Interim report
Page 1
TORRENT ProwER TORRENT POWER LIMITED CIN : L3 I 200a12004PLC044068 Regd. Office: "Samanvay", 600, Tapovan, Ambawadi, Ahmedabad - 380 015, Gujarat, India. Phone: 079 26628300; Website: www.torrentpower.com August 03, 2026 To, Corporate Relationship Department BSE Limited 14th Floor, P. J. Towers, Dalal Street, Fort, Mumbai-400 001 SCRIP CODE: 532779 To, Listing Department, National Stock Exchange of India Limited “Exchange Plaza”, C – 1, Block G Bandra- Kurla Complex, Bandra (East), Mumbai 400 051 SYMBOL: TORNTPOWER Dear Sir / Madam, Re: Disclosure pursuant to Regulation s 30 read with Schedule III and 33, 52(7) and 52(7A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Sub: Outcome of the Board Meeting dated August 03, 2026 We would like to inform you that the Board of Directors at its Meeting held today i.e. August 03, 2026 inter-alia, considered and approved the following: 1. Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026 alongwith Limited Review Reports of the Statutory Auditor thereon, attached herewith. 2. The statement of utilization and deviation / variation of Non -Convertible Debentures of ₹ 3,800 Crore (Series-15) issued by the Company during the quarter ended June 30, 2026, in accordance with Regulation 52 (7) and 52 (7A) of the Listing Regulations as per Annexure-I. The Board Meeting commenced at 02:30 pm and concluded at 04:00 pm. The above information is also available on the website of the Company. Thanking you. Yours faithfully, For Torrent Power Limited Rahul Shah Company Secretary & Compliance Officer Encl.: As above
Page 2
TORRENT ProwER TORRENT POWER LIMITED CIN : L3 I 200a12004PLC044068 Regd. Office: "Samanvay", 600, Tapovan, Ambawadi, Ahmedabad - 380 015, Gujarat, India. Phone: 079 26628300; Website: www.torrentpower.com Annexure - I A. Statement of utilization of issue proceeds (Series 15): Name of the Issuer ISIN Mode of Fund Raisin g (Public issues/ Private placem ent) Type of instrument Date of raising funds Amount Raised (₹ in Crore) Funds utilized Any deviati on (Yes / No) If Yes, then specify the purpos e of for which the funds were utilized Rem arks, if any Torrent Power Limited INE813H 07432 Private Placeme nt Secured, Rated, Listed, Taxable, Non- Cumulative, Redeemable, Non- Convertible Debentures 24- 06- 2026 750 750 No NA - INE813 H07440 1,000 1,000 INE813H 07465 1,000 1,000 INE813 H07457 1,050 1,050 B. Statement of deviation / variation in use of Issue proceeds: Nil Particulars Remarks Series – 15 Name of listed entity Torrent Power Limited Mode of fund raising Private placement Type of instrument Secured, Rated, Listed, Taxable, Non -Cumulative, Redeemable, Non-Convertible Debentures Date of raising funds June 24, 2026 Amount raised ₹ 3,800 Crore Report filed for quarter ended June 30, 2026 Is there a deviation / variation in use of funds raised? No Whether any approval is required to vary the objects of the issue stated in the prospectus/ offer document? No If yes, details of the approval so required? NA Date of approval NA Explanation for the deviation / variation NA Comments of the audit committee after review NA Comments of the auditors, if any NA
Page 3
TORRENT POD F TORRENT POWER LIMITED CIN : L3 I 200a12004PLC044068 Regd. Office: "Samanvay", 600, Tapovan, Ambawadi, Ahmedabad - 380 015, Gujarat, India. Phone: 079 26628300; Website: www.torrentpower.com Objects for which funds have been raised and where there has been a deviation / variation, in the following table: Original Object Modified Object, if any Original allocation Modified allocation, if any Fund utilised Amount of deviation / variation for the quarter according to applicable object Remarks, if any NA Deviation could mean: a. Deviation in the objects or purposes for which the funds have been raised. b. Deviation in the amount of funds actually utilized as against what was originally disclosed.
