Torrent Power reported a mixed set of results for the June quarter, with revenue rising even as profitability came under pressure from elevated finance costs and geopolitical disruptions that affected LNG supplies.

The Indian integrated power utility, part of the Torrent Group and headquartered in Ahmedabad, Gujarat, said growth in its electricity distribution and renewable energy segments helped support top-line performance during the quarter. The company is among India's largest private-sector power utilities, and its performance comes at a time when the country's electricity demand has been hitting record highs, driven by economic expansion and rising consumption.

However, net profit declined compared with the year-ago period, as higher financing expenses and supply-chain challenges in global LNG markets weighed on margins. Torrent Power relies on natural gas for a portion of its generation fleet, making it sensitive to volatility in international fuel markets.

Torrent Power also strengthened its power generation portfolio during the period through the acquisition of Nabha Power, a thermal power generation company based in Punjab. The addition of coal-based thermal capacity complements the company's existing gas and renewable generation assets, broadening its fuel mix.

The company operates across the power value chain, including generation, transmission, and distribution, and serves customers in Gujarat, Uttar Pradesh, and other Indian states.