Tata Power began fiscal 2025-26 with strong Q1 numbers, demonstrating continued growth in its core and renewable energy businesses during a turbulent energy environment. For the June 30, 2025, quarter, the company posted a net profit of ₹1,059 crore, a 26% year-on-year (YoY) increase from that during the same quarter last year. Revenues rose 4.6% to ₹18,035 crore, while total income crossed ₹18,396 crore, highlighting wide-based operational strength across businesses.
Quarterly Results at a Glance
- Net Profit: ₹1,059 crore (up 26% YoY)
- Revenue from Operations: ₹18,035 crore (up 4.6% YoY)
- EBITDA: ₹3,930–4,139 crore (up 17% YoY)
- Earnings Per Share: ₹3.30 (up 10% YoY)
- EBITDA Margin: Increased to 23% from 20.5% last year
Growth Drivers
- Renewable Energy Surge: Tata Power’s renewables business remained on a high-growth path, with profit after tax (PAT) jumping 95% YoY to ₹531 crore. The company commissioned 94MW of new renewable energy capacity, bringing its operational total to 5.6GW. It retained its leadership in rooftop solar, crossing 2 lakh installations and logging an all-time high of 270MWp commissioned in this quartern up 143% from Q1 last year. Rooftop solar revenues increased more than twofold to ₹823 crore, and segment PAT surged 260% YoY to ₹90 crore.
- Manufacturing & Solar Growth: TP Solar, the manufacturing business of Tata Power, became a growth driver, reporting ₹100 crore PAT on revenues of ₹1,613 crore. The business produced 949MW of solar modules and 904MW of solar cells during Q1 and sold 107MW of modules and 54MW of cells to third parties, solidifying the company’s position in the domestic solar value chain.
- Transmission & Distribution (T&D): T&D Adjusted PAT, excluding one-offs, soared 26% YoY to ₹440 crore. Odisha discoms helped with a 156% PAT jump to ₹105 crore. The company enhanced its distribution reach and sought fresh licenses in several major Maharashtra cities. An aggregate of 30 lakh smart meters were installed across the country this quarter, indicating digital infrastructure advancement.
Strategic Moves & Outlook
- Tata Power initiated cross-border sale of power from its 18MW Bhutan project: The company will add 1.6GW of utility-scale renewable capacity in the subsequent three quarters and is developing significant transmission projects, with a target of achieving more than 7,000 circuit kilometers (Ckm) of operational lines by 2027.
In the face of regulatory headwinds, cost pressures, and marginal stock correction after results, Tata Power’s Q1 performance reinforces its strong execution, green transition leadership, and stable outlook in the rest of FY26.
Tata Power management placed emphasis on its dedication to India’s energy transformation, pointing out that more than 65% of its 26GW generation pipeline today originates from clean, green sources. With its continued emphasis on renewable, manufacturing, and digital power distribution, the company is well placed for sustainable growth in FY26 and beyond.
