Tata Power , one of India's largest integrated power companies, has reported a robust financial performance for the first quarter of the fiscal year. The company's consolidated net profit saw a significant increase, rising to ₹1,059 crore from ₹971 crore in the same period last year, marking a 9.06% year-over-year growth.

Revenue Growth

The company's revenue also showed positive momentum, climbing to ₹18,000 crore from ₹17,290 crore in the corresponding quarter of the previous year. This represents a 4.11% increase in top-line performance, indicating steady growth in the company's operations.

Improved Profitability

Tata Power's profitability metrics demonstrated notable improvement:

• EBITDA: The company's Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) rose to ₹4,139 crore, up from ₹3,586 crore in the same quarter last year, showing a substantial increase of 15.42%.

• EBITDA Margin: The EBITDA margin, a key indicator of operational efficiency, improved to 22.95% from 20.74% in the corresponding quarter of the previous year. This 221 basis points improvement reflects enhanced operational performance and cost management.

Financial Performance Overview

Here's a tabular summary of Tata Power's Q1 financial performance:

The financial results underscore Tata Power's ability to grow its revenue while simultaneously improving its profitability metrics. The significant increase in EBITDA and net profit, coupled with an enhanced EBITDA margin, suggests that the company has been successful in managing its costs effectively while expanding its operations.

These results come amid a challenging global economic environment, highlighting Tata Power's resilience and strategic positioning in the Indian power sector. The company's performance indicates its continued focus on operational excellence and financial prudence, which are crucial for sustained growth in the competitive energy market.

Tata Power , India's largest integrated power company, has reported a robust performance for the first quarter of fiscal year 2026, marking its 23rd consecutive quarter of profit after tax (PAT) growth. The company's consolidated PAT increased by 6% year-on-year to ₹1,262.00 crore for the quarter ended June 30, 2025.

Financial Highlights

• Revenue from operations rose 4% to ₹18,035.00 crore, compared to ₹17,294.00 crore in Q1 FY25.
• EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) grew by 17% to ₹3,930.00 crore.
• The company's renewables business saw significant growth, with PAT increasing by 95% year-on-year to ₹531.00 crore.

Operational Performance

Tata Power's operational highlights for Q1 FY26 include:

• Commissioned 94 MW of renewable energy capacity, bringing the total operational renewable capacity to 5.6 GW.
• Achieved a record rooftop solar installation of 270 MWp, more than doubling from 111 MW in the same quarter last year.
• Maintained its position as the No. 1 player in the rooftop solar segment with over 2 lakh installations and a cumulative capacity exceeding 3.4 GWp.

Segment-wise Performance

Renewables

The renewables segment emerged as a major growth driver:

• Solar rooftop revenue more than doubled to ₹823.00 crore.
• The manufacturing business, TP Solar, reported a PAT of ₹100.00 crore and revenue of ₹1,613.00 crore.
• Manufactured 949 MW of solar modules and 904 MW of solar cells during the quarter.

Transmission and Distribution (T&D)

• T&D business PAT grew by 26% year-on-year to ₹440.00 crore (excluding one-off items from the previous year).
• Odisha Discoms PAT increased by 156% to ₹105.00 crore.

Strategic Developments

Tata Power has made significant strides in expanding its clean energy portfolio:

• Secured a Letter of Award for an 88 MW Round-the-Clock renewable project from SJVN.
• Signed a 200 MW Firm and Dispatchable Renewable Energy PPA with NTPC.
• Collaborated with Tata Motors to set up a 131 MW wind-solar hybrid project for its manufacturing units.

Management Commentary

Dr. Praveer Sinha, CEO and Managing Director of Tata Power, 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 across the clean energy value chain."

Future Outlook

Tata Power is actively pursuing its clean energy goals:

• Targeting 40 million customers by 2030.
• Applied for expansion of electricity distribution license in key growth areas of Maharashtra.
• Aims to reach over 65% of its generation portfolio from clean, green sources.

The company's focus on renewable energy, strategic partnerships, and expansion in the T&D sector positions it well for sustained growth in the evolving energy landscape.

Tata Power's Q1 FY26 results demonstrate its strong momentum in the clean energy transition and its ability to deliver consistent financial performance across diverse business segments.