Financial Highlights – Torrent Power Limited (NSE: TORNTPOWER) Q3FY26 Update

• Net Profit surged 35.2% YoY to ₹643 crore, compared with ₹475.6 crore in Q3 last year.
• Revenue rose 4.3% YoY to ₹6,777.8 crore, supported by steady operational performance.
• EBITDA jumped 26.2% YoY to ₹1,403 crore versus ₹1,111.9 crore.
• EBITDA margin expanded to 20.7%, up from 17.1%, reflecting improved operating efficiency.
• Dividend Announcement
• Board approved an interim dividend of ₹15 per equity share (FV ₹10) for FY2025–26.
• Dividend payable on or before March 12, 2026.
• Record date: February 16, 2026.

Torrent Power Limited (NSE: TORNTPOWER)

Torrent Power Limited declined 5.27% to ₹1,404.80 on 11 February 2026, reflecting profit-booking following its recent earnings-led advance. Despite the near-term decline, the company’s integrated presence across generation, transmission, and regulated distribution continues to provide visibility to its earnings. Stable electricity demand, gradual improvements in operating efficiency, and ongoing additions to renewable capacity remain supportive of the broader outlook. Elevated trading volumes indicate continued market participation, suggesting the move may represent consolidation rather than a change in the underlying trend.

Q3 FY26 Results: Torrent Power Limited Q3FY26: Earnings Growth Backed by Efficiency Gains

Torrent Power delivered improved quarterly performance with net profit rising 35.2% YoY to ₹643 crore, driven by operational discipline and cost optimisation. Revenue increased to ₹6,777.8 crore, supported by stable performance across generation and regulated distribution businesses.

EBITDA advanced to ₹1,403 crore, while margins expanded to 20.7%, reflecting improved plant efficiency and better expense control. The company also announced a ₹15 interim dividend, highlighting healthy cash flows and balance sheet stability amid steady demand conditions.

Technical View: Torrent Power Limited Declines 5% — Testing Support After Recent High?

From a technical perspective, Torrent Power Limited fell 5.27% to ₹1,404.80 on 11 February 2026, following profit-booking after testing the ₹1,479.70 zone. Despite the decline, the stock remains above its 50-day SMA at ₹1,329.80, which continues to act as dynamic support. The broader structure reflects higher lows in recent months. The 14-day RSI stands at 54.79, easing toward the neutral zone. Immediate support is seen near ₹1,330.00–₹1,270.00, while resistance is placed around ₹1,500.00–₹1,640.00.

Bottom Line: Torrent Power Off 31% High — Can Q3 Momentum Anchor Stability?

Despite a 31% retreat from its recent high, Torrent Power’s Q3FY26 performance reflects improved margins, steady cash flows, and dividend support. While near-term consolidation may persist, earnings visibility and operational efficiency could help stabilise the broader structure.

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