Page 4
Price 'Waterhouse Cluartered. Accountants LLP Review Report To The Board of Directors Torrent Power Limited `Samanvay', 6o0, Tapovan, Ambawadi, Ahmedabad - 380015 1. We have reviewed the standalone unaudited financial results of Torrent Power Limited (the "Company") for the quarter ended June 3o, 2026, which are included in the accompanying Statement of Standalone financial results for the quarter ended June 30, 2026 together with the notes thereon (the "Statement"). The Statement has been prepared by the Company pursuant to Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations, 2015"), which has been initialled by us for identification purposes. 2. This Statement, which is the responsibility of the Company's Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the Statement has not been prepared in all material respects in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India and has not disclosed the information required to be disclosed in terms of Regulation 33 and Regulation 52 read with Regulation 63 of the Listing Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement. For Price Waterhous ha red Accountants LLP Firm Registration -r: oi2754N/N5000i6 Priyans ut dana 4) Partner ./ / Mem r ip Number: 109553 / D : 2, k0c 1SCS‘ZSQZ \MT,OaCt P1 ce: Ahn edabad D te: Aug st 3, 2026 Price Waterhouse Chartered Accountants LLP, 17th Floor, Shapath V, Opp. Karnavati Club, S G Highway Ahmedabad - 380 051, Gujarat, India T: +91 (79) 69247156 Registered office and Head office: 11-A, Vishnu Digarnber Marg, Sucheta Bhawan, New Delhi - 110002 Price Waterhouse (a Partnership Firm) converted into Price Waterhouse Chartered Accountants LLP (a Limited Liability Partnership with LLP identity no: LLPIN AAC-5001) with effect from July 25, 2014. Post its conversion to Price Waterhouse Chartered Accountants LLP, its ICAI registration number is 012754N/N500016 (ICAI registration number before conversion was 012754N)
Page 5
TORRENT POWER LIMITED Registered Office: "Samanvay", 600, Tapovan, Ambawadi, Ahmedabad - 380 015, Ph.: 079-26628000 CIN: L31200GJ2004PLC044068; Website: www.torrentpower.com; E-mail: cs@torrentpower.com STATEMENT OF STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2026 Particulars (₹ in Crore except per share data) For the quarter ended For the year ended 30.06.2026 31.03.2026 30.06.2025 31.03.2026 Un-Audited Refer note 4 Un-Audited Audited Income Revenue from operations 6,048.71 4,480.02 6,167.04 21,850.03 Other income 183.22 169.04 172.60 685.95 Total income 6,231.93 4,649.06 6,339.64 22,535.98 Expenses Electrical energy purchased 3,280.53 2,245.59 2,644.05 9,683.53 Fuel cost 1,091.68 515.07 1,551.34 3,944.21 Purchase of stock-in-trade 294.86 261.10 1,593.67 Employee benefits expense 149.58 139.61 159.03 601.15 Finance costs 206.75 175.97 163.94 695.58 Depreciation and amortisation expense 271.28 299.28 276.76 1,136.39 Other expenses 426.62 354.29 380.97 1,531.04 Total expenses 5,426.44 4,024.67 5,437.19 19,185.57 Profit before tax 805.49 624.39 902.45 3,350.41 Tax expense - Current Tax 196.45 181.73 195.12 679.63 - Deferred tax 21.89 10.76 22.44 95.67 Total tax expense 218.34 192.49 217.56 775.30 Profit for the period 587.15 431.90 684.89 2,575.11 Other comprehensive income : Items that will not be reclassified to profit or loss (2.78) 16.17 0.44 (10.71) Tax relating to Items that will not be reclassified to profit or loss (0.70) 6.70 0.15 (2.70) Items that will be reclassified subsequently to profit or loss (24.81) 89.32 (3.24) 69.41 Tax relating to Items that will be reclassified subsequently to profit or loss (6.24) 24.06 (1.13) 17.10 Other comprehensive income for the period (net of tax) (20.65) 74.73 (1.82) 44.30 Total comprehensive income for the period 566.50 506.63 683.07 2,619.41 Paid up equity share capital (F.V. ₹ 10/- per share) 503.90 503.90 503.90 503.90 Reserves excluding revaluation reserves as per balance sheet of previous accounting year 18,563.85 Earnings per share (of ₹ 10/- each) (not annualised) (a) Basic (₹) 11.65 8.57 13.59 51.10 (b) Diluted (₹) 11.65 8.57 13.59 51.10 ose Chartereti e° ‘..vykt4 MC -5O1 P i'N 04 2751iNitl° Ahmedabad 6 r- 11
