Tata Power Q1 FY27 profit rises 11%; quarterly capex reaches ₹5,375 crore
Tata Power reported revenue growth of 6% to ₹19,051 crore and an 8% rise in EBITDA, led by renewables, solar manufacturing and rooftop solar. The company deployed ₹5,375 crore in quarterly capex.
What happened
Tata Power reported Q1 FY27 profit growth of 11% and deployed record quarterly capex of Rs 5,375 crore. Strong renewables, solar manufacturing and pan-India
Key facts
- Consolidated net profit: Rs 1,175.93 crore, up 10.95% YoY
- Revenue from operations: Rs 19,051.26 crore, up 5.64% YoY
- EBITDA: Rs 4,249 crore, up 8% YoY
- Quarterly capex: Rs 5,375 crore
- Renewables PAT: Rs 612 crore, up 15% YoY
- Solar cell and module manufacturing PAT: Rs 371 crore, up 3.9 times YoY
- Rooftop solar PAT: Rs 145 crore, up 1.7 times YoY
- T&D PAT: Rs 492 crore, up 11% YoY
- T&D EBITDA: Rs 1,541 crore, up 14% YoY
Why this matters
Tata Power’s accelerating renewable and distributed-solar buildout may create partnership opportunities for retailers seeking onsite generation, rooftop solar and decarbonization solutions.
What to watch
- Quarterly capex versus operating cash flow, net debt and interest-cost trends.
- Renewable project commissioning pipeline, capacity additions and plant load factors.
- Solar module/manufacturing utilization, realization trends and policy support for domestic sourcing.
- Rooftop solar order book, installations, financing availability and consumer subsidy implementation.
- Distribution AT&C losses, receivable days and regulatory tariff-order outcomes.
- EBITDA margin progression relative to the 6% revenue-growth rate.
- Any increase in funding requirements, project delays or impairment risk.
- Maintain elevated renewable, transmission, distribution and solar-manufacturing capex through FY27.
- Prioritize project commissioning and capacity-utilization improvements to convert capex into EBITDA and cash flow.
- Expand rooftop solar, distributed energy and commercial-and-industrial customer offerings.
- Use operating cash flow, asset monetization, partnerships or selective equity funding to manage leverage.
- Seek tariff, regulatory and distribution-loss improvements in core discom markets.