The company’s revenue from operation stood at Rs 18,035 crore which was up nearly 4% versus Rs 17,294 crore posted in the corresponding quarter of the last financial year.
The profit after tax (PAT) was 1.6% higher on a sequential basis versus Rs 1,043 crore reported by the company in Q4FY25 while the topline increased just over 5% against 17,096 crore in the January-March quarter of FY25.
Tata Power achieved an EBITDA of Rs 3,930 crore in the quarter under review which was up 17% YoY.
Q1 takeaways
— The renewables business PAT grew to Rs 531 crore which was up 95% YoY
— The company commissioned 94 MW RE capacity in Q1FY26 taking the total operational renewable capacity at 5.6 GW.
— The company in its exchange filing claimed that it maintains the top position in the rooftop solar segment with total installations above 2 lakh and cumulative capacity above 3.4 GWp. The solar rooftop segment has seen a stellar growth with revenues more than doubling to Rs 823 crore in Q1FY26 (YoY).
— Manufacturing emerged as a major growth contributor as its subsidiary TP Solar reported Rs 100 crore PAT in Q1 FY26 and achieved a revenue of Rs 1,613 crore. It manufactured 949 MW of solar module and 904 MW of solar cell in Q1 FY26.
— The T&D business PAT (without one-off in previous year) grew to Rs 440 crore, up 26 % YoY in Q1 FY26
— Odisha Discoms PAT rose to Rs 105 crore, up 156 % YoY in Q1 FY26.
The Company has also applied for expansion of distribution license in key growth areas of Maharashtra and commenced cross-border power sale through Power Exchange for 18 MW Suchhu Hydro Electric Project in Bhutan.
Management commentary
CEO & Managing Director Praveer Sinha said that the company started 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. 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,” Sinha said.
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