Tata Power Co.
Tata Power Co. Q1 FY27 earnings call: Revenue & Margins
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY27 call signalled
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The short version
Tata Power expects strong growth in rooftop solar business, targeting a market size of around 30-40 gigawatts by 2029-2030, with a plan to increase market share from 12-13% to 25%, becoming the market leader by a large margin. Tata Power has delivered 27 consecutive quarters of increasing PAT and EBITDA, indicating a strong growth foundation.
From Tata Power Co.'s Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Revenue & Sales Performance
- Tata Power expects strong growth in rooftop solar business, targeting a market size of around 30-40 gigawatts by 2029-2030, with a plan to increase market share from 12-13% to 25%, becoming the market leader by a large margin.
- Rooftop business revenue has grown nearly 100% year-on-year, with plans to grow 60-70% this year.
- Renewable energy capacity is set to increase significantly, with plans to commission 2,500-2,700 MW this year, increasing total renewable capacity from 6.7 GW to over 9 GW by year-end.
- Module production crossed 1,000 MW in the latest quarter, with efforts to improve both yield and efficiency to peak in Q2.
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Profitability & Margins
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Capital Expenditure Plans
- First quarter capex was INR 5,300 crores; full year capex planned at INR 25,000 crores.
- Approximately 40-45% of capex allocated to renewables; remaining to FGD projects, transmission, and distribution.
- Plans to commission 800-900 MW renewable projects