Tata Power Q1 consolidated net profit surges 9.17% YoY to ₹1,060 crore

The company’s revenue from operations came in at ₹18,035 crore during the quarter, up 4.28% from ₹17,924 crore in the corresponding period of the previous financial year.

Total expenses for the quarter stood at ₹16,336 crore, up 3.03% from ₹15,856 crore in the year-ago period.

Depreciation costs for the quarter were reported at ₹1,161 crore, compared to ₹973 crore in Q1 FY24, representing an increase of 19.32% year-on-year. Interest and finance costs stood at ₹1,279 crore, up 8.76% from ₹1,176 crore in the corresponding quarter of the previous fiscal.

Earnings before interest, tax, depreciation, and amortization (EBITDA) rose 15.39% year-on-year to ₹4,139 crore in Q1 FY26 from ₹3,587 crore in Q1 FY24. EBITDA margins for the quarter improved to 22.95% compared to 20.74% in the same quarter last year, reflecting a rise of 221 basis points.

The thermal segment recorded revenue of ₹3,621.78 crore in Q1FY26, a rise of 89.15% YoY from ₹1,914.79 crore in the year-ago period. The renewables segment reported a 63.77% YoY growth in revenue to ₹1,491.82 crore from ₹910.93 crore in Q1FY25. Revenue from the unallocated segment was ₹29.77 crore, down 44.60% YoY from ₹53.74 crore.

Net generation during the quarter increased 71% YoY to 13.5 billion units (BU), supported by renewable energy capacity additions, output from O2 Power and Mahanadi plant, and higher generation at the Vijayanagar plant after a long-term tie-up.

CEO & Managing Director Praveer Sinha said, "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. Our Discoms are providing reliable electricity to ~13 million customers. Through its all-round performance, our Odisha Discoms have emerged as the national model of Discom reforms. In-line with our target to reach 40 million customers by 2030, we have applied for license to expand our distribution footprints in key growth areas of Maharashtra."

Shares of Tata Power ended 2% lower at ₹389.75 apiece on the NSE on Friday, August 1. The stock opened at ₹397 per share.

The company's market capitalisation stands at ₹1,24,000 crore.

The stock has declined by 2.13% in the last five days. Over the last one month, similarly, it has dropped by 4.13%.

In the last six months, the stock has increased by 9.82%, while the year-to-date drop stands at 0.66%. The stock touched its 52-week high of ₹494.85 apiece on the NSE and it hit its 52-week low of ₹326.35.