Torrent Power Limited · NSE:TORNTPOWER
Torrent Power — Q3 FY2025-26 Earnings Presentation
26 slides from Torrent Power's earnings presentation, Feb 10, 2026
Slide 1: Filing cover letter to BSE and NSE
February 10, 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 Q3 FY 2025-26
s Investor Presentation Q3 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: Torrent Group Overview
#1 Torrent Group Overview
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 Distribution strong global footprint Integrated Power Utility with presence (CGD) business now has 17 oper
Slide 7: Company Overview
#2 Company Overview 6
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. ₹ 65,830 Cr1) Green hydrogen / Thermal Generation Renewable Generation Distribution PSP Transmission Green Ammonia Solar: Licensed ~8.4 GW across Uttar Pradesh and Gas based
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 ~5.0 GWp to ~10.6 GWp
Operational Capacity is estimated to Grow from ~5.0 GWp to ~10.6 GWp Backed by Robust Renewable Capacity Addition Installed Capacity Installed Capacity (including Pipeline) Solar 1,026 21% Gas Solar, 2,730 2,867 , (26%) (27%) Coal + RE PIPELINE Coal Wind Solar (28%) (39%) (33%) 10,643 MWp 5,039 MWp
Slide 11: 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: 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: Snapshot of Licensed Distribution Assets
#3: Snapshot of Licensed Distribution Assets Ahmedabad / Gandhinagar Surat Customer Base (FY25) Peak Demand (FY25) Licensed Area Customer Base (FY25) Peak Demand (FY25) Licensed Area ~ 356 sq. km. >21 lakh 2,117 MW ~ 52 sq. km. >6 lakh 812 MW Highlights Highlights ✓ Distribution loss of 3.33% (FY25)
Slide 14: Snapshot of Franchisee Distribution Assets
#4: Snapshot of Franchisee Distribution Assets Bhiwandi Agra Licensed Area Peak Demand (FY25) License validity Licensed Area Peak Demand (FY25) License validity ~ 721 609 25th Jan 2027 ~ 221 572 31st March sq. km. MVA [The license validity for the Bhiwandi area can be sq. km. MVA 2030 extended by fi
Slide 15: Transmission - Current Operations and Future Projects
#5: Transmission - Current Operations and Future Projects Existing Transmission Portfolio 400 kV Double-Circuit Transmission Lines: 355 km & 220 kV Double-Circuit Transmission Lines: 128 km Operations are conducted through Torrent Power Grid Limited (TPGL), a subsidiary wherein Torrent holds 90.
Slide 16: 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: 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
Slide 18: Performance Overview
#3 Performance Overview 17
Slide 19: Overview of Operations – Q3/ FY 2025-26
Overview of Operations – Q3/ FY 2025-26 Rs in Crore Q3 25-26 Q3 24-25 % Growth YTD 25-26 YTD 24-25 % Growth FY 24-25 Revenue from Operations 6,778 6,499 4% 22,560 22,709 (1%) 29,165 Power Purchase Cost 4,079 4,438 14,793 15,801 20,168 Material Cost & Change in Inventory 574 393 1,299 936 1,317 Contr
Slide 20: Overview of Operations – Q3/ FY 2025-26
Overview of Operations – Q3/ FY 2025-26 Total Comprehensive Income for Q3 FY 2025-26 stood at ₹ 637 Cr as compared to ₹ 490 Cr for Q3 FY 2024-25. Higher TCI of ₹ 147 Cr for the quarter on a year-on-year is primary attributable to following: Increase in contribution from gas-based power plants; I
Slide 21: Overview of Operations – Thermal Power
#1: Overview of Operations – Thermal Power Thermal PLF % 74% 61% 13% 17% 14% 17% 13% 4% 9% 7% 0% 0% SUGEN UNOSUGEN DGEN GAS AMGEN THERMAL Q3-25 Q3-26 84% 80% 41% 36% 31% 27% 30% 28% 14% 20% 14% 21% SUGEN UNOSUGEN DGEN GAS AMGEN THERMAL YTD-25 YTD-26 20
Slide 22: Overview of Operations – Renewable Power
#2: Overview of Operations – Renewable Power Renewable Power PLF % Q3-25 Q3-26 17.3% 18.6% 15.3% 20.0% WIND 921 MW/ 921 MW SOLAR 741 MWp / 1,026 MWp YTD-25 YTD-26 25.9% 26.7% 15.6% 19.3% WIND 921 MW/ 921 MW SOLAR 741 MWp / 1,026 MWp PLF on contracted capacity 21
Slide 23: Overview of Operations – Power Distribution
#3: Overview of Operations – Power Distribution USO/Purchase (MUs) 2,698 2,714 Q3 FY25 Q3 FY26 2,012 1,873 946 911 994 1,020 502 466 212 183 211 205 Ahmedabad Surat DDDNH Dahej Bhiwandi Agra SMK T&D Loss – Licensed Distribution (%) T&D Loss – Franchised Distribution (%) YTD-FY25 YTD-FY25 3.41% 3.34%
Slide 24: Key Highlights
#4 Key Highlights 23
Slide 25: 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 26: 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 25