Torrent Power Shares Plummet After Q3 Results
Mumbai – Shares of Torrent Power experienced a significant downturn today, falling 6% to ₹1,397.70, following investor reaction to the company’s Q3 FY26 performance. While the company reported year-on-year growth, sequential figures disappointed. Key highlights:
- Net Profit: Rose 34% YoY to ₹655 crore, but declined 12% QoQ.
- Revenue: Increased 4.3% YoY to ₹6,778 crore, but decreased 14% QoQ.
- Dividend: An interim dividend of ₹15 per share was declared, with a record date of February 16, 2026.
- Funding: Approved raising up to ₹7,000 crore through NCDs.
Despite the drop, the stock has shown 22% recovery in the last five months.
