New Delhi, Nov 4 (PTI) Torrent Power on Wednesday posted a 13 per cent year-on-year rise in consolidated net profit

New Delhi, Nov 4 (PTI) Torrent Power on Wednesday posted a 13 per cent year-on-year rise in consolidated net profit

New Delhi, Nov 4 (PTI) Torrent Power on Wednesday posted a 13 per cent year-on-year rise in consolidated net profit

New Delhi, Nov 4 (PTI) Torrent Power on Wednesday posted a 13 per cent year-on-year rise in consolidated net profit to Rs 837.96 crore in September, driven by robust performance across its distribution and renewable energy businesses.

     It had clocked a net profit of Rs 741.55 crore in the second quarter of the preceding financial year, the company said in a statement.

     During July-September, the company's total income stood at Rs 10,050.79 crore, up 26.35 per cent from Rs 7,953.91 crore in the same period a year ago.

     Sharing a segment-wise break-up, Torrent Power said the company's revenue from the Generation business rose by over 37 per cent year-on-year (YoY) to Rs 3,329 crore from Rs 2,420.92 crore in the July-September period a year ago.

     From the Transmission and Distribution (T&D) segment, the company earned a revenue of Rs 7,258.81 crore, compared to Rs 6,367.83 crore in Q2 FY26.

     The revenues from renewables surged to Rs 510.67 crore from Rs 326.62 crore in the year-ago quarter.

     The company said it has "delivered strong operational performance during the quarter, resulting in adjusted Ebitda growth of 29 per cent during the quarter, driven by robust performance across its distribution and renewable energy businesses, along with consolidation of Nabha acquisition."

     Torrent Power, the Rs 28,966-crore integrated power utility of the Torrent Group, is one of the largest companies in the country's power sector with presence across the entire value chain – generation, transmission and distribution.

     In the generation segment, the company has an aggregate installed generation capacity of 6.8 GWp comprising 2.7 GW of gas-based capacity, 2.3 GWp of renewable capacity and 1.8 GW of coal-based capacity.

     Further, renewable projects of 4.3 GWp, pumped storage capacity of 3 GW and coal-based power capacity of 1.6 GW are under development.

     In the distribution space, Torrent Power distributes nearly 31 billion units to around 4.29 million customers in the cities of Ahmedabad, Gandhinagar, Surat, Dahej SEZ and Dholera SIR in Gujarat; the Union Territory of Dadra and Nagar Haveli and Daman and Diu (DNH & DD); Bhiwandi, Shil, Mumbra and Kalwa in Maharashtra, and Agra in Uttar Pradesh.

(This story has not been edited by THE WEEK and is auto-generated from PTI)