Tata Power Company on August 1 reported a net profit of Rs 1,060 crore for the first quarter of the financial year 2026. This marks an on-year rise of more than 9 percent from the Rs 971 crore net profit reported in the corresponding quarter of the financial year 2025.
The firm’s revenue from operations meanwhile rose 4 percent on-year to Rs 18,035 crore in Q1 FY26. The company had earlier reported revenue from operations at Rs 17,294 crore in Q1 FY25.
Tata Power reported that its EBITDA rose 17 percent on-year to Rs 3,930 crore during the quarter.
The firm's profit after tax generated from the renewables business surged 95 percent on-year to Rs 531 crore. It commissioned 94 MW RE capacity in Q1 FY26, taking the total operational renewable capacity to 5.6 GW.
Tata Power said that it maintains the top position in the rooftop solar segment, with total installations standing above 2 lakh and cumulative capacity remaining above 3.4 GWp. "The Solar Rooftop segment has seen a stellar growth with revenues more than doubling to ₹823 crore in Q1FY26 (YoY)," the company said.
The Tata Group company said that it recorded 45,500 rooftop solar installation during the quarter, helping its achieve a whopping 260 YoY rise in profit after tax from the segment to Rs 90 crore.
The firm's profit after tax from Odisha Discoms surged 156 percent on-year to Rs 105 crore in Q1 FY26. The Company has also applied for expansion of distribution license in key growth areas of Maharashtra, it said.
Speaking about the company's performance in Q1, Tata Power CEO and Managing Director Praveer Sinha 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."
"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. We are proud to contribute towards India’s energy transition with a generation portfolio exceeding 26 GW (including projects under development), over 65% of which comes from clean, green sources," the CEO added.
Also read: Our LIVE blog on Q1 updates
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
