Tata Power records its highest ever quarterly profit of INR 1,533 crore

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Tata Power, a private-sector integrated power company, has reported its 20th consecutive quarterly net profit (PAT) growth. During the quarter ended September 30, 2024, the company recorded its highest-ever PAT before exceptional items of INR 1,533 Crore, up 51% year-on-year.

The company said its consolidated EBITDA [earnings before interest, taxes, depreciation, and amortization] during the quarter rose 23% to INR 3,808 crore on the back of ramped-up solar manufacturing, favorable regulatory development in distribution, and operational efficiency across businesses.

For the H1 FY 2025 period, Tata Power clocked its highest-ever revenue, EBITDA, and PAT before exceptional items at INR 32,057 crore, INR 7,158 crore, and INR 2,721 crore, respectively.

Praveer Sinha, CEO and managing director, Tata Power, said, “Our generation, transmission & distribution, and renewable businesses continue to witness sustained growth momentum as India sees record power demand and investment in the new Age of Electricity. All our business segments have performed remarkably well during the quarter leading to 20th consecutive quarterly PAT growth.

During Q2 FY 2025, Tata Power commissioned 2 GW cell production line of its 4.3 GW cell-and-module plant in Tamil Nadu. The cell plant is set to achieve its full capacity by next month. The 4.3 GW module plant is already fully operational. It hit a peak capacity of 20,000 modules a day in Q2 FY25. The manufacturing unit reported revenues of more than INR 1,400 crore, EBITDA of INR 130 crore, and PAT of INR 66 crore in Q2FY25.

Sinha said, “We are well on track in terms of our planned Capex for the financial year, with INR 9,100 crore spent during H1 out of INR 20,000 Crore. Our investments in transmission, renewables, and hydro projects are designed to strengthen India’s energy resilience and security.”

Tata Power has hit 15 GW of installed power generation capacity across conventional and green resources. Clean and green portfolio crossed 12.9 GW (6.4 GW operational and 6.5 GW under construction). The company has a strong and well-diversified order book of INR 15,900 crore in solar EPC business. Transmission portfolio stands at 7,049 Ckm, including 4,633 Ckm commissioned and 2,416 Ckm under construction

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