Torrent Power Q2FY25 Revenue Rises 3% , PAT Drops By 47 Cr
Renewable and thermal contributions hit amid challenging weather conditions
Torrent Power reported a mixed Q2 FY25, with revenue from operations rising 3 per cent year-on-year to Rs 7,176 crore, up from Rs 6,961 crore in Q2 FY24. However, profit after tax (PAT) declined by Rs 47 crore for the quarter, as lower demand and weather impacts affected earnings.
The company attributed the dip in PAT to reduced merchant power sales, driven by a prolonged monsoon that dampened electricity demand, and lower output from renewable sources due to challenging weather and the partial commissioning of a new solar project. Finance and depreciation costs also rose due to recent capex investments and expanded renewable capacity.
Despite the quarterly challenges, Torrent Power saw positive growth in the first half of FY25. Revenue for H1 FY25 rose 13 per cent to Rs. 16,210 crore, and EBITDA increased 26 per cent year-on-year to Rs 3,266 crore. Total comprehensive income for H1 reached Rs 1,484 crore, marking a 39 per cent rise.
With an installed generation capacity of 4,580 MW across gas, coal, and renewables, Torrent Power is advancing its clean energy focus. The company recently secured a letter of award for developing 2,000 MW of Pumped Storage Hydro Power from Maharashtra State Electricity Distribution Company (MSEDCL), contributing to its 2,979 MW of renewable projects in development.
