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Quarterly Results

TATAPOWER · Tata Power Company Limited · NSE · Filed 27 Jul · 1 min read

Tata Power posts ₹1,401 crore Q1 FY27 profit, deploys record ₹5,375 crore capex

The power company reported an 11% year-on-year rise in consolidated PAT for the quarter ended June 30, 2026, alongside its highest-ever quarterly capital expenditure.

What was filed

Tata Power released its Q1 FY27 results for the quarter ended June 30, 2026, comprising audited standalone and unaudited consolidated financial results. The consolidated numbers show growth in revenue, EBITDA and reported PAT over the same quarter a year earlier. Alongside the headline financials, the company disclosed its highest-ever quarterly capital expenditure, which CEO Dr. Praveer Sinha described as beginning FY27 with a strong project implementation roadmap.

Where the growth came from

Per the filing, the clean-energy and manufacturing lines drove much of the quarter's momentum. Renewables business PAT rose 15% year-on-year, solar cell and module manufacturing PAT grew 3.9x, and rooftop solar PAT grew 1.7x. TP Solar recorded its highest-ever quarterly production of 1,001 MW of modules and 862 MW of cells. The transmission and distribution business reported PAT growth of 11%, and the Odisha DISCOMs crossed one crore registered customers in a single state — described in the filing as a first for a private utility.

Portfolio and project pipeline

The filing details several capacity and project developments. The total renewable portfolio stands at 12 GW (6.7 GW operational, 5.3 GW under implementation). The Mundra plant resumed full 4,150 MW operations from April 1, 2026, running under Section 11 directions extended to September 30, 2026. The company secured a Letter of Award from SECI to supply 324 MW for 40 years from its 1,000 MW Bhivpuri pumped hydro project. Tata Power also reported a Letter of Intent for the Ryapte transmission project in Karnataka and progress on cross-border hydropower partnerships in Bhutan.

Revenue (Q1 FY26)
₹17,464 → ₹18,898 crQ1 FY26 → Q1 FY27+8%
EBITDA (Q1 FY26)
₹3,930 → ₹4,249 crQ1 FY26 → Q1 FY27+8%
Reported PAT (Q1 FY26)
₹1,262 → ₹1,401 crQ1 FY26 → Q1 FY27+11%
Net margin
7.2% → 7.4%Q1 FY26 → Q1 FY27held ~7%
Capital expenditure (Q1 FY27)
₹5,375 crore
Renewables PAT (Q1 FY27)
₹612 crore
T&D PAT (Q1 FY27)
₹492 crore
Total renewable portfolio
12 GW
Bhivpuri PSP capacity tied up with SECI
324 MW (of 1,000 MW)

‡ Computed by us from the filing’s own figures — not a company-stated number.

For a holder, the filing sets out the company's quarterly earnings and its record capital deployment, alongside the operational status of major assets such as the Mundra plant and the renewables and manufacturing pipeline. The disclosures are descriptive of the quarter and the stated project roadmap; the Section 11 arrangement at Mundra is noted as extended only to September 30, 2026.

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