Tata Power Reports 11 Percent YoY Rise in Q1 FY27 PAT to INR 1,401 Crore

Tata Power has reported a consolidated Profit After Tax (PAT) of INR 1,401 crore for the quarter ended June 30, 2026, marking an 11 percent year on year increase. Revenue rose 8 percent year on year to INR 18,898 crore, while EBITDA increased 8 percent to INR 4,249 crore.

The company said that its core businesses of generation, transmission and distribution, and renewables delivered strong performance in the first quarter, supported by improved operational efficiency. The businesses recorded 12 percent growth in revenue, 12 percent growth in EBITDA and 14 percent growth in PAT year on year.

Tata Power's renewables business reported a 15 percent year on year increase in PAT to INR 612 crore in Q1 FY27. Its solar cell and module manufacturing business recorded PAT of INR 371 crore, registering 3.9 times year on year growth, while the rooftop solar business reported PAT of INR 145 crore, up 1.7 times year on year.

The company deployed its highest ever quarterly capital expenditure of INR 5,375 crore during the quarter. Its renewable energy portfolio stood at 12 GW, including 6.7 GW of operational capacity and 5.3 GW under implementation.

TP Solar achieved its highest ever quarterly production of 1,001 MW of solar modules and 862 MW of solar cells during the quarter. The manufacturing business generated revenue of INR 2,462 crore. Tata Power is also developing a 10 GW photovoltaic ingot and wafer manufacturing facility in two phases of 5 GW each and has signed an MoU with Gopalpur SEZ for 128 acres of land.

In the rooftop solar segment, Tata Power installed 371 MWp during the quarter, up 37 percent year on year, generating rooftop revenue of INR 1,350 crore. Its cumulative rooftop solar installations reached 5.2 GWp, serving more than 4.8 lakh customers through a network of 3,778 authorised channel partners and retailers. The company has also launched solar plus battery solutions for the wider market.

The company's transmission and distribution business reported PAT of INR 492 crore and EBITDA of INR 1,541 crore, reflecting year on year growth of 11 percent and 14 percent, respectively. Tata Power also secured a Letter of Intent for the 491 circuit kilometre Ryapte intra state transmission project in Karnataka, involving capital expenditure of more than INR 4,000 crore.

In energy storage, Tata Power secured a Letter of Award from SECI to supply 324 MW for 40 years from its 1,000 MW Bhivpuri Pumped Hydro Storage Project in Maharashtra. The company said that the upper reservoir has been constructed, while work on civil, electro mechanical, hydro mechanical and GIS packages is progressing.

Tata Power's Odisha DISCOMs reported PAT of INR 111 crore, up 6 percent year on year. The company said that the DISCOMs became the first private utility to cross a registered customer base of one crore in a single state.

The company's Mundra plant resumed full 4,150 MW operations from April 1, 2026, and is currently operating under Section 11. The Ministry of Power has extended the Section 11 directions until September 30, 2026.

Tata Power also highlighted progress in cross border clean energy partnerships. UPERC has cleared UPPCL's 511 MW long term power purchase from the 600 MW Khorlochhu project in Bhutan. Tata Power and Bhutan's Druk Green Power Corporation have also signed an MoU for the 404 MW Nyera Amari I and II Integrated Hydropower Project.

In electric mobility, Tata Power's EZ Charge network has expanded to more than 2.4 lakh home chargers, over 5,900 public, semi public and fleet charging points, and more than 1,200 e bus charging points across 717 cities and towns. The network has over six lakh registered users.

During the quarter, Tata Power commissioned Ladakh's first commercial rooftop solar project, a 50 kWp system in Leh, and the 100.8 MW Jewali Wind Project in Dharashiv, Maharashtra. The company also said that Tata Power Delhi Distribution crossed 10,000 rooftop solar installations in Delhi, representing 160 MWp of distributed clean energy.

Dr. Praveer Sinha, CEO and Managing Director of Tata Power, said that  the company's focus is shifting towards reliable, round the clock clean energy supported by solar, wind, battery storage and pumped storage projects. He added that more than INR 5,000 crore was deployed towards capital expenditure during the quarter, supporting the company's project implementation roadmap for FY27.

Tata Power said that  it remains focused on expanding domestic manufacturing, large scale renewable energy development, energy storage and cross border clean energy partnerships as it works towards its Net Zero target by 2045.