Torrent Power Q2 PAT up 13% to ₹838 Crore

Torrent Power Limited (TORNTPOWER) reported Q2FY27 PAT of ₹838 Cr, up 12.9% YoY from ₹742 Cr. Revenue rose 24.5% to ₹9,802 Cr from ₹7,876 Cr. EBITDA stood at ₹1,739 Cr, up 15.5% from ₹1,506 Cr a year ago. EBITDA margin narrowed to 18% from 19% YoY. The growth was supported by stronger performance in distribution and renewable energy businesses, along with the consolidation of the Nabha acquisition. Higher finance costs partly offset the improvement in operating performance. The key triggers are the 24.5% revenue growth to ₹9,802 Cr and the 13% rise in PAT to ₹838 Cr, aided by renewables and the Nabha acquisition. This reflects healthy demand across distribution and generation segments. Peers such as Tata Power, Adani Power and NTPC may face comparison on quarterly growth and margin trends. Near-term prices could react positively to the robust top-line and profit growth. Risks include sustained higher finance costs, margin pressure, or slower renewable project ramp-up. Competitors listed: Tata Power, Adani Power, NTPC. We have no financial interest in this news.