Tata Power's Q1 FY 2025-26 Quarter Results

Result Summary

• Tata Power reported a 11.7% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 4.9%.
• Its expenses for the quarter were up by 4.1% QoQ and 3.0% YoY.
• The net profit increased 20.7% QoQ and increased 6.2% YoY.
• The earnings per share (EPS) of Tata Power stood at 3.3 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Tata Power is one of India's largest integrated power companies, renowned for its footprint across the power value chain. The company is engaged in electricity generation, transmission, and distribution and has a significant presence in renewable energy sources such as solar and wind power. Tata Power is part of the Tata Group, a multinational conglomerate based in India. In recent years, Tata Power has focused on expanding its renewable energy capacity and investing in sustainable energy solutions. These efforts align with global trends towards cleaner energy and the company's commitment to reducing its carbon footprint.

Revenue

For the first quarter of the fiscal year 2026 (Q1FY26), Tata Power reported a total income of ₹18,396.78 crores. This marks an increase from the previous quarter (Q4FY25), where total income was ₹16,463.94 crores, representing a quarter-over-quarter (QoQ) growth of 11.7%. Compared to the first quarter of the previous year (Q1FY25), where total income was ₹17,540.98 crores, there is a year-over-year (YoY) increase of 4.9%. This steady increase in total income over the quarters and year highlights the company's ability to generate revenue growth, potentially through increased sales or improved operational efficiencies.

Profitability

In Q1FY26, Tata Power's profit before tax (PBT) was ₹1,489.83 crores, showcasing a notable QoQ growth of 22.1% from ₹1,220.67 crores in Q4FY25. This also represents a YoY increase of 24.1% from ₹1,200.93 crores in Q1FY25. The effective tax paid in Q1FY26 was ₹357.14 crores, a decrease from ₹491.44 crores in Q4FY25, resulting in a 27.3% reduction in tax expenses QoQ. Consequently, the profit after tax (PAT) for Q1FY26 was ₹1,262.32 crores, reflecting a 20.7% QoQ increase from ₹1,045.59 crores in Q4FY25 and a 6.2% YoY increase from ₹1,188.63 crores in Q1FY25. Earnings per share (EPS) for Q1FY26 stood at ₹3.30, compared to ₹2.80 in the previous quarter and ₹3.00 in the corresponding quarter of the previous year, marking a QoQ increase of 17.9% and a YoY increase of 10.0%.

Operating Metrics

The total expenses for Tata Power in Q1FY26 were ₹16,336.19 crores, which represents a QoQ increase of 4.1% from ₹15,691.24 crores in Q4FY25 and a YoY increase of 3.0% from ₹15,856.09 crores in Q1FY25. The relatively moderate increase in expenses compared to the growth in income suggests that the company may have managed to enhance its operational efficiency or optimize its cost structure. These changes in expenses and income contribute to the overall improvement in the company's profitability metrics.