Page 6
Notes: On February 16, 2026, the Company has entered into a Securities Purchase Agreement (SPA) with L&T Power Development Limited (L&TPDL), a wholly owned subsidiary of Larsen & Toubro Limited (L&T) for acquisition of 100% equity shares and convertible instruments of Nabha Power Limited (NPL). The transaction was completed on June 25, 2026, for a total consideration of ₹ 3,632.35 Crore. Consequently, NPL has become wholly owned subsidiary of the Company w.e.f. June 25, 2026 ("Acquisition date"). NPL is engaged in the generation of electricity via its 2X700 MW coal based Supercritical Thermal Power Plant located in Punjab, having long term Power Purchase Agreements (PPAs) for the period of 25 years effective from 2014 with Punjab State Power Corporation Limited (PSPCL). 2 In accordance with Ind AS 108 — 'Operating Segment' the Company has disclosed the segment information in the consolidated financial results and therefore no separate disclosure on segment information is given in the standalone financial results. 3 The immovable and movable assets of the Company, both present and future, are mortgaged and hypothecated by way of first pari passu charge in favour of holders of secured Non-Convertible Debentures (NCD) along with lenders of term loans, fund-based working capital facilities and non-fund based credit facilities, availed by the Company except some assets which, in terms of respective financing documents (including Loan agreements, Debenture Trust deed, Working Capital Facility agreements), are carved out of security provided to lenders / debenture holders. 4 Figures for the quarter ended March 31,2026 are the balancing figures between audited figures for the full financial year ended March 31, 2026 and the published year to date figures upto the third quarter of the said financial year. 5 The above standalone financial results have been reviewed by Audit Committee and the same have been subsequently approved by the Board of Directors in their respective meetings held on August 03, 2026. 6 Refer Annexure I for disclosure required pursuant to Regulation 52(4), 54(3) and 63(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). For, TORRENT POWER LIMITED Place : Ahmedabad Jinal Mehta Date : August 03, 2026 Vice Chairman & Managing Director vose 'levet I fire° AAC-5001 yak Fp?, 'vol.27soliNW0 Ahmedabad
Page 7
ANNEXURE I: Disclosures pursuant to Regulation 52(4), 54(3) & 63(2) of Securities and Exchange Board of India (Listing Obligations and Disclosures Requirement) Regulations, 2015 (as amended) (Standalone): Regulati on No. Particulars For the quarter ended For the year ended 30.06.2026 31.03.2026 30.06.2025 31.03.2026 52(4)(c) Debt equity ratio 0.78 0.57 0.38 0.57 52(4)(f) Debt service coverage ratio 3.89 1.25 5.08 2.98 52(4)(g) Interest service coverage ratio 5.84 6.77 8.53 7.98 52(4)(h) Outstanding redeemable preference shares (quantity and value) NA NA NA NA 52(4)(i) Capital redemption reserve / Debenture redemption reserve (₹ in Crore) - - - - 52(4)0) Net worth (₹ in Crore) 19,634.25 19,067.75 18,139.22 19,067.75 52(4)(k) Net Profit after tax (other than other comprehensive income) (₹ in Crore 587.15 431.90 684.89 2,575.11 52(4)(1) Earnings per share (₹ ) (not annualised) 11.65 8.57 13.59 51.10 52(4)(m) Current ratio 1.53 1.90 1.93 1.90 52(4)(n) Long term debt to working capital 4.61 2.98 1.85 2.98 52(4)(o) Bad debts to account receivable (not annualised) 0.10% -1.41% -2.16% -3.33% 52(4)(p) Current liability ratio 0.22 0.22 0.26 0.22 52(4)(q) Total debts to total assets 0.43 0.35 0.25 0.35 52(4)(r) Debtors turnover (not annualised) 3.06 2.60 3.12 12.82 52(4)(s) Inventory turnover (not annualised) 10.55 9.54 11.20 41.54 52(4)(t) Operating margin (%) 18.19% 20.77% 18.98% 20.58% 52(4)(u) Net profit margin (%) 9.71% 9.64% 11.11% 11.79% 54(3) Security cover available (Series 7 to 13) 2.07 2.24 2.38 2.24 54(3) Security cover available (Series 14 and 15) 2.39 2.61 NA 2.61 Formulae for the computation of the Ratios : 1 Debt equity ratio = (All long