Torrent Power Q4 net profit zooms 146% to ₹1,060 crore on tax gains; declares dividend of ₹5

Torrent Power Ltd on Wednesday (May 14) reported a 146.3% year-on-year (YoY) jump in net profit at ₹1,059.6 crore for the fourth quarter that ended March 31, 2025. In the corresponding quarter of the previous fiscal, Torrent Power posted a net profit of ₹430.2 crore, the company said in a regulatory filing.

The rise in profit was driven by higher contributions from its gas-based power plants and growth in its licensed and franchised distribution businesses. Additionally, a significant reduction in tax expenses contributed to the earnings boost, primarily due to a one-time, non-cash reversal of deferred tax liabilities amounting to ₹637 crore. The company also booked gains from the sale of non-current investments.

The company's revenue from operations dipped 1.1% to ₹6,456.3 crore as against ₹6,528.6 crore in the corresponding period of the preceding fiscal. At the operating level, EBITDA rose 1.9% to ₹1,130.4 crore in the fourth quarter of this fiscal over ₹1,109 crore in the corresponding period in the previous fiscal.

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EBITDA margin stood at 17.5% in the reporting quarter as compared to 17% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.

Torrent Power reported a Total Comprehensive Income (TCI) of ₹1,085 crore for the fourth quarter of FY25, a 142% increase compared to ₹448 crore in the same period last year.

For the full year FY25, the company’s TCI stood at ₹3,059 crore, up 63% from ₹1,882 crore in FY24. As of March 31, 2025, the company reported a Net Debt-to-Equity ratio of 0.40 and a Net Debt-to-EBITDA ratio of 1.41.

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Torrent Power has recommended a final dividend of ₹5 per equity share on 50,39,03,543 equity shares of ₹10 each. If approved by shareholders at the upcoming Annual General Meeting (AGM), the dividend will be paid on or before September 4, 2025, subject to applicable tax deductions.

This comes in addition to an interim dividend of ₹14 per share already paid during Q4 FY25. The board has also approved the raising of funds through the issuance of non-convertible debentures (NCDs) of up to ₹3,000 crore via private placement, in one or more tranches.

The results came after the close of the market hours. Shares of Torrent Power Ltd ended at ₹1,450.50, up by ₹23.20 or 1.63% on the BSE.

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