Earnings Review
Early monsoon hits Torrent Power Apr-Jun consol PAT, revenue
This story was originally published at 19:44 IST on 5 August 2025
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--Torrent Power Apr-Jun consol PAT INR 7.31 bln vs INR 9.72 bln year ago
--Torrent Power Apr-Jun consol revenue INR 79.06 bln vs INR 90.34 bln yr ago
--Torrent Power Q1 consol electricity cost INR 39.21 bln vs INR 38.19 bln
--Torrent Power Q1 consol generation revenue INR 24.89 bln vs INR 36.78 bln
--Torrent Power Q1 consol T&D revenue INR 65.34 bln vs INR 69.34 bln yr ago
--Torrent Power Q1 consol renewables revenue INR 3.69 bln vs INR 3.07 bln
--Torrent Power Apr-Jun consol operating margin 18.76% vs 20.57% year ago
By Pallavi Singal and Ashutosh Pati
NEW DELHI/MUMBAI – Torrent Power Ltd. Tuesday reported a double-digit fall in its top and bottom lines for Apr-Jun amid lower power demand owing to early onset of monsoon and elevated gas prices, which impacted merchant gains from gas-based generation, the company said in a statement.
The company's bottom line shrunk almost 25% on year to INR 7.31 billion for the reporting quarter. Sequentially, it was down almost 31%. The company's top line fell over 12% on year, but was up 22.5% sequentially at INR 79.06 billion. The sequential revenue growth was likely driven by an increased power demand, which rose sequentially but was down on year.
Total expenses of the company during the quarter fell almost 10% to INR 70.26 billion. The largest fall in expenses was recorded in fuel costs, which fell over 36% on year to INR 15.51 billion. Electricity costs, the company's largest expense and which accounted for 65% of its total expenditure in the reporting quarter, rose 3% on year to INR 39.21 billion.
Its other expenses for the quarter rose around 9% to INR 5.05 billion. Expense related to the purchase of stock-in-trade rose around 44% to INR 2.61 billion. The company's revenue from the transmission and distribution business fell nearly 6% on year to INR 65.34 billion and its revenue from the power generation business declined over 32% on year to INR 24.89 billion.
Torrent Power's revenue from the renewables segment rose over 20% on year to INR 3.69 billion. The company's earnings before interest, taxes, depreciation, and amortisation for the June quarter were INR 15.88 billion, down nearly 18% on year. Its consolidated operating margin fell to 18.76% in the quarter ended June from 20.57% in the year-ago period.
Improved contributions from the renewable segment, driven by solar capacity additions and favourable wind conditions, resulting in better plant load factor, the company said in a press release. Plant load factor is a metric that measures the performance of a power plant by comparing the actual energy it generates to the maximum energy it can generate. The company detailed its results after market hours. On Tuesday, shares of the company closed 0.1% higher at INR 1,313.60 on the National Stock Exchange. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Deepshikha Bhardwaj
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