Tata Power Q1FY26 PAT Rises 6% YoY to ₹1,262 Cr; Solar, Discoms, and T&D Drive Growth

Mumbai, August 1, 2025 — Tata Power Company Limited (NSE: TATAPOWER, BSE: 500400) posted a 6% year-on-year rise in consolidated PAT to ₹1,262 crore for Q1FY26, marking its 23rd consecutive quarter of profit growth. The uptick was supported by robust execution in the renewables, solar manufacturing, and T&D businesses, including Odisha Discoms and rooftop solar.

Growth in high-margin segments like rooftop solar and TP Solar drove margin expansion, while commissioning milestones added scale to the renewables portfolio. T&D operations saw efficiency gains and approvals for expansion, enhancing cash flows. The company’s diversified clean energy investments continue to support stable financial performance.

Market Snapshot

As of 01-Aug-2025, Tata Power closed at ₹389.75, down 2.01% from its previous close of ₹397.75. The stock traded between ₹388.20 and ₹398.15 during the session, with a VWAP of ₹392.51 and total volume of 62.41 lakh shares.

Financial Highlights – Q1 FY26 (Consolidated)

Tata Power reported a 4% year-on-year rise in consolidated revenue for Q1FY26 to ₹17,464 crore, driven by stable operational performance across segments. EBITDA grew 17% to ₹3,930 crore, reflecting improved margins. Reported PAT increased 6% to ₹1,262 crore, indicating healthy bottom-line growth.

Segment Performance

Renewables

• PAT up 95% YoY to ₹531 crore.
• Commissioned 94 MW capacity in Q1; operational RE capacity reached 5.6 GW.
• Record rooftop installations of 45,500+ with revenue doubling to ₹823 crore.
• PAT from rooftop solar rose 260% YoY to ₹90 crore.
• Solar manufacturing arm TP Solar posted ₹100 crore PAT on ₹1,613 crore revenue.
• 949 MW solar modules and 904 MW cells manufactured.
• Secured major renewable PPAs, including:
  • 200 MW FDRE with NTPC
  • 88 MW RTC project LOA from SJVN
  • 131 MW wind-solar hybrid project with Tata Motors
  • PDAs with Fiat India and Tata Realty

Transmission & Distribution

• T&D PAT (excluding previous year one-off) grew 26% YoY to ₹440 crore.
• Odisha Discoms PAT surged 156% YoY to ₹105 crore.
• MERC approved ₹1,800 crore DPR schemes; 22kV GIS at Vikhroli and 125 MVAR reactor at Trombay commissioned.
• ~30 lakh smart meters installed across India.
• Six transmission projects in progress, targeting 7,000+ Ckm by 2027.
• Applied for distribution license expansion in Maharashtra (including Pune, Nashik, Navi Mumbai, Panvel, and Aurangabad).

Other Key Developments

• Initiated cross-border power sale for 18 MW Suchhu Hydro Electric Project (Bhutan).
• Tata Power-DDL commissioned India’s first Micro Substation with Power Voltage Transformer in Delhi.
• TPTCL launched Cooling-as-a-Service (CaaS) with ₹5.6 crore in new projects.
• Work commenced on 1,000 MW pumped hydro storage project at Bhivpuri, Maharashtra.

Management Commentary

Dr. Praveer Sinha, CEO & MD, stated, “We have commenced FY26 on a high note, with strong performance across all our business verticals. Our renewable energy portfolio continues to exceed expectations, as we drive innovation, scale, and efficiency. Our Odisha Discoms have emerged as a national model, and we are aligning to serve 40 million customers by 2030.”

Strategic Outlook

Tata Power aims to add 1.6 GW of utility-scale renewable capacity over the next three quarters and is progressing toward its Net Zero by 2045 goal. With a generation portfolio of 26 GW (under development included), the company now derives 65% from green energy sources, underscoring its leadership in India’s clean energy transition.

Company Overview

Tata Power Company Limited is India’s largest integrated power utility, operating across the full energy value chain. It manages 14,707 MW of generation capacity, including 5,847 MW of renewable energy. The company also leads in transmission, distribution, trading, solar manufacturing, EV charging, and energy storage solutions. It supports power access in over 50 million households across India and sets the benchmark in clean energy infrastructure.

REF: https://nsearchives.nseindia.com/corporate/VPTPCL_01082025161940_PressRelease.pdf

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