ALFA Finder| Management target | Revenue 60.0% FY25 |
|---|
| Revenue growth | Steady growth led by renewables and rooftop solar execution. |
|---|---|
| Margins | Structural expansion in manufacturing; temporary collection lags in Discoms. |
| Order book | Large utility-scale solar pipeline plus ₹10,000 Cr Mumbai transmission pipeline. |
| Demand visibility | Strong sectoral demand (8.5%-11% monthly growth) due to heatwaves. |
| Management confidence | High confidence; emphasized 27 consecutive quarters of profit growth. |
Growth
PAT grew 11% YoY to ₹1,401 Cr; EBITDA up 8%. Rooftop solar and manufacturing segments showed triple-digit execution growth.
Outlook
Management plans ₹25,000 Cr capex for FY25, aiming to cross 9GW renewable capacity by year-end.
Risks
Odisha Discoms faced billing delays due to heatwaves; legacy Tata Projects continue to drag margins for another quarter.
Last quarter's promises, checked
Delivered
- Guided full year PAT growth → delivered record PAT >₹5,000 Cr (= BEAT)
- Guided 2.5GW project implementation → delivered 2,500MW (= BEAT)
- Guided rooftop solar growth → delivered 100% YoY growth (= BEAT)
Partly delivered
- Guided Mundra SPPA finalization → Delivered Gujarat signed, 4 states pending (= PARTIAL)
Missed
- Guided FY26 capex ₹22,000-25,000 Cr → delivered ₹13,000 Cr (= MISS)
Earnings Call Transcript filed with NSE, NSE: TATAPOWER. Summary written with AI assistance from the document.
Tata Power Company Ltd: key numbers
- Share price
- ₹360.00
- Market cap
- ₹1,15,032 Cr
- Revenue (annual)
- ₹62,429 Cr
- Net profit (annual)
- ₹3,747 Cr
- P/E (TTM)
- 26.7×Sector 21.7×
- Promoter holding
- 46.86%+0.00% QoQ
- FII holding
- 10.13%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Tata Power Company Ltd
All →Tata Power Company Management Change
Tata Power's board appointed Sanjay Banga as Additional Director and CEO Designate from November 11, 2026, and as CEO & MD from May 1, 2027. Both appointments are subject to shareholder approval for the CEO & MD term.
- Execution
- May 1, 2027 to April 30, 2032 (CEO & MD term, five years, subject to shareholder approval)
Tata Power Company Other Announcement
Tata Power's auditor SRBC & Co issued a limited-assurance report confirming compliance with debenture trust deed covenants as at September 30, 2026. It is a routine Reg 56(1)(d) compliance certificate with no new money or business event.
Tata Power Company Debt & Borrowing: ₹1,500 Cr
Tata Power reported using ₹1,500 Crore raised through private placement NCDs on 14 July 2026, mainly for refinancing existing debt. No deviation from the stated objects was reported.
- Value
- ₹1,500 Cr
Tata Power Company Capacity Expansion: ₹11,871 Cr Investment
Tata Power's board approved an 1,800 MW pumped storage project at Shirwata, Maharashtra. The project needs ₹11,871 crore of investment over 51 months, funded 75% by debt.
- Value
- ₹11,871 Cr
- Execution
- 51 months
- pumped storage capacity
- 1800.0 MW
Tata Power Company Results Update
Tata Power reported record Q2 FY27 PAT of ₹1,652 crore, up 33% YoY, on revenue of ₹19,886 crore. H1 FY27 PAT reached a record ₹3,053 crore.
Tata Power Company Investor Presentation: Key Takeaways
Q2 FY27 consolidated revenue ₹19,886 Cr (+28%), EBITDA ₹4,245 Cr ex one-offs (+13%), PAT before exceptionals ₹1,521 Cr (+46%). Record H1 capex ~₹10,000 Cr; FY30 aspirations unchanged.