Now Reading: Torrent Power Q1 profit falls 13% to Rs 639 crore
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Torrent Power Q1 profit falls 13% to Rs 639 crore
Torrent Power’s consolidated net profit fell 12.66% year on year to Rs 638.85 crore in the quarter ended June 30, 2026, ETEnergyworld reports. Profit stood at Rs 731.44 crore a year earlier.…
The Story in Brief
Torrent Power’s consolidated net profit fell 12.66% year on year to Rs 638.85 crore in the quarter ended June 30, 2026, ETEnergyworld reports. Profit stood at Rs 731.44 crore a year earlier. Revenue from operations rose 2.75% to Rs 8,124.15 crore from Rs 7,906.37 crore.
The company completed its Rs 3,632.35 crore acquisition of Nabha Power on June 25. The Punjab-based 2X700 MW coal-fired plant contributed Rs 68.64 crore in revenue and Rs 7.62 crore in profit after the acquisition. Transmission and distribution revenue rose to Rs 7,245.79 crore, while renewables revenue increased to Rs 434.74 crore. Generation revenue fell to Rs 1,711.51 crore from Rs 2,488.51 crore.
The Indian Opinion
The easy story is either that Torrent Power is weakening or that the Nabha acquisition has solved its growth problem. Neither follows from one quarter. Revenue rose, but profit fell as the generation segment contracted sharply, while Nabha contributed for only part of the period. Investors should watch whether generation revenue recovers and whether the new plant adds sustained profit. The next few quarters will show if the acquisition can offset that decline.
Source: energy.economictimes.indiatimes.com
This story was synthesised by AI from the source linked above.
