Tata Power Company (TATAPOWER) Q1 26/27 earnings summary

Executive summary

• Q1 FY27 revenue rose to ₹19,051.26 crore, up 8% YoY, with PAT at ₹1,401 crore, and EBITDA at ₹4,249 crore, driven by growth across regulated and non-regulated businesses.

• Record quarterly capex of ₹5,375 crore, with significant investments in renewables, transmission, and solar manufacturing.

• Clean & Green energy accounted for 86% of India's capacity additions in Q1 FY27, with installed RE capacity reaching 6.7 GW.

• The Board approved a final dividend of ₹2.50 per share, totaling ₹798.83 crore, paid in July 2026.

Financial highlights

• Consolidated revenue: ₹19,051.26 crore (up 8% YoY); EBITDA: ₹4,249 crore (up 8% YoY); PAT: ₹1,401 crore (up 11% YoY).

• Underlying EBITDA (including JVs/associates): ₹4,490 crore.

• EPS (adjusted): ₹3.7 for Q1 FY27; net profit margin at 7%.

• Rooftop business revenue doubled YoY; four-year CAGR at 58%.

• Net debt to EBITDA at 3.41x; net debt to equity at 1.25x.

Outlook and guidance

• Targeting >30 GW total capacity and >20 GW clean & green capacity by FY30.

• On track to deliver 2.5 GW RE capacity addition in FY27; 87% of pipeline RE projects tied in long-term PPAs.

• Rooftop business targeted to grow 60%-70% this year.

• CapEx guidance for FY27 at ₹25,000 crore, with 50% allocated to renewables.

• Q2 expected to see significant ramp-up in renewable commissioning and improved Odisha collections.