Press release on Q1 FY 27 results
RESULTS
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 03 Aug 2026, 05:32 PM IST · BSE ID: 27e930a1-463c-43eb-81c6-7492c92f720f
View Original BSE Filing (PDF)
💡
In Simple Terms
Torrent Power's Q1 FY27 revenue grew to ₹8,124 Crs, and it completed the acquisition of Nabha Power Limited for ₹3,632.35 Crore.
🤖 AI Summary
- Torrent Power reported Q1 FY27 consolidated revenue from operations of ₹8,124 Crs.
- Q1 FY27 consolidated EBITDA stood at ₹1,619 Crs, marking a 2% growth YoY.
- Total Comprehensive Income for Q1 FY27 was ₹639 Crs, down from ₹739 Crs YoY.
- Acquisition of Nabha Power Limited for ₹3,632.35 Crore was completed on June 25, 2026.
- Distribution and Renewable Energy businesses recorded EBITDA growth of 10% and 6% respectively.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Revenue from Operations (Q1 FY27)
₹8,124 Crs
2.76%
Revenue from Operations (Q1 FY26)
₹7,906 Crs
EBITDA (Q1 FY27)
₹1,619 Crs
1.95%
EBITDA (Q1 FY26)
₹1,588 Crs
Total Comprehensive Income (Q1 FY27)
₹639 Crs
-13.53%
Total Comprehensive Income (Q1 FY26)
₹739 Crs
Nabha Power Limited Acquisition Consideration
₹3,632.35 Crore
🏢 How This Affects the Company
The acquisition of Nabha Power Limited, which operates a 2x700 MW coal-based thermal power plant, expands Torrent Power's generation capacity by 1.4 GW, increasing its total installed generation capacity to 6.6 GWp and diversifying its fuel mix. Improved operational performance in distribution and renewable segments contributes to business stability.
Higher finance costs, resulting from increased borrowings for under-construction assets and the ₹3,632.35 Crore acquisition of Nabha Power Limited, impacted Total Comprehensive Income. The full utilization of ₹3,800 Crore NCDs (as per previous filing context) indicates increased leverage to fund growth and acquisitions.
The integration of Nabha Power Limited's 2x700 MW coal-based supercritical thermal power plant into Torrent Power's operations expands its operational footprint and generation portfolio in Punjab. Enhanced performance in existing distribution and renewable energy assets indicates optimized operations in these segments.
The increased reliance on borrowings for strategic investments, including the Nabha Power acquisition and under-construction projects, elevates financial leverage, leading to higher finance costs. Exposure to geopolitical disruptions affecting LNG supplies remains a factor impacting thermal power plant performance.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this financial results and acquisition completion announcement.
👤
Who Is Affected
All shareholders are affected by the company's financial performance, including the 2.76% increase in revenue and 2% EBITDA growth. The acquisition completion impacts the company's asset base and financial structure.
🔍
Management Signal
Management is focused on strategic expansion, evidenced by the acquisition of Nabha Power Limited, and is navigating operational challenges to deliver growth in key business segments.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q2 FY27 results — evaluate impact of Nabha Power acquisition on financials.
Updates on under-construction renewable projects totaling ~4.2 GWp.
Details on the operational performance of recently acquired Nabha Power Limited.
MEDIUM RISK
Higher finance costs from increased borrowings and geopolitical risks affecting LNG supplies are noted.
💡 Investor Takeaway
Torrent Power reported Q1 FY27 consolidated revenue of ₹8,124 Crs, up 2.76% from ₹7,906 Crs in Q1 FY26. Consolidated EBITDA increased 2% to ₹1,619 Crs. The ₹3,632.35 Crore acquisition of Nabha Power Limited, adding 1.4 GW coal capacity, was completed on June 25, 2026.
⚖️ Strengths & Concerns
✅ Positives
- Revenue from Operations increased to ₹8,124 Crs in Q1 FY2026-27, up from ₹7,906 Crs in Q1 FY2025-26, indicating top-line growth.
- Acquisition of Nabha Power Limited for ₹3,632.35 Crore adds 1.4 GW of coal-based thermal capacity, enhancing generation portfolio and long-term PPAs.
⚠️ Concerns
- Total Comprehensive Income decreased to ₹639 Crs in Q1 FY2026-27 from ₹739 Crs in Q1 FY2025-26, impacted by higher finance costs.
- Thermal power plant performance was affected by geopolitical disruptions impacting LNG supplies, despite overall EBITDA growth.
📅 Company Track Record
Torrent Power previously disclosed Q1 FY27 standalone profit at ₹587.15 Crore and the full utilization of ₹3,800 Crore NCDs on August 03, 2026. This press release provides consolidated figures and acquisition details, complementing the prior board outcome filing.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Torrent Power's consolidated revenue from operations in Q1 FY27?
Torrent Power's consolidated revenue from operations in Q1 FY27 was ₹8,124 Crs, an increase from ₹7,906 Crs in Q1 FY26.
What was Torrent Power's consolidated EBITDA in Q1 FY27?
Torrent Power reported a consolidated EBITDA of ₹1,619 Crs in Q1 FY27, compared to ₹1,588 Crs in Q1 FY26.
What was Torrent Power's Total Comprehensive Income in Q1 FY27?
Torrent Power's Total Comprehensive Income for Q1 FY27 was ₹639 Crs, which decreased from ₹739 Crs in Q1 FY26.
What significant acquisition did Torrent Power complete in Q1 FY27?
Torrent Power completed the acquisition of Nabha Power Limited on June 25, 2026, for a consideration of ₹3,632.35 Crore.
What impacted Torrent Power's Total Comprehensive Income in Q1 FY27?
Total Comprehensive Income was impacted by higher finance costs due to increased borrowings for strategic investments in under-construction assets.
Questions based on this BSE filing only. For information purposes.