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Earnings Call

Tata Power Company Earnings Call: Key Takeaways

Tata Power reported a strong FY26 with PAT exceeding ₹5,000Cr for the first time. EBITDA grew 11% YoY to ₹16,090Cr driven by generation, distribution, and renewables.

Why this was an Alfa AlertNot a filter event. FY26 capex of ₹130 billion was significantly below the prior guidance of ₹220-250 billion.
Highlights
MarginsStable leverage; net debt to EBITDA at 3.3x; net debt/equity 1.2x.
Order book5GW renewable pipeline under implementation; 50% completion target for FY27.
Demand visibilityStrong; power demand up 5-6% from April; peak demand hitting 256GW.
Management confidenceHigh; citing stabilized businesses and robust 5GW project pipeline.

Growth

FY26 PAT >₹5,000Cr. Q4 EBITDA up 10% to ₹4,216Cr; Q4 PAT up 8% to ₹1,416Cr YoY.

Outlook

FY27 capex guided at ₹25,000Cr. Targeting 2.5GW annual capacity addition; 20% rooftop solar market share in 3 years.

Risks

Transmission project delays (ISTS/TBCB), Right of Way (ROW) issues, and potential Indonesian coal export tax changes.

Source

Earnings Call filed with NSE, NSE: TATAPOWER. Summary written with AI assistance from the document.

Read the document ↗

Tata Power Company Ltd: key numbers

Share price
₹367.50
Market cap
₹1,17,429 Cr
Revenue (annual)
₹62,429 Cr
Net profit (annual)
₹3,747 Cr
P/E (TTM)
30.4×Sector 25.1×
Promoter holding
46.86%+0.00% QoQ
FII holding
10.03%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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