Torrent Power (TORNTPOWER) Q4 24/25 earnings summary

Executive summary

• Reported consolidated net profit for FY 2024-25 was ₹3,058.61 crore, up 61% year-over-year, driven by strong gas-based and distribution business performance, and a one-time deferred tax reversal.

• Revenue from operations grew 7% year-over-year to ₹29,165.26 crore in FY 2024-25.

• Board recommended a total dividend of ₹19 per share for FY 2024-25.

• Audited standalone and consolidated financial results for the year and quarter ended March 31, 2025, were approved with unmodified auditor opinions.

• Approval granted for raising up to ₹3,000 crore via non-convertible debentures through private placement.

Financial highlights

• EBITDA for FY 2024-25 increased 18% to ₹5,795 crore; contribution margin rose 15% to ₹7,680 crore.

• Standalone revenue from operations for FY 2024-25 was ₹21,912.55 crore, up from ₹19,956.96 crore year-over-year.

• Standalone net profit for FY 2024-25 was ₹2,851.01 crore; consolidated net profit margin was 10.49%.

• Earnings per share (standalone) for FY 2024-25 was ₹58.41; consolidated EPS was ₹61.23.

• Distribution loss in licensed business was 2.34%, among the lowest in India.

Outlook and guidance

• Targeting a renewable energy portfolio of 4.9 GW, with ~2.1 GW contracted and ~3.1 GW under installation.

• FY26 will be a heavy CapEx year, especially for renewables, with major commissioning in 2026 and 2027.

• Board approved raising funds via non-convertible debentures to support future growth and capital requirements.

• Strategic focus on green hydrogen, pumped storage hydro, and flexible generation to supply RTC power.

• Selective participation in competitive bidding for transmission projects and brownfield expansion.