Tata Power Company (TATAPOWER) Q4 24/25 earnings summary

Executive summary

• Achieved record PAT before exceptional items of ₹5,197 crore in FY25, surpassing the ₹5,000 crore milestone, with Q4 PAT up 25% year-over-year to ₹1,306 crore.

• Revenue grew to ₹65,478.24 crore in FY25, with underlying EBITDA up 13.9% to ₹15,261 crore and net profit after tax at ₹4,775.37 crore.

• Clean & Green energy forms 44% of capacity, targeting 70% by 2030 and 100% by 2045.

• Major expansion in solar rooftop, EV charging, and cell/module manufacturing, with 1.5 lakh+ rooftop installations and 5,488 public EV charging points.

• Board proposed a dividend of ₹2.25 per equity share, subject to shareholder approval.

Financial highlights

• FY25 reported revenue increased 5% year-over-year to ₹65,478.24 crore; Q4 revenue at ₹17,328 crore.

• PAT before exceptional items rose 26% year-over-year to ₹5,197 crore; FY25 reported PAT after exceptional items was ₹4,775 crore, up 11.6% YoY.

• Underlying EBITDA for FY25 reached ₹15,261 crore, up 13.9% YoY; Q4 EBITDA up 14% to ₹3,829 crore.

• Solar rooftop business Q4 revenue up 40% to ₹865 crore, EBITDA up 72% to ₹132 crore.

• Total assets as of March 31, 2025, stood at ₹1,56,711.29 crore, with total equity at ₹42,606.04 crore.

Outlook and guidance

• Targeting to double PAT and EBITDA by FY 2030, with clean & green portfolio to reach 70% of capacity by 2030 and 100% by 2045.

• Plans to commission 2.5–2.7 GW of renewable projects in FY 2026 and expand solar rooftop under PM Surya Ghar Yojna, targeting 3 million households in 3 years.

• CapEx planned at ₹25,000 crore for FY 2026, with 60% allocated to renewables and 30% to T&D.

• Continued ramp-up of 4.3 GW cell and module manufacturing plant, with all four cell lines operational.

• Company continues to supply power from Mundra Power Plant under Ministry of Power directions, extended to June 30, 2025.