Tata Power Renewable achieves record breaking performance in Q1FY26

Tata Power shares are in focus after the company reported a robust increase in the renewable energy segment. Tata Power share price traded flat at ₹401 apiece on the NSE.

Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited (Tata Power) has delivered a record-breaking performance in Q1 FY26.

TPREL has achieved an unprecedented 45,589 rooftop solar installations in Q1 FY26, marking a staggering 416% year-on-year growth compared to 8,838 installations in Q1 FY25. The Q1 FY26 installations propelled TPREL to a nationwide total of 2,04,443 rooftop solar installations, with a cumulative capacity surpassing 3.4 GW.

TPREL is strategically expanding its footprint in solar manufacturing, reinforcing the entire solar value chain. With a robust manufacturing capacity of 4.3 GW for cells and modules in India, coupled with over 3.4 GW of rooftop solar installations.

In Q4FY25, Tata Power reported 7.8% YoY growth in total revenue at ₹17,095 crore as compared to ₹15,846 crore. On the operational front, the EBITDA for the quarter stood at 26% YoY to ₹3,477 crore and an EBITDA margin of 20.34%. Similarly, the net profit for the quarter jumped 67% YoY to ₹1,223 crore as compared to ₹729 crore in Q4FY24.

Earlier, the company had filed for a license across key growth regions, including parts of Mumbai, Pune, Sambhaji Nagar and Nashik. Through amendments made to the Electricity Act, private distribution companies are allowed to apply to serve various parts.

The Tata Power Company Limited, a leading integrated power company and a part of the Tata Group, India's largest multinational business conglomerate, owns a diversified portfolio of 15.7 GW.