Tata Power Q1 FY26 Earnings Results: PAT Rises 6% to ₹1,262 Crore; Revenue at ₹17,464 Crore

Tata Power has started FY26 on a strong note, posting a profit after tax (PAT) of ₹1,262 crore, up 6% YoY, marking its 23rd straight quarter of profit growth. Revenue for the quarter rose 4% YoY to ₹17,464 crore, while EBITDA jumped 17% YoY to ₹3,930 crore.

Tata Power Key Financials (Q1 FY26 vs Q1 FY25)

• Revenue: ₹17,464 crore (↑ 4%)
• EBITDA: ₹3,930 crore (↑ 17%)
• PAT: ₹1,262 crore (↑ 6%)

Renewable Energy Growth

Tata Power’s renewables business continues to perform strongly:

• PAT from renewables soared 95% YoY to ₹531 crore
• 94 MW commissioned this quarter; total renewable capacity now at 5.6 GW
• Record rooftop solar installations of 270 MWp in Q1FY26
• Rooftop solar revenue more than doubled to ₹823 crore, with PAT of ₹90 crore (↑ 260% YoY)
• Manufacturing arm TP Solar reported ₹100 crore PAT, manufacturing 949 MW of solar modules and 904 MW of solar cells

Transmission & Distribution (T&D)

• T&D PAT (excluding one-off) rose 26% YoY to ₹440 crore
• Odisha Discoms PAT increased 156% YoY to ₹105 crore
• Applied for an electricity distribution license expansion in parts of Maharashtra

Tata Power Q1 FY26: Other Highlights

• Tata Power Trading began cooling-as-a-service (CaaS) with 25 new HVAC optimisation projects
• Cross-border power trading started from Bhutan’s Suchhu Hydro Project (18 MW)
• Installed ~30 lakh smart meters across India
• Tata Power-DDL commissioned India’s first Micro Substation with Power Voltage Transformer in Delhi
• Construction started on a 1,000 MW pumped hydro storage in Bhivpuri
• Awareness drive for clean energy continued across schools via the EcoCrew programme

Dr. Praveer Sinha, CEO & MD, said, “We’re pleased with the all-round growth. Our clean energy push, solar innovation, and customer-first approach are helping us scale sustainably. We aim to expand to 40 million customers by 2030 and are applying for more distribution licenses in high-growth areas.”

About Tata Power

Tata Power is India’s largest integrated power company with a portfolio of 15.8 GW, including 7 GW from renewable sources. The company serves ~13 million customers and is targeting Net Zero by 2045.

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Tata Power Share Price Movement

As of 1 August 2025 at 3:30 pm IST, Tata Power Company share price (NSE: TATAPOWER) was trading at ₹389.75, down by ₹8.00 or 2.01% for the day. The stock opened at ₹395.10 and moved between a high of ₹398.15 and a low of ₹388.20 during the session. Over the past 52 weeks, Tata Power shares have touched a high of ₹494.85 and a low of ₹326.35. 

Conclusion

Tata Power has delivered a solid Q1FY26 with notable growth across renewables, solar manufacturing, and T&D. The company’s consistent financial discipline and push toward clean energy reinforce its position as a key player in India’s green energy transition.

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