Tata Power Q1 PAT rises 6%; RE Business Nearly Doubles Profit

Tata Power today published its financial results for the last quarter (Q1) for Financial Year 2025-26. The details furnished by the firm saw a rise in profit and revenue, both on a yearly as well as a quarterly basis. The renewable sector also reported business for the renewable sector. 

The conglomerate reported a consolidated profit after tax (PAT) rising 6% year-on-year (YoY) to ₹1,262 crore. Revenue rose 4% to ₹17,464 crore, while EBITDA increased 17% YoY to ₹3,930 crore, marking the company's 23rd consecutive quarter of profit growth.

Praveer Sinha, CEO and Managing Director, Tata Power, said, “We have commenced 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. 

Renewable Growth 

The renewables business continued to be a key growth driver, posting a 95% YoY increase in PAT to ₹531 crore during the quarter.

Tata Power commissioned 94 MW of renewable energy (RE) capacity in Q1, bringing its total operational renewable capacity to 5.6 GW—comprising 4.6 GW of solar and 1 GW of wind. The company plans to add another 1.6 GW over the remaining three quarters of FY26.

The rooftop solar segment saw standout performance, with revenues more than doubling to ₹823 crore. Tata Power recorded over 45,500 rooftop solar installations in Q1 FY26 alone, contributing to a cumulative installed base exceeding 2 lakh systems and 3.4 GWp in capacity. The segment posted a ₹90 crore PAT for the quarter, up 260% YoY.

In its solar EPC business, the company commissioned 270 MWp of solar projects in Q1 FY26, a 143% rise from 111 MW in the same period last year. It also sold 107 MW of modules and 54 MW of solar cells to third parties, with an order value of ₹1,303 crore.

Solar Manufacturing 

Manufacturing emerged as a strong pillar of growth, with TP Solar posting a PAT of ₹100 crore and revenue of ₹1,613 crore. The company manufactured 949 MW of solar modules and 904 MW of solar cells during the quarter.

On the hybrid front, Tata Power collaborated with Tata Motors to develop a 131 MW wind-solar hybrid project across its manufacturing sites in Maharashtra and Gujarat. The project is expected to generate 300 million units annually and offset over 2 lakh tonnes of CO₂ emissions.

The company secured a Letter of Award for an 88 MW round-the-clock (RTC) renewable project from SJVN under FDRE-3, expected to generate 580 million units annually. It also signed a 200 MW FDRE power purchase agreement (PPA) with NTPC, targeting 1,300 million units of annual clean power generation and 1 million tonnes of CO₂ reduction.

Tata Power is also expanding its group captive partnerships. It signed a 12.62 MWp PPA with Fiat India Automobiles and a 6 MW agreement with Tata Realty and Infrastructure Ltd for projects in Maharashtra.