Tata Power Q1 profit rises 6% to ₹1,262 cr; rooftop solar, renewables and manufacturing drive strong growth
New Delhi: Tata Power reported a consolidated net profit of ₹1,262 crore for the quarter ended June 2025 (Q1FY26), up 6% year-on-year, marking its 23rd consecutive quarter of profit growth.
The company’s revenue grew 4% to ₹17,464 crore, while EBITDA rose 17% to ₹3,930 crore during the same period.
“Our renewable energy portfolio continues to exceed expectations, as we drive innovation, scale, and efficiency across the clean energy value chain,” said Dr. Praveer Sinha, CEO & MD, Tata Power.
“Our Odisha Discoms have emerged as the national model of Discom reforms. In-line with our target to reach 40 million customers by 2030, we have applied for a license to expand our distribution footprints in key growth areas of Maharashtra,” he added.
Renewables and rooftop solar see surge
The company’s renewables PAT nearly doubled to ₹531 crore, driven by strong performance across its solar and wind portfolio.
It commissioned 94 MW of renewable capacity during the quarter, taking total operational renewable capacity to 5.6 GW.
Tata Power also posted a record 270 MWp of rooftop solar installations, crossing 2 lakh installations and a cumulative capacity of 3.4 GWp.
Revenues from rooftop solar more than doubled to ₹823 crore, while PAT for the segment jumped 260% to ₹90 crore.
The company launched its ‘Ghar Ghar Solar’ campaign in Bhubaneswar and Jaipur, now active in six states, and introduced two new rooftop lifestyle solutions—MySine, a smart solar+battery backup system, and Solaroof Design Spaces, a range of aesthetic rooftop installations.
Manufacturing, EPC and strategic tie-ups boost business
TP Solar, the company’s solar manufacturing arm, posted a ₹100 crore PAT on revenue of ₹1,613 crore. It manufactured 949 MW of modules and 904 MW of cells during the quarter and sold 107 MW of modules and 54 MW of cells to third parties.
Strategic partnerships were inked during Q1FY26, including a 131 MW wind-solar hybrid project with Tata Motors and power agreements with NTPC, SJVN, Fiat India, and Tata Realty.
These projects are expected to offset nearly 1.7 million tonnes of CO₂ annually.
T&D and Discoms Deliver Strong Growth
The transmission and distribution (T&D) business recorded a 26% increase in PAT to ₹440 crore (excluding a one-off from last year). Odisha Discoms posted 156% growth in PAT at ₹105 crore.
Tata Power applied for expanding its distribution license in Maharashtra, targeting high-growth regions like Thane, Navi Mumbai, Pune, and Nashik.
The company also achieved a milestone of installing ~30 lakh smart meters and received MERC approval for ₹1,800 crore worth of Mumbai transmission projects.
New developments and ESG initiatives
Tata Power began work on a 1,000 MW pumped hydro storage plant in Maharashtra and launched a Cooling-as-a-Service (CaaS) business through its trading subsidiary.
As part of its ESG and social responsibility initiatives, Tata Power supported the autism awareness film Tanvi The Great, and continued its EcoCrew programme targeting energy literacy among 3 lakh students across Uttar Pradesh and Uttarakhand.
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