Tata Power has reported a consolidated profit after tax (PAT) of INR 1,262 crore for the first quarter of FY26, marking a 6% year-on-year (YoY) increase. The company’s PAT growth was driven largely by strong performance in its renewables and solar manufacturing businesses.
Consolidated revenue for Q1 FY26 stood at INR 17,464 crore, up 4% YoY, while EBITDA rose 17% to INR3,930 crore.
The renewables business PAT soared 95% YoY to INR 531 crore. Segment-wise, INR 226 crore came from renewable energy generation, INR 198 crore from solar EPC, INR 100 crore from solar manufacturing, and INR 7 crore from other income. Total income from the renewables business grew to INR 3,626 crore, compared to INR 2,382 crore in Q1 FY25.
Tata Power commissioned 652 MW of renewable energy capacity during the quarter, including 94 MW for its own portfolio and 560 MW under third-party EPC contracts. Its total operational renewable capacity now stands at 5.6 GW, comprising 4.6 GW solar and 1 GW wind.
The rooftop solar segment’s revenue more than doubled to INR 823 crore and PAT rose 260% YoY to INR 90 crore. The company installed over 45,500 rooftop solar systems in Q1, commissioning a record 270 MWp—up 143% compared to 111 MW in Q1 FY25. Its rooftop solar order book stood at INR 1,242 crore as of June 30, 2025.
TP Solar, the company’s manufacturing arm, reported INR 100 crore PAT and revenue of INR 1,613 crore. It produced 949 MW of solar modules and 904 MW of solar cells during the quarter.
“We have commenced FY26 on a high note, with strong performance across all our business verticals. Our renewable energy portfolio continues to exceed expectations, as we drive innovation, scale, and efficiency across the clean energy value chain, saidPraveer Sinha, CEO and Managing Director, Tata Power. “We are proud to contribute towards India’s energy transition with a generation portfolio exceeding 26 GW (including projects under development), over 65% of which comes from clean, green sources.”
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.