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Informist, Monday, Aug. 3, 2026

 

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--Torrent Power Apr-Jun consol PAT INR 6.39 bln vs INR 7.31 bln yr ago 
--Torrent Power Q1 consol revenue INR 81.24 bln vs INR 79.06 bln yr ago 
--Torrent Power Q1 electrical energy cost INR 46.74 bln vs INR 39.21 bln 
--Torrent Power Q1 consol generation sales INR 17.12 bln vs INR 24.89 bln 
--Torrent Power Q1 consol T&D sales INR 72.46 bln vs INR 65.34 bln yr ago 
--Torrent Power Apr-Jun consol operating margin 18.93% vs 18.76% year ago 
--Torrent Power Q1 consol EBITDA INR 16.19 bln vs INR 15.88 bln yr ago 

 

By Arya S. Biju and Sunil Raghu

 

MUMBAI – A sharp jump in costs related to the purchase of electricity, coupled with slower sales growth, dragged down Torrent Power Ltd.'s bottom line for the June quarter. Even though sales from the company's transmission and distribution, and renewables businesses grew year-on-year, revenue from its generation business declined sharply, limiting the company's top-line growth for the quarter. 

 

The power utility company's consolidated net profit for the June quarter declined nearly 13% on year to INR 6.39 billion. With this, the company's bottom line has fallen for the second straight quarter on a year-on-year basis. Its consolidated revenue for the quarter grew nearly 3% on year to INR 81.24 billion, recovering from the near-1?ll reported in the trailing quarter but slower than the 4.3% and 9.8% growth recorded in the December and September quarters, respectively. 

 

Improved operational performance of licenced and franchised distribution businesses, along with higher contribution from the gas-based generation business and gains booked from the sale of non-current investments, drove the growth in the company's total income, it said in a press release. 

 

Revenue from the generation business fell over 31% on year to INR 17.11 billion. Transmission and distribution revenue rose nearly 11% to INR 72.46 billion from INR 65.34 billion a year ago while revenue from renewable sources of power rose nearly 18% to INR 4.35 billion.

 

The company's consolidated earnings before interest, tax, depreciation, and amortisation for the June quarter were INR 16.19 billion, up 2% on year. The company delivered EBITDA growth, "despite a challenging operating environment marked by geopolitical disruptions, which affected LNG (liquefied natural gas) supplies and, consequently, performance of its thermal power plants. This performance was supported by strong contribution from its Distribution and Renewable Energy businesses, which recorded EBITDA growth of 10% and 6%, respectively," the company said in a release accompanying earnings filings with the stock exchanges.

 

Electricity costs, the company's largest expense, which accounted for almost 60% of its total expenses in the reporting quarter, rose 19.23% on year to INR 46.74 billion. Its other expenses rose nearly 17% to INR 5.89 billion. The company spent INR 11.43 billion on fuel, down 26.31% on year, and its employee costs, too, were down 3.19% on year at INR 1.79 billion. The on-year rise in electricity costs was partially off-set by fuel costs, moderating the rise in overall expenses to 3.6% year-on-year to INR 72.80 billion.

 

The company's operational capacity is estimated to grow to 12.36 gigawatt-peak from 6.56 gigawatt-peak, backed by robust renewable capacity addition, it said in its presentation.

 

Monday, shares closed 1.53% lower at INR 1,391.70 on the National Stock Exchange. The company released its June quarter earnings after market hours.  End

 

Edited by Deepshikha Bhardwaj

 

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