Tata Power posted a 11% growth in its consolidated net profit on Monday, July 27, at ₹1,176 crore for the first quarter of the current financial year (Q1 FY27) as compared to ₹1,060 crore logged during the same period last year.
The increase in net profit was driven by growth across all clusters, partly offset by lower income from Tata Projects and higher corporate costs. The company also recorded quarterly capital expenditure of ₹5,375 crore in Q1 FY27.
The Tata firm’s revenue from operations increased 5.6% to ₹19,051 crore in the April-June quarter as against ₹18,035 crore seen in the year-ago period.
Tata Power’s operating profit, also known as earnings before interest, taxes, depreciation, and amortisation (EBITDA), slipped 3% to ₹4,013 crore as compared to ₹4,139 crore in the corresponding quarter of the previous fiscal year.
Its EBITDA margin also contracted to 21.06% in the reporting quarter from 22.95% in Q1 FY26.
“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,” Dr. Praveer Sinha, CEO and Managing Director, Tata Power.
“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,” Sinha added.
Security issuance
Apart from the earnings, the company’s Board of Directors has also approved the issuance of debt securities worth up to ₹4,500 crore. These will be issued in one or more tranches and could include non-convertible debentures (NCDs), bonds, or other listed and rated instruments on a private placement basis.
The company added that these securities may be issued to eligible investors such as companies, banks, financial institutions, and other permitted entities, in line with applicable regulations. The issuance will be within the limits approved by shareholders at the Annual General Meeting held on July 4, 2025.
The funds raised through the process will be utilised amongst other things for refinancing of existing loans, Tata Power said in a regulatory filing.
Segment updates
Tata Power’s core businesses of generation, transmission and distribution (T&D), and renewables are driving growth. Revenue rose 12% YoY, while EBITDA also increased 12% and profit after tax (PAT) grew 14%, supported by improved operational efficiency.
The renewables segment saw PAT rise 15% YoY to ₹612 crore. Within this, solar cell and module manufacturing reported PAT of ₹371 crore, marking a 3.9x increase year-on-year. The rooftop solar business posted PAT of ₹145 crore, up 1.7x YoY, driven by execution across India and higher adoption among consumers.
The T&D business reported PAT of ₹492 crore and EBITDA of ₹1,541 crore in Q1 FY27, reflecting growth of 11% and 14% YoY, respectively. Odisha DISCOMs recorded PAT of ₹111 crore, up 6% YoY, and became the first private utility to cross 1 crore registered customers in a single state.
On Monday, Tata Power shares settled at ₹377.35 apiece on the National Stock Exchange, gaining 0.79%. The earnings, however, were released after the market hours.