MUMBAI — Tata Power, one of India’s largest vertically integrated power utilities, today announced its financial results for the first quarter ended June 30, 2026, reporting an 11% year-on-year increase in Consolidated Profit After Tax (PAT) to ₹1,401 crore compared to ₹1,262 crore in Q1FY26. The company's revenue for the quarter rose 8% YoY to ₹18,898 crore, while EBITDA grew by 8% YoY to ₹4,249 crore. Demonstrating a strong commitment to expanding India's energy infrastructure, Tata Power deployed its highest-ever quarterly capital expenditure of ₹5,375 crore during the period. The core businesses of Generation, Transmission & Distribution (T&D), and Renewables delivered robust operational performance, backed by improved efficiencies that yielded a 12% growth in core revenue, a 12% rise in core EBITDA, and a 14% increase in core PAT.
The growth trajectory was heavily anchored by the company's clean energy and utility segments. The Renewables business saw its PAT rise 15% YoY to ₹612 crore, driven by a 3.9x growth in Solar Cell and Module Manufacturing PAT to ₹371 crore and a 1.7x increase in Rooftop Solar PAT to ₹145 crore. TP Solar achieved a record quarterly production of 1,001 MW of modules and 862 MW of cells, generating ₹2,462 crore in revenue. Meanwhile, the T&D business contributed ₹492 crore to PAT, with Odisha DISCOMs delivering ₹111 crore in PAT and becoming the first private utility in India to cross a 1 crore registered customer base in a single state. Key strategic developments during the quarter included the resumption of full 4,150 MW operations at the Mundra plant, the tying up of 324 MW of pumped hydro storage capacity with SECI from the Bhivpuri project, and cross-border energy partnerships in Bhutan, including UPERC approval for a 511 MW power purchase from the Khorlochhu project.
Dr. Praveer Sinha, CEO and Managing Director, Tata Power, stated that India's energy sector is entering a transformation focused on delivering reliable, round-the-clock clean energy. He highlighted that Tata Power has positioned itself ahead of this curve through an integrated supply of renewable power combining solar, wind, battery storage, and pumped hydro projects. Dr. Sinha noted that with over ₹5,000 crore in capex deployed in Q1, the return of Mundra to full operations, record rooftop solar growth, and expanded cross-border energy partnerships, the company has established a strong execution roadmap to drive its next phase of growth.