term debt outstanding [including unamortised expense (net of premium)]+ contingent liability pertaining to corporate / financial guarantee given + short term debt outstanding in lieu of long term debt) / (Equity share capital + Preference share capital + all reserves (excluding revaluation reserve) + Deferred tax liabilities + Deferred revenue — deferred tax assets -Intangible assets - Intangible assets under development) 2 Debt service coverage ratio = (Total comprehensive income + Deferred tax + Depreciation and amortisation + Interest on debt) / (Principal repayment of debt (excluding voluntary prepayments if any) + Interest on debt + Lease payment) 3 Interest service coverage ratio = (Total comprehensive income + Deferred tax + Depreciation and amortisation + Interest on debt) / (Interest on debt) 4 Current ratio = Current assets / (Current liabilities- Security deposits from consumers - Service line deposits from consumers- Deferred revenue) 5 Long term debt to working capital ratio = (All long term debt outstanding (including unamortised expense)+ contingent liability pertaining to corporate / financial guarantee given) / (Current assets- (Current Liabilities- Security deposits from consumers - Service line deposits from consumers- Deferred revenue -Current maturity of long term debt)) 6 Bad debts to account receivable ratio = (Bad debts written off (net of recovery) + Allowance for doubtful debts (net))/ (Average gross trade receivables) 7 Current liability ratio = (Current liabilities- Security deposits from consumers - Service line deposits from consumers- Deferred revenue) / (Total liabilities) 8 Total debts to Total assets ratio = (All long term debt outstanding (including unamortised expense)+ contingent liability pertaining to corporate / financial guarantee given + Short term debt) / (Total assets) 9 Debtors turnover ratio = (Revenue from operations) / (Average trade receivables) 10 Inventory turnover ratio = (Revenue from operations) / (Average inventories) 11 Operating margin = (Profit before tax + Finance costs + Depreciation and amortisation - Other income) / (Revenue from operations) 12 Net profit margin = (Profit after tax) / (Revenue from operations) 13 Security cover available = Security Cover ratio computed based on SEBI Circular no. SEBI/HO/DDHS-PoD- 1/P/CIR/2025/117 dated August 13, 2025. Chartered oos xy,t1•1 AAC-5001/Ice° PkIV 0127544114O1/ Ahmadabad //)
Page 8
Price Waterhouse Chartered Accountants LLP Review Report To The Board of Directors Torrent Power Limited `Samanvay', 6o0, Tapovan, Ambawadi, Ahmedabad - 380015 1. We have reviewed the consolidated unaudited financial results of Torrent Power Limited (the "Holding Company"), its subsidiaries (the Holding Company and its subsidiaries hereinafter referred to as the "Group"), (refer paragraph 4 below) for the quarter ended June 3o, 2026, which are included in the accompanying Statement of Consolidated financial results for the quarter ended June 3o, 2026 together with the notes thereon (the "Statement"). The Statement is being submitted by the Holding Company pursuant to the requirement of Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations, 2015"), which has been initialled by us for identification purposes. 2. This Statement, which is the responsibility of the Holding Company's Management and has been approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting", prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (`SRE') 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable. 4. The Statement includes the results of the following entities listed in Annexure A. se Chartered xi Ay11,1 AAC-5O, OO co 12754 WO ° Ahmedabad 6 Price Waterhouse Chartered Accountants LLP, 17th Floor, Shapath V, Opp. Karnavati Club, S G Highway Ahmedabad - 380 051, Gujarat, India T: +91 (79) 69247156 Registered office and Head office: 11-A, Vishnu Digamber Marg, Sucheta Bhawan, New Delhi - 110002 Price Waterhouse (a Partnership Firm) converted into Price Waterhouse Chartered Accountants LLP (a Limited Liability Partnership with LLP identity no: LLPIN AAC-5001) with effect from July 25, 2014. Post its conversion to Price Waterhouse Chartered Accountants LLP, its ICAI registration number is 012754N/N500016 (ICAI registration number before conversion was 012754N)
