Tata Power net profits rises 9% to Rs 1,060 crore

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.

ALSO READITC Q1: From FMCG to cigarettes, 3 key takeaways you cannot miss

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. 

ALSO READTariff to spark massive job losses, warn textile exporters

The company commissioned 652 MW of projects in Q1,

 » Read More

Related Articles

NRIs can lower TDS on sale of property with this one certificate

WHENEVER A NON-RESIDENT Indian (NRI) sells a property, the buyer has to deduct tax on the gross sale consideration rather than on the actual taxable gains. However, there’s a way out to ensure that tax is withheld only on the real capital gains arising from the sale and not on the entire transaction value.  For this

Esports charts growth path with gaming Bill backing

After being formally separated from gambling-based segments, esports are now eyeing towards becoming a far more attractive proposition for mainstream corporate sponsors and institutional investors. Esports’ Rise vs. RMG’s Decline Esports, which traditionally depends on sponsorships and media rights, is now expected to grow fan-led monetisation through event ticketing, merchandise and digital engagement. Big brands

Shares worth Rs 1.75 lakh crore set to unlock by November-end

Shares worth Rs 1.75 lakh crore are set to be unlocked in the next three months (August 28-November 27), as the pre-listing lock-in period of promoters, anchor investors, and other shareholders in 57 companies is set to expire, according to a report by Nuvama Institutional Equities.  While this unlocking will increase the supply of shares

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

NRIs can lower TDS on sale of property with this one certificate

WHENEVER A NON-RESIDENT Indian (NRI) sells a property, the buyer has to deduct tax on the gross sale consideration rather than on the actual taxable gains. However, there’s a way out to ensure that tax is withheld only on the real capital gains arising from the sale and not on the entire transaction value.  For this

Esports charts growth path with gaming Bill backing

After being formally separated from gambling-based segments, esports are now eyeing towards becoming a far more attractive proposition for mainstream corporate sponsors and institutional investors. Esports’ Rise vs. RMG’s Decline Esports, which traditionally depends on sponsorships and media rights, is now expected to grow fan-led monetisation through event ticketing, merchandise and digital engagement. Big brands

Shares worth Rs 1.75 lakh crore set to unlock by November-end

Shares worth Rs 1.75 lakh crore are set to be unlocked in the next three months (August 28-November 27), as the pre-listing lock-in period of promoters, anchor investors, and other shareholders in 57 companies is set to expire, according to a report by Nuvama Institutional Equities.  While this unlocking will increase the supply of shares

GST reforms plan get a leg up with GoM nod

Paving the way for an overhaul of the eight-year-old goods and services tax (GST) regime, a group of ministers on rate rationalisation has given its nod to the Centre’s proposal for a reduction in tax slabs and rates, even as some opposition-ruled state sought compensation for revenue losses. This is a shot in the arm

Experts warn Online Gaming Bill could revive satta market, hurt digital economy

After the government unveiled a sweeping ban that could wipe out their businesses overnight, a shell-shocked online gaming industry has requested the government to reconsider and take a more calibrated stance on banning real money gaming (RMG). Some are also weighing the option of taking legal recourse.  The Esports Players Welfare Association (EPWA) on Wednesday