Tata Power Delivers Strong Q1 FY26 Results, Reinforces Leadership in Clean Energy and Distribution Reform

#TataPower #Q1Results #CleanEnergy #RooftopSolar #GreenEnergyIndia #EnergyTransition #DiscomReforms #RenewableIndia #SolarEnergy #SmartMetering #TPsolar #PATGrowth #SustainableFuture

Chandigarh: Tata Power, India’s largest integrated power utility, has kicked off FY26 on a strong note, reporting a 6% year-on-year rise in Profit After Tax (PAT) to ₹1,262 crore for the quarter ended June 30, 2025. This marks the 23rd consecutive quarter of PAT growth, reinforcing the company’s consistent performance across its diversified energy portfolio.

The company’s revenue grew by 4% YoY to ₹17,464 crore, while EBITDA surged 17% YoY to ₹3,930 crore, reflecting robust operational efficiency across its business verticals.

🔋 Key Financial Highlights – Q1 FY26 (YoY)

🌞 Renewables Business Shines Bright

Tata Power’s renewables segment saw its PAT almost double, clocking ₹531 crore (up 95% YoY), driven by strong capacity additions and efficient execution.

• Commissioned 94 MW of its own renewable projects; total operational RE capacity now stands at 5.6 GW

• Record rooftop solar performance: Over 45,500 new installations in Q1, taking total count to 2 lakh+

• Rooftop solar revenue more than doubled to ₹823 crore; PAT from this segment surged 260% YoY to ₹90 crore

• Solar manufacturing business (TP Solar) posted ₹100 crore PAT with 949 MW modules and 904 MW cells produced

• Total 270 MWp of rooftop projects commissioned in Q1 — a 143% jump YoY

Strategic Collaborations & Project Wins:

• Collaborated with Tata Motors on a 131 MW wind-solar hybrid project

• Signed 200 MW Firm & Dispatchable Renewable Energy (FDRE) PPA with NTPC

• Received LOA for 88 MW RTC project from SJVN

• Signed captive PPAs with Fiat India Automobiles (12.62 MWp) and Tata Realty (6 MW)

The company is targeting to add 1.6 GW of new renewable capacity over the remaining three quarters of FY26.

🔌 Transmission & Distribution (T&D) Growth Momentum

Tata Power’s T&D segment PAT grew 26% YoY to ₹440 crore, after adjusting for a one-off item in the previous year.

• Odisha Discoms delivered an impressive PAT of ₹105 crore (up 156% YoY)

• Applied for distribution license expansion in key growth markets of Maharashtra, covering Thane, Navi Mumbai, Pune, Nashik, and more

• Installed nearly 30 lakh smart meters across India in Q1

• Launched India’s first Micro Substation with Power Voltage Transformer (PVT) in Delhi

Additionally, Tata Power’s Bhutan operations began cross-border power sales for the 18 MW Suchhu Hydro Electric Project, opening new revenue avenues in the region.

🏭 TP Solar: Manufacturing Emerges as Growth Driver

Tata Power’s solar manufacturing arm, TP Solar, reported robust performance:

• ₹1,613 crore in revenue

• ₹100 crore PAT

• Manufactured 949 MW of solar modules and 904 MW of cells

• Exported 107 MW of modules and 54 MW of cells to third parties, worth ₹1,303 crore

🌿 Driving Clean Energy Awareness & Social Impact

Tata Power continued its push for energy literacy and inclusion:

• Partnered with Anupam Kher Studio to produce ‘Tanvi The Great’, supporting autism awareness through the Pay Autention initiative

• Launched the ‘EcoCrew’ programme to sensitize 3 lakh students on clean energy across 1,000 schools in UP and Uttarakhand

The company also unveiled innovations in rooftop solar:

• MySine: a compact solar + battery backup system

• Solaroof Design Spaces: lifestyle-focused rooftop solar solutions for urban homes and businesses

📈 CEO Commentary

Dr. Praveer Sinha, CEO & MD, 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. With a generation portfolio exceeding 26 GW — 65% of which is green — Tata Power remains committed to India’s energy transition goals.”

He added that the company’s Discom operations now serve ~13 million customers, and the goal is to expand this to 40 million by 2030.

🛠️ Other Notable Developments

• Work began on 1,000 MW pumped hydro storage plant at Bhivpuri, Maharashtra

• Entered into Cooling as a Service (CaaS) via Tata Power Trading with 25 new projects worth ₹5.6 crore in Q1

🧭 Outlook

With solid Q1 numbers and strong momentum across renewables, distribution, and manufacturing, Tata Power appears well-poised to continue its growth journey while playing a pivotal role in India’s clean energy transition. The company’s clear focus on customer-centric innovation, green energy, and distribution reform reinforces its leadership in the sector.

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#TataPower #Q1Results #CleanEnergy #RooftopSolar #GreenEnergyIndia #EnergyTransition #DiscomReforms #RenewableIndia #SolarEnergy #SmartMetering #TPsolar #PATGrowth #SustainableFuture