Torrent Power Profit Crashes 70%, Board Approves Rs 10,000 Crore Fundraise

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AuthorSimar Singh|Published at:
Torrent Power Profit Crashes 70%, Board Approves Rs 10,000 Crore Fundraise
Overview

Torrent Power's fourth-quarter net profit plummeted 70% year-on-year to Rs 318.20 crore. Revenue saw a slight dip. The company's board approved a significant Rs 10,000 crore fundraise via non-convertible debentures and declared a final dividend of Rs 5 per share.

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Profit Plunge Amid Operational Stability

The drastic 70% year-on-year drop in net profit to Rs 318.20 crore for the fourth quarter of FY26 occurred despite a marginal 0.8% decrease in revenue from operations. While earnings before interest, taxes, depreciation, and amortization (EBITDA) managed a slight uptick of 1.7% to Rs 1,149 crore, indicating operational resilience, the bottom line was significantly impacted.

Strategic Fundraise and Dividend Approval

In parallel, the board greenlit a substantial fundraise of up to Rs 10,000 crore through non-convertible debentures (NCDs), a move likely aimed at bolstering capital reserves or financing future projects. Shareholders will receive a final dividend of Rs 5 per share, adding to the interim dividend paid earlier in the fiscal year. The company stated it will be disbursing close to Rs 252 crore for the final dividend payout.

Market Reaction

Following the results and announcements, Torrent Power shares ended Tuesday's trading session down 5% at Rs 1,597.60 on the National Stock Exchange. This underperformance contrasted with the broader market, as the benchmark Nifty index declined 1.83% during the same period.

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