Page 9
Price Waterhouse Chartered Accountants LLP 5. Based on our review conducted and procedures performed as stated in paragraph 3 above nothing has come to our attention that causes us to believe that the accompanying Statement has not been prepared in all material respects in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India and has not disclosed the information required to be disclosed in terms of Regulation 33 and Regulation 52 read with Regulation 63 of the Listing Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement. For Price Waterho e C rtered Accountants LIT Firm Registrati Nu er: oi2754N/N5000 16 Priyans u G dana Partner ember' umber: 109553 IN: 610065342Ack)cMS1Sli P1. : Ahmedabad D. e: August 3, 2026
Page 10
Price Waterhouse Chartered Accountants LLP Annexure A List of entities consolidated: Sr. No Name of Company Subsidiaries Direct 1 Torrent Power Grid Limited 2 Torrent Pipavav Generation Limited 3 Dadra and Nagar Haveli and Daman and Diu Power Distribution Corporation Limited 4 Torrent Green Energy Private Limited 5 Torrent Akshay Urja Private Limited (formerly known as Torrent Green Hydrogen Private Limited) 6 Torrent Energy Storage Solutions Private Limited (formerly known as Torrent PSH 3 Private Limited) 7 Torrent Urja 47 Private Limited 8 Solapur Transmission Limited 9 Newzone Power Projects Private Limited 10 Nabha Power Limited (w.e.f. June 25, 2026) Subsidiaries Indirect 11 Airpower Windfarms Private Limited 12 Torrent Solargen Limited ' 13 Jodhpur Wind Farms Private Limited 14 Latur Renewable Private Limited 15 Torrent Solar Power Private Limited 16 Torrent Saurya Urja 2 Private Limited . • 17 Torrent Saurya Urja 3 Private Limited • 18 Torrent Saurya Urja 4 Private Limited 19 Torrent Saurya Urja 5 Private Limited 2O Visual Percept Solar Projects Private Limited 21 Torrent Saurya Urja 6 Private Limited 22 Surya Vidyut Limited 23 Sunshakti Solar Power Projects Private Limited 24 Torrent Urja 7 Private Limited 25 Torrent Urja 8 Private Limited 26 Torrent Urja 9 Private Limited 27 Torrent Urja 1O Private Limited 28 Torrent Urja 11 Private Limited 29 Torrent Urja 12 Private Limited 3o Torrent Urja 13 Private Limited 31 Torrent Urja 14 Private Limited 32 Torrent Urja 15 Private Limited 33 Torrent Urja 16 Private Limited 34 Torrent Urja 17 Private Limited 35 MSKVY Ninth Solar SPV Limited 36 Torrent Urja 18 Private Limited 37 Torrent Urja 19 Private Limited 38 Torrent Urja 2O Private Limited 39 Torrent Urja 21 Private Limited 40 Torrent Urja 22 Private Limited vse Chartered oc‘. 091N AA C. 500-leco 0,0N 012754Nmso CY* '1Ahrnedaba d til a'`
Page 11
Price Waterhouse Chartered Accountants LLP Sr. No Name of Company 41 Torrent Urja 23 Private Limited 42 Torrent Urja 24 Private Limited 43 Torrent Urja 25 Private Limited 44 Torrent Urja 26 Private Limited 45 Torrent Urja 27 Private Limited 46 Torrent Urja 28 Private Limited 47 Torrent Uija 29 Private Limited 48 Torrent Urja 3o Private Limited 49 Torrent Uija 31 Private Limited 5o Torrent Urja 32 Private Limited 51 Torrent Urja 33 Private Limited 52 Torrent Urja 34 Private Limited 53 Torrent Urja 35 Private Limited 54 Torrent Urja 36 Private Limited 55 Torrent Urja 37 Private Limited 56 Torrent Urja 39 Private Limited 57 Torrent Urja 4o Private Limited 58 Torrent Urja 41 Private Limited 59 Torrent Urja 42 Private Limited 6o Torrent Uija 43 Private Limited 61 Torrent Urja 44 Private Limited 62 Torrent Uija 45 Private Limited 63 Torrent Urja 46 Private Limited 64 Torrent Urja 38 Private Limited 65 Torrent Urja Projects Private Limited .. 66 Azadirachta Indica Renewables Private Limited • 67 Dwarka Renewables Private Limited 68 Newzone India Private Limited 69 Onix-One Enersol Private Limited 70 Torrent Energy Storage Solutions 1 Private Limited (formerly known as Torrent PSH 1 Private Limited) 1 Torrent Energy Storage Solutions 2 Private Limited (formerly known as Torrent PSH 2 Private Limited) 2 Torrent Energy Storage Solutions 3 Private Limited (formerly known as Torrent PSH 4 Private Limited) nose Chartered , , c\' oyIN AAC-5007C „pd CO( e•• cl) ././ ,„00\ °12754NIN0— 4hrnedabad*
