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Tata Power has recorded its 25th consecutive quarter of PAT growth, posting INR 1,194 crore in Q3 FY26 and INR 3,702 crore for the nine-month period. Revenue and EBITDA also rose steadily, reflecting the resilience of its integrated energy portfolio across renewables, conventional power, transmission, and distribution. Key achievements include surpassing 10 GW of renewable EPC execution, over 4 GWp of rooftop solar installations, strong Odisha DISCOM performance, and World Bank-backed hydropower investment in Bhutan. These milestones highlight the company's focus on sustainable growth, clean energy expansion, and system resilience.
Tata Power, one of India's largest vertically integrated power companies, reported a Profit After Tax (PAT) of INR 1,194 crore for the third quarter ending December 31, 2025, supported by strong performance across its diversified business segments. The company generated revenue of INR 14,485 crore and recorded an EBITDA of INR 3,913 crore during the same period. Advertisement
For the nine-month period, Tata Power's PAT rose to INR 3,702 crore, reflecting a 7% increase compared to the previous year. Revenue reached INR 47,719 crore, a 1% year-on-year increase, while EBITDA grew 12% to INR 11,874 crore. The company attributed this steady growth to the strength of its integrated portfolio, spanning renewable energy, conventional generation, transmission and distribution, and new energy solutions.
The CEO and Managing Director, Dr Praveer Sinha, highlighted that the quarter witnessed strong execution across all business verticals. Tata Power achieved a milestone of 10 GW of cumulative renewable EPC execution and set new records in solar cell and module output. Rooftop solar installations exceeded 4 GWp, underscoring the company's commitment to expanding clean energy capacity. Tata Power now serves over 13 million distribution customers nationwide, holding the largest private utility customer base in India. Its Odisha DISCOMs reported robust operational and financial performance, earning A+ and A grades in the Ministry of Power's 14th Integrated Ratings, reflecting sustained improvements in operational efficiency and financial management.
In the transmission segment, the company commissioned key projects to strengthen green energy corridors. Additionally, financing from the World Bank for Bhutan's largest public-private partnership hydropower project further strengthened Tata Power's clean energy portfolio and regional cooperation. Dr Sinha noted that the company's nine-month performance positions it strongly as it moves into 2026, backed by favorable macroeconomic conditions and growing power demand driven by manufacturing, urbanization, and AI-enabled digital infrastructure. Tata Power remains focused on scaling clean energy responsibly, enhancing system resilience, and delivering reliable, long-term growth.
The company continues to expand its renewable capacity, commissioning SJVN's 1 GW and NHPC's 300 MW DCR-compliant solar projects using modules from its Tirunelveli facility and adding 357 MW of in-house renewable energy capacity. Overall, Tata Power's utility-scale renewable capacity now stands at 6.1 GW, with 4.9 GW from solar and 1.2 GW from wind energy. Furthermore, Tata Power Renewables entered into a power purchase agreement with Tata Power Mumbai Distribution to establish an 80 MW firm and dispatchable renewable energy project, further strengthening its clean energy footprint.
In distribution, Tata Power's Odisha operations reduced aggregate technical and commercial losses by 1.9%, reflecting enhanced operational efficiency. TPNODL and TPCODL achieved A+ ratings, while TPWODL secured an A grade in the Ministry of Power's 14th Integrated Ratings, demonstrating consistent improvement in service delivery and financial health. Transmission projects covering approximately 2,400 circuit kilometers are progressing as planned, with the company on track to exceed 7,000 circuit kilometers of operational capacity by FY28.
Source PTI
5th Jun, 2025
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