Torrent Power reported an almost 13 per cent year-on-year decline in consolidated profit for the first quarter of FY27, as weaker performance from its generation business offset growth in transmission, distribution and renewable energy (RE) segments.The company’s consolidated profit attributable to owners declined to ₹639 crore during the quarter from ₹731 crore in the year-ago quarter. Revenue from operations, however, rose 2.9 per cent to ₹8,124 crore (₹7,894 crore). The decline in profitability was largely driven by the generation segment, where revenue fell 31 per cent during the quarter. The segment includes power generation from thermal sources, including gas and coal, as well as trading of regasified liquefied natural gas (LNG). The company said disruptions in LNG supplies affected the operations of its thermal power plants during the quarter.In contrast, Torrent Power’s transmission and distribution business reported an 11 per cent increase in revenue, supported by its licensed distribution operations, franchisee businesses and related ancillary services. Revenue from the RE segment grew 18 per cent during the quarter, reflecting the company’s continued expansion in wind and solar power generation.Torrent Power stated in an official release that its EBITDA grew 2 per cent despite a challenging operating environment, marked by geopolitical disruptions that impacted LNG supplies and, consequently, the performance of its thermal power plants. The company said the performance was supported by stronger contributions from its distribution and RE businesses, with EBITDA growth of 10 per cent and 6 per cent, respectively. Nabha PowerThe quarter also saw Torrent Power complete the acquisition of Nabha Power from Larsen & Toubro’s wholly-owned subsidiary L&T Power Development. The acquisition, completed on June 25, was valued at ₹3,632.35 crore. Nabha Power operates a 2x700 MW coal-based supercritical thermal power plant in Punjab and has long-term power purchase agreements with Punjab State Power Corporation for 25 years, effective 2014. Following the completion of the transaction, Nabha Power became a wholly-owned subsidiary of Torrent Power.The company said the acquisition has been accounted for under Ind AS 103 relating to business combinations, with the purchase price allocation exercise currently underway based on provisional fair values of assets and liabilities acquired. For the period from the acquisition date until June 30, Nabha Power contributed revenue from operations of ₹68.64 crore and profit of ₹7.62 crore to Torrent Power’s consolidated results.Published on August 3, 2026