Tata Power Q3FY25 profit rises 10% to Rs 1,188 cr
Mumbai: Tata Power, one of India’s leading integrated power companies, announced its financial results for the December quarter on Tuesday, reporting a 10.35% year-on-year (YoY) increase in consolidated net profit to Rs 1,187.54 crore, compared to Rs 1,076.12 crore in the corresponding period last year.
On a sequential basis, net profit rose 8.6% from Rs 1,093 crore in the previous quarter.
The company’s revenue from operations grew 5% YoY to Rs 15,391 crore, up from Rs 14,651 crore in the same quarter last year.
Consolidated EBITDA climbed 7% to Rs 3,481 crore, supported by strong business contributions and improved operational efficiency.
For the first nine months of FY25, Tata Power reported a total revenue of Rs 47,174 crore and a profit after tax (PAT) of Rs 3,909 crore.
EBITDA for the period reached an all-time high of Rs 10,639 crore, according to its earnings report.
As of December 31, 2024, Tata Power's clean and green energy capacity stands at 6.7 GW, generating over 11,700 million units (MUs) of renewable power.
With 10 GW of projects under execution, the company aims to expand its total clean energy capacity to 16.7 GW.
Its rooftop solar business recorded a 15% YoY revenue increase to Rs 509 crore in Q3FY25, while nine-month revenues surged 22% to Rs 1,346 crore.
The company remains on track to achieve its target of 30 lakh rooftop solar installations by 2030 under the PM Surya Ghar Yojana.
Expanding beyond India, Tata Power has partnered with Bhutan’s Druk Green Power Corporation Ltd. (DGPC) to develop 5 GW of clean energy capacity, comprising 4.5 GW of hydro and 500 MW of solar power.
In a first for cross-border energy trade, its subsidiary Tata Power Trading Company Ltd. (TPTCL) supplied 50 MW of renewable power to Bhutan during the quarter.
Tata Power also marked a milestone in electric vehicle (EV) infrastructure development, surpassing 1,20,000 home chargers and 1,156 e-bus charging points.
The company reaffirmed its commitment to advancing EV adoption across India, as highlighted in its Q3 earnings report.
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