 967 995 1,023 429 455 207 204 211 214 Ahmedabad Surat DDDNH Dahej Bhiwandi Agra SMK USO/ Purchase (MUs) FY25 FY26 10,742 11,030 9,229 9,112 4,107 4,064 4,115 3,972 2,483 2,507 830 811 900 8
Slide 24: #4: 5 Year Trend - Operational Statistics
#4: 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 25: 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 26: Comfortable Leverage Provides Headroom to Capitalise on Emerging 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 27: #4 Key Highlights
#4 Key Highlights 26 26
Slide 28: 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 29: 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 28 28