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Torrent Power’s Q3 Profit Rises 31%

Torrent Power, a Gujarat-based energy company, reported a 31% year-over-year (YoY) rise in profit after tax (PAT) for Q3 FY 2025, reaching ?489 Cr in the previous year. The increase was driven by higher power demand due to cold weather and a one-time Rs77 Cr gain in cable sales. The company's revenue from operations grew by 2% YoY to Rs6499 Cr.

Earnings before interest, tax, depreciation, and amortization (EBITDA) increased by 17% YoY to Rs1284 Cr.

In Q3, Torrent Power executed an energy storage facility agreement with the Maharashtra State Electricity Distribution Company to develop and supply 2,000 MW / 16,000 MWh pumped storage hydro power. The company also commissioned a 300 MW solar project.

For the first nine months (9M) of FY 2024, Torrent Power’s PAT increased by 37% YoY to Rs1974 Cr while revenue from operations rose 9.9% to Rs22709 Cr.

In terms of renewable energy, Torrent Power has 741 MW of operational solar capacity with 1,546 MW under development. The company’s wind portfolio includes 921 MW of operational capacity and 1,419 MW under development. Overall, Torrent Power has an installed generation capacity of 4,754 MW, including 2,730 MW of gas-based, 1,662 MW of renewable, and 362 MW of coal-based capacity. An additional 2,965 MW of renewable projects are under development, bringing its total capacity, including projects under construction, to 7,719 MW.

Torrent Power’s strong financial performance, ongoing renewable energy expansion, and strategic agreements position the company as a key player in India's growing power sector.