New Delhi: India’s leading power company Tata Power reported a 6% rise in net profit to Rs.1,262 crore in Q1FY26 from Rs.1,189 crore in the corresponding period a year ago. The company’s renewables division has stood out with a 95% rise in PAT at Rs.531 crore, as the company continues to shift its focus to clean and green energy, aiming to lower its dependence on coal energy from 44% currently to 30% by 2030.
The company’s consolidated revenue increased to Rs.17,464 crore, a 4.3% YoY rise from Rs.16,814 crore last year.
“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. Our Generation and T&D businesses are delivering impressive gains. Our Discoms are providing reliable electricity to ~13 million customers. Through its all-round performance, our Odisha Discoms have emerged as the national model of Discom reforms. In-line with our target to reach 40 million customers by 2030, we have applied for license to expand our distribution footprints in key growth areas of Maharashtra. 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.” Dr. Praveer Sinha, CEO & MD, Tata Power, said.
Despite its high debt of Rs.1,14,613 crore, the company is still well regarded by analysts and investors, especially as the company has worked towards controlling costs and efficiency in asset utilisation. Investors appreciate the consistent dividend payouts with a dividend yield of 0.58%.
After the news broke out, the company’s shares fell 2% in early morning trades on August 2.