Page 12
TORRENT POWER LIMITED Registered Office: "Samanvay", 600, Tapovan, Ambawadi , Ahmedabad - 380 015, Ph.: 079-26628000 CIN: L31200GJ2004PLC044068; Website: www.torrentpower.com; E-mail: cs@torrentpower.com STATEMENT OF CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2026 Particulars (₹ in Crore except per share data) For the quarter ended For the year ended 30.06.2026 31.03.2026 30.06.2025 31.03.2026 Un-Audited Refer note 4 Un-Audited Audited Income Revenue from operations 8,124.15 6,406.07 7,906.37 28,966.31 Other income 80.66 70.88 104.67 322.61 Total income 8,204.81 6,476.95 8,011.04 29,288.92 Expenses Electrical energy purchased 4,674.48 3,690.24 3,920.67 15,053.70 Fuel cost 1,143.22 515.07 1,551.34 3,944.21 Purchase of stock-in-trade - 294.86 261.10 1,593.67 Employee benefits expense 179.38 162.62 185.30 705.80 Finance costs 292.99 251.86 212.12 934.47 Depreciation and amortisation expense 400.41 421.00 390.27 1,612.75 Other expenses 589.14 593.94 504.90 2,127.55 Total expenses 7,279.62 5,929.59 7,025.70 25,972.15 Profit before tax 925.19 547.36 985.34 3,316.77 Tax expense - Current tax 221.99 191.61 213.41 728.15 - Deferred tax 41.35 24.26 30.35 119.26 Total tax expense 263.34 215.87 243.76 847.41 Profit for the period 661.85 331.49 741.58 2,469.36 Other comprehensive income : Items that will not be reclassified to profit or loss (5.29) 18.14 (0.66) (9.97) Tax relating to Items that will not be reclassified to profit or loss (0.82) 6.90 (0.13) (2.51) Items that will be reclassified subsequently to profit or loss (24.81) 89.32 (3.24) 69.41 Tax relating to Items that will be reclassified subsequently to profit or loss (6.24) 24.06 (1.13) 17.10 Other comprehensive income for the period (net of tax) (23.04) 76.50 (2.64) 44.85 Total comprehensive income for the period 638.81 407.99 738.94 2,514.21 Profit for the period attributable to : Owners of the company 638.85 318.20 731.44 2,416.43 Non-controlling interests 23.00 13.29 10.14 52.93 Other comprehensive income attributable to : Owners of the company (22.96) 76.23 (2.24) 44.57 Non-controlling interests (0.08) 0.27 (0.40) 0.28 Total comprehensive income attributable to : Owners of the company 615.89 394.43 729.20 2,461.00 Non-controlling interests 22.92 13.56 9.74 53.21 Paid up equity share capital (F.V. ₹ 10/- per share) 503.90 503.90 503.90 503.90 Reserves excluding revaluation reserves as per balance sheet of previous accounting year 18,571.43 Earnings per share (of ₹ 10/- each) (not annualised) (a) Basic (₹) 12.68 6.31 14.52 47.95 (b) Diluted (₹) 12.68 6.31 14.52 47.95 vose Chartered Acca 0.2114 AAC1001 1- • ti • • ol2mar414 0 Ahmedabad
Page 13
Consolidated Segment Information: ₹ in Crore Sr. No. Particulars Quarter ended Year ended 30.06.2026 31.03.2026 30.06.2025 31.03.2026 Un-audited Refer note 4 Un-audited Audited 1 Segment revenue (a) Generation 1,711.51 942.71 2,488.51 7,585.36 (b) Transmission and Distribution 7,245.79 6,115.88 6,534.01 24,764.42 (c) Renewables 434.74 272.06 369.35 1,241.14 Total segment revenue 9,392.04 7,330.65 9,391.87 33,590.92 Less: Inter segment revenue (1,267.89) (924.58) (1,485.50) (4,624.61) Total revenue from operations 8,124.15 6,406.07 7,906.37 28,966.31 2 Segment results (Profit before tax, depreciation and finance costs) (a) Generation 373.19 (38.93) 435.95 1,319.73 (b) Transmission and Distribution 944.18 1,111.37 856.80 3,792.80 (c) Renewables 369.00 186.28 349.69 1,012.42 Total segment results 1,686.37 1,258.72 1,642.44 6,124.95 Add: Unallocated (67.78) (38.50) (54.71) (260.96) Less: Finance costs (292.99) (251.86) (212.12) (934.47) Less: Depreciation and amortisation expense (400.41) (421.00) (390.27) (1,612.75) Profit before tax 925.19 547.36 985.34 3,316.77 3 Segment assets (a) Generation 14,544.51 4,425.56 4,391.15 4,425.56 (b) Transmission and Distribution 23,202.60 22,202.29 22,068.43 22,202.29 (c Renewables 18,585.70 17,110.96 11,021.28 17,110.96 (d) Unallocated / Inter segment 444.36 1,454.47 (107.57) 1,454.47 Total assets 56,777.17 45,193.28 37,373.29 45,193.28 4 Segment liabilities (a) Generation 6,439.37 1,025.40 1,299.31 1,025.40 (b) Transmission and Distribution 15,053.35 14,414.74 14,297.91 14,414.74 (c) Renewables 13,351.37 12,163.96 8,654.76 12,163.96 (d) Unallocated / Inter Segment 657.73 (2,119.57) (5,833.41) 18,418.57 (2,119.57) 25,484.53 Total liabilities 35,501.82 25,484.53 Generation: Comprises of generation of power from thermal sources (gas and coal) and trading of Regassified Liquified Natural Gas. Transmission and Distribution: Comprises of transmission and distribution business (licensed and franchisee) and related ancillary services. Renewables: Comprises of generation of power from renewable energy sources i.e. wind and solar. ‘,Otise Charterer/ 4, AAC-S00 qj 2754141N500 Ahmedabad
Page 14
Notes: On February 16, 2026, the Company has entered into a Securities Purchase Agreement (SPA) with L&T Power Development Limited (L&TPDL), a wholly owned subsidiary of Larsen & Toubro Limited (L&T) for acquisition of 100% equity shares and convertible instruments of Nabha Power Limited (NPL). The transaction was completed on June 25, 2026, for a total consideration of ₹ 3,632.35 Crore. Consequently, NPL has become wholly owned subsidiary of the Company w.e.f. June 25, 2026 ("Acquisition date"). NPL is engaged in the Generation of Electricity via its 2X700 MW coal based Supercritical Thermal Power Plant located in Punjab having long term Power Purchase Agreements (PPAs) for the period of 25 years effective from 2014 with Punjab State Power Corporation Limited (PSPCL). The above acquisition has been accounted for in accordance with Ind AS 103, "Business Combinations", wherein the Group has recognized the identifiable assets acquired and liabilities assumed based on their provisional fair values as at the acquisition date since the purchase price allocation exercise is in progress. The above subsidiary contributed Revenue from operations of ₹ 68.64 Crore and Profit for the period of ₹ 7.62 Crore from the acquisition date to the quarter ended June 30, 2026. 2 The immovable and movable assets of the Company, both present and future, are mortgaged and hypothecated by way of first pari passu charge in favour of holders of secured Non-Convertible Debentures (NCD) along with lenders of term loans, fund-based working capital facilities and non-fund based credit facilities, availed by the Company except some assets which, in terms of respective financing documents (including Loan agreements, Debenture Trust deed, Working Capital Facility agreements), are carved out of security provided to lenders / debenture holders. 3 The above consolidated financial results of Torrent Power Limited (the "Company") and its subsidiaries (the "Group") have been reviewed by Audit Committee and the same have been subsequently approved by the Board of Directors in their respective meetings held on August 03, 2026. 4 Figures for the quarter ended March 31,2026 are the balancing figures between audited figures for the full financial year ended March 31, 2026 and the published year to date figures upto the third quarter of the said financial year. 5 Refer Annexure I for disclosure required pursuant to Regulation 52(4) & 63(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). 6 Summary of key standalone financial results of the Company is as follows: (₹ in crore) Particulars For the quarter ended For the year ended 30.06.2026 31.03.2026 30.06.2025 31.03.2026 Un-Audited Refer note 4 Un-Audited Audited Revenue from operations 6,048.71 4,480.02 6,167.04 21,850.03 Profit before tax 805.49 624.39 902.45 3,350.41 Profit after tax 587.15 431.90 684.89 2,575.11 Total comprehensive income 566.50 506.63 683.07 2,619.41 Note : The standalone financial results of the Company for the above mentioned periods are available in the investors section in www.torrentpower.com and also with the stock exchanges where it is listed. The information above has been extracted from the published standalone financial results. For, TORRENT POWER LIMITED Place : Ahmedabad Date : August 03, 2026 vottse Chartered /1(1.O AAC-,5001 0927541410, 06°- Ahmedabad Jinal Mehta Vice Chairman & Managing Director
Page 15
ANNEXURE I: Disclosures pursuant to Regulation 52(4) & 63(2) of Securities and Exchange Board of India (Listing Obligations and Disclosures Requirement) Regulations, 2015 (as amended) (Consolidated) :- Regulati on No. Particulars For the quarter ended For the year ended 30.06.2026 31.03.2026 30.06.2025 31.03.2026 52(4)(c) Debt equity ratio 0.97 0.67 0.44 0.67 52(4)(f) Debt service coverage ratio 3.24 1.25 4.52 2.48 52(4)(g) Interest service coverage ratio 4.60 4.65 7.44 6.17 52(4)(h) Outstanding redeemable preference shares (quantity and value) NA NA NA NA 52(4)(i) Capital / Debenture redemption reserve (₹ in Crore) - - 20.00 --redemption-reserve 52(4)(j) Net worth (₹ in Crore) 20,347.56 19,708.75 18,954.72 19,708.75 52(4)(k) Net Profit after tax (other than other comprehensive income) (₹ in Crore) 661.85 331.49 741.58 2,469.36 52(4)(1) Earnings per share (₹ ) (not annualised) 12.68 6.31 14.52 47.95 52(4)(m) Current ratio 1.48 1.35 1.84 1.35 52(4)(n) Long term debt to working capital 3.48 3.25 1.65 3.25 52(4)(o) Bad debts to account receivable (not annualised) 0.09% -0.98% -1.65% -2.45% 52(4)(p) Current liability ratio 0.22 0.27 0.26 0.27 52(4)(q) Total debts to total assets 0.39 0.30 0.23 0.30 52(4)(r) Debtors turnover (not annualised) 2.68 2.70 2.98 12.35 52(4)(s) Inventory turnover (not annualised) 9.66 11.97 13.13 49.72 52(4)(t) Operating margin (%) 18.93% 17.94% 18.76% 19.13% 52(4)(u) Net profit margin (%) 8.15% 5.17% 9.38% 8.52% Formulae for the computation of the Ratios : 1 Debt equity ratio = (All long term debt outstanding [including unamortised expense (net of premium)]+ contingent liability pertaining to corporate / financial guarantee given + short term debt outstanding in lieu of long term debt) / (Equity share capital + Preference share capital + All reserves (excluding revaluation reserve) + Deferred tax liabilities — Deferred tax assets — Goodwill -Intangible assets - Intangible assets under development) 2 Debt service coverage ratio = (Total comprehensive income + Deferred tax + Depreciation and amortisation + Interest on debt) / (Principal repayment of debt (excluding voluntary prepayments if any) + Interest on debt + Lease payment ) 3 Interest service coverage ratio = (Total comprehensive income + Deferred tax + Depreciation and amortisation + Interest on debt) / (Interest on debt) 4 Current ratio = Current assets / (Current liabilities- Security deposits from consumers - Service line deposits from consumers- Deferred revenue) 5 Long term debt to working capital ratio = (All long term debt outstanding (including unamortised expense)+ contingent liability pertaining to corporate / financial guarantee given) / (Current assets- (Current Liabilities- Security deposits from consumers - Service line deposits from consumers- Deferred revenue -Current maturity of long term debt)) 6 Bad debts to account receivable ratio = (Bad debts written off (net of recovery) + Allowance for doubtful debts (net))/ (Average gross trade receivables) 7 Current liability ratio = (Current liabilities- Security deposits from consumers - Service line deposits from consumers- Deferred revenue) / (Total liabilities) 8 Total debts to Total assets ratio = (All long term debt outstanding (including unamortised expense)+ contingent liability pertaining to corporate / financial guarantee given + Short term debt) / (Total assets) 9 Debtors turnover ratio = (Revenue from operations) / (Average trade receivables) 10 Inventory turnover ratio = (Revenue from operations) / (Average inventories) 11 Operating margin = (Profit before tax + Finance costs + Depreciation and amortisation - Other income) / (Revenue from operations) 12 Net profit margin = (Profit after tax) / (Revenue from operations) C-e .tvarteret14,..,_ .11 o yol AAC-4001 0,44, u r.. .... • ,. ... b .., ,..• -RN 042)1006 * Ahmedabad