Beating analysts’ estimates by a narrow margin, Tata Power on Friday posted a 9.2% growth in profit at Rs 1,060 crore in Q1FY26 as compared to Rs 971 crore in Q1FY25. Sequentially, profits grew 1.6%. Analysts had predicted a profit of Rs 1022 crore.
The company beat analysts’ estimates on the revenue front also, posting a growth of 4.3% in its revenues at Rs 18035 crore in Q1FY26 as compared to Rs 17294 crore in Q1FY25. Analysts had estimated revenues of Rs 17,866 crore.
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The company’s Ebitda went up 15.4% to Rs 4,139 crore in Q1FY26 as compared to Rs 3,587 crore in Q1FY25.
Clean energy and distribution drive momentum
“We have commenced FY26 on a high note, with strong performance across all our business verticals. Our renewable energy portfolio continues to exceed expectations, as we drive innovation, scale, and efficiency across the clean energy value chain. Our Generation and T&D businesses are delivering impressive gains,” Praveer Sinha, CEO and Managing Director, Tata Power, said,
In line with our target to reach 40 million customers by 2030, they have applied for a license to expand our distribution footprints in key growth areas of Maharashtra, he said.
The company has a generation portfolio of 26 GW, of which 65% comes from green sources.
In a media call, Sinha said the company is in discussions with five states (Gujarat, Maharashtra, Rajasthan, Punjab, and Haryana) for its 4,000-megawatt (MW) coal-fired ultra-mega power plant (UMPP) in Mundra.
” Mundra operated under Section 11 till 30 June, and since then, we have been in discussion with all five states that we need to finalise the PPA so that there is a permanent arrangement between us and the five procurers ..We do expect that within August we’ll be able to come to some sort of an understanding, and thereafter the plan can start,” Sinha said.
UMPP talks advance; investments ramp up
Sinha said they have spent Rs 3700 crore in Q1 out of over Rs 26000 crore it has earmarked for FY26.
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The company commissioned 652 MW of projects in Q1,
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