Torrent Power stock reports 26.8 percent revenue growth

Published on 10/07/2026 at 06:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Torrent Power stock posted INR 81.24 billion in Q1 FY27, while Motilal Oswal set a Neutral view and INR 1,270 target in September. The NSE quote was INR 1,230.60 on October 7, 2026.

Torrent Power, INE813H01021, Illustration mit AI erstellt.

Torrent Power Limited (ISIN INE813H01021) reported Q1 FY27 revenue of INR 81.24 billion, up 26.8 percent from INR 64.06 billion in the prior quarter. The result gives the utility a concrete operating anchor as its renewable expansion moves into a larger investment phase.

Revenue rises in Q1 FY27

According to Stockfin, Q1 FY27 operating profit reached INR 11.38 billion and net profit was INR 6.62 billion. The same period carried earnings per share of INR 12.68, compared with INR 6.31 in Q4 FY26, a 100.95 percent sequential increase.

The standardized Q1 FY27 statement places net income at INR 6.39 billion and diluted earnings per share at INR 12.68. The small difference in net income reflects the reporting presentation, while the EPS figure is consistent across the quarterly data.

Neutral target limits valuation upside

DSIJ reported that Motilal Oswal initiated coverage in September 2026 with a Neutral rating and an INR 1,270 sum-of-the-parts target. That target lies 3.2 percent above the INR 1,230.60 NSE price on October 7, 2026, leaving a measured valuation gap rather than a broad re-rating signal.

The broker's operating thesis rests on 6.6 GWp of installed generation capacity at the end of Q1 FY27, including 2.1 GWp of renewable capacity. The Hindu BusinessLine reported that Torrent plans to commission 1.2 GWp in FY27 and 1.4 GWp to 1.6 GWp in FY28.

Motilal Oswal also estimates renewable EBITDA growth of 44 percent annually from FY26 to FY29E, while total EBITDA and adjusted profit after tax are forecast to grow at 17 percent and 7 percent annually. The key counter-factor is execution: the broker estimates cumulative capital expenditure of INR 377 billion over FY27 to FY29.

Stock remains below yearly high

Torrent Power was last at INR 1,230.60 on the NSE on October 7, 2026 at 9:32 a.m. IST, down 0.35 percent from the prior close. Its market capitalization was INR 620.1 billion, while the 52-week range stood at INR 1,199 to INR 1,824.10.