Tata Power , a leading Indian power company, has announced ambitious plans to execute 2.5-3 GW of renewable energy projects in the fiscal year 2026 (FY26). This announcement comes on the heels of the company's strong performance in the first quarter of FY26, where it successfully completed 652 MW of projects.

Capex and Execution Plans

Dr. Praveer Sinha, MD and CEO of Tata Power, emphasized the company's robust execution capabilities, which have been instrumental in achieving their targets. To support these ambitious goals, Tata Power has allocated a substantial capex of Rs 25,000.00 crore for FY26. The company has already utilized Rs 3,700.00 crore in the first quarter, demonstrating its commitment to rapid expansion and development.

Solar Manufacturing Targets

In addition to its renewable energy project execution plans, Tata Power has set its sights on significant growth in solar manufacturing. The company aims to produce 3,700 MW of solar cells and modules in FY26. This target builds on its strong performance in Q1, where it produced 949 MW of solar modules and 904 MW of solar cells.

Solar Rooftop Segment Growth

Tata Power is particularly optimistic about the solar rooftop segment, which has been experiencing robust growth of 30-40% annually. This growth is expected to be further bolstered by the PM Surya Ghar Yojana initiative, a government program aimed at promoting solar energy adoption.

Operational Improvements

The company reported that its manufacturing operations have stabilized, with improved performance expected in the second quarter. In Odisha, where Tata Power operates distribution services, the company has made significant strides in reducing AT&C (Aggregate Technical and Commercial) losses through the replacement of 25 lakh meters.

Financial Performance

Tata Power's financial results for Q1 FY26 reflect its strong operational performance:

This marks the 23rd consecutive quarter of growth in Profit After Tax (PAT) for Tata Power, underscoring the company's consistent financial performance.

As Tata Power continues to expand its renewable energy portfolio and improve operational efficiencies, it remains well-positioned to capitalize on the growing demand for clean energy solutions in India.

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.