New Delhi: Tata Power has released its financial results for the first quarter. The company achieved EBITDA of ₹ 4,249 crore up 8% (YoY) and Revenue at ₹ 18,898 crore up 8% (YoY).
Key Highlights:
- Core Business of Generation, Transmission & Distribution and Renewables delivers strong performance backed by improved operational efficiency with Revenue growth of 12%, EBITDA growth of 12% and PAT growth of 14% YoY in Q1FY27
- Renewables Business PAT rises to ₹ 612 crore, up 15% YoY in Q1FY27
- Solar Cell and Module Manufacturing PAT grows to ₹ 371 crore in Q1 FY27 with 3.9x growth YoY
- Rooftop Solar PAT grows to ₹ 145 crore in Q1FY27 with 1.7x growth YoY on the back of pan India execution and increased adoption across consumer segments
- T&D Business reports PAT of ₹ 492 crore and EBITDA of ₹ 1,541 crore in Q1FY27, reflecting a growth of 11% and 14% YoY, respectively
- Odisha DISCOMs PAT grows to ₹ 111 crore in Q1FY27, up 6% YoY; become first Private Utility to cross 1 crore registered customer base in a single state
- Fast-Tracking Pumped Hydro Growth: 324 MW of the 1,000 MW of Bhivpuri PSP capacity tied up with SECI
The Company has commenced FY27 on a strong footing, with the first quarter reflecting solid execution across its businesses and reinforcing the strategic priorities that will drive the next phase of growth.
As green energy adoption accelerates, Tata Power is strategically investing across the value chain from domestic manufacturing and large-scale renewable development to cross-border clean energy partnerships and energy storage solutions. The Company is building capabilities that enhance grid flexibility and reliability through a combination of pumped hydro storage, battery energy storage systems and hybrid energy solutions. These efforts are pioneering dependable clean energy access for commercial, industrial and residential consumers.
Consolidated Financial Performance (in ₹ crore)
| Particulars | Q1 FY27 | Q1 FY26 | % Change YoY |
| Revenue | 18,898 | 17,464 | 8% |
| EBITDA | 4,249 | 3,930 | 8% |
| Reported PAT | 1,401 | 1,262 | 11% |
Dr. Praveer Sinha, CEO and Managing Director, Tata Power, said: “India’s energy sector is entering its next phase of transformation where the focus is shifting to delivering reliable, round-the-clock clean energy. At Tata Power, we have positioned ourselves ahead of this curve through our integrated and bundled supply of RTC Renewable power though solar, wind, battery storage and pumped storage projects.
This quarter marks several strategic milestones that will shape our next phase of growth. With more than ₹5,000 crore deployed towards capex during Q1, we have begun FY27 with a strong project implementation roadmap.
The return of Mundra to full operations, industry leading solar rooftop growth and deepening cross-border energy partnerships further reinforce our position as a leading integrated power company.”
Business Highlights – Q1 FY27
Generation:
- Traditional Generation demonstrated strong operational performance and resilience while maintaining minimal to zero forced outages during the Quarter. The average availability stood at robust 96.2%.
- Tata Power continues to make significant engineering progress across the Bhutan hydropower projects-Khorlochhu and Dorjilung.
- At the 1,000 MW Bhivpuri Pumped Storage Project, the upper reservoir has been constructed and Civil, Electro-Mechanical, Hydro-Mechanical and GIS packages awarded & works are progressing well.
Renewables
- The cluster posted strong performance as quarter EBITDA increased 8% YoY to ₹ 1,696 crore from ₹ 1,567 crore in Q1 FY26 driven by capacity additions, higher sales from Solar Manufacturing & Rooftop solar
- Total renewable portfolio at 12.0 GW, of which 6.7 GW operational (5.4 GW solar, 1.3 GW wind) and 5.3 GW under implementation.
- Commissioned Ladakh’s first commercial rooftop solar project, a 50 kWp system in Leh, marking the region’s entry into distributed clean energy.
- Commissioned the 100.8 MW Jewali Wind Project in Dharashiv, Maharashtra, generating ~299 million units annually and supplying clean power to Tata Power Mumbai Distribution
- Rooftop Business expands its addressable market with complete solar solutions (Solar plus Battery). The order book stands at ₹639 crore.
Transmission & Distribution
- Announced plans to upgrade Mumbai’s Transmission and Distribution network by 2031, including a 400 kV ring network to serve data centres and metro lines.
- Tata Power Delhi Distribution Limited crosses 10,000 Rooftop Solar installations in Delhi creating 160 MWp of distributed clean energy.
Electric Mobility
- Commissioned ultra-fast charging stations with Indian Oil on the Delhi–Mumbai Expressway (63rd and 69th Milestones, Haryana)
- Signed an MoU with Varanasi Smart City to expand EV charging across transit hubs, parking areas and tourist sites
- Tata Power and Tata Passenger Electric Mobility Limited (TPEM) inaugurated Telangana’s first high-speed Tata.ev MegaCharger hub in Hitech City, Hyderabad.
