Reproduction steps:

# Open the attached project “IN-12125.zip“
# Open the “TORCH TEST“ scene
# Enter Play mode
# Move around in the scene near the torches and observe the FPS count in the Statistics window

Expected result: The FPS is the same or barely changes when moving around the scene
Actual result: The FPS drops by 20%-50% when moving around the scene

Reproducible with: 2022.1.16f1
Not reproducible with: 2022.2.0a15, 2022.2.0b8, 2023.1.0a10
Could not test with: 2020.3.39f1, 2021.3.10f1, 2022.2.0a1, 2022.2.0a14 - the torch prefabs get corrupted when downgrading/upgrading the project (pink textures)

Reproduced on: Windows 10 Pro