Shares of Torrent Power declined nearly 6% on Wednesday after the company reported a sharp fall in consolidated net profit for the fourth quarter ended March 2026, even though operational performance remained largely stable.
The stock came under pressure as investors reacted to the steep 70% year-on-year decline in profit after tax, which overshadowed modest growth in EBITDA and improvement in margins.
Torrent Power Q4 Results 2026
Torrent Power reported consolidated revenue of Rs 6,406 crore for Q4FY26, marginally lower than Rs 6,456 crore recorded in the same quarter last year, reflecting a decline of 0.8%.
The company’s EBITDA rose 1.7% year-on-year to Rs 1,149 crore from Rs 1,131 crore. EBITDA margin improved by 40 basis points to 17.9% compared to 17.5% in the year-ago period, indicating better operational efficiency.
However, consolidated net profit dropped sharply to Rs 318 crore versus Rs 1,059 crore in the corresponding quarter last year, marking a 70% decline.
Why Torrent Power Shares Fell
The sharp decline in profitability appears to be the key reason behind the selloff in Torrent Power shares.
While revenue and operating profit remained relatively steady, the significant drop in net profit raised concerns among investors about earnings quality and overall bottom-line pressure.
Note: All prices and changes are as of 9:32 AM IST on May 13 2026. Market prices are volatile and continue to change. This is for informational purposes only and does not constitute investment advice. For the latest updates, please check the official NSE website.