Tata Power, one of India’s largest integrated power companies, has posted a net profit (profit after tax) of INR 1,189 crore (around $141.64 million) for the first quarter of FY 2024-25, a 31% growth year-on-year. This also marks the company’s highest ever and 19th consecutive quarter of PAT growth.
Tata Power’s revenue rose 12% YoY to a record high of INR 16,810 crore, and EBITDA grew 11% to INR 3,350 crore in Q1 FY 2025.
The company attributed this stellar performance to strong operational performance and execution excellence across all its businesses of generation, transmission & distribution, and renewables. These businesses contributed 84% of the PAT in Q1 FY25 compared to 72% in the same period in FY24.
Tata Power has a clean and green installed capacity of 6.1 GW (3,743 MW solar, 1,034 MW wind, 880 MW hydro, and 443 MW waste heat recovery/BFG) as of Q1 FY25, accounting for 41% of its overall power generation capacity of 14,960 MW. Another 5.3 GW renewable capacity is under execution. The combined order pipeline for utility-scale solar EPC and solar rooftop, including group captive projects, is INR 15,500 crore.
Tata Power eyes 20% market share in the residential rooftop segment on the back of its new solar manufacturing facility and a 500+ strong pan-India channel partner network.
The company has commenced panel production at its newly built 4.3 GW solar module and cell manufacturing plant in Tirunelveli, Tamil Nadu. The unit produced 600 MW of modules and generated INR 1,000 crore revenue in its first quarter of operations and a profit of INR 54 crore in Q1FY25. Cell production is set to start in the current month.
The company is working towards large-scale round-the-clock (RTC) availability by harnessing the vast potential of hydropower through the development of the 600 MW Khorlochhu power project in Bhutan, and the upcoming 2800 MW pumped hydro storage plants in Maharashtra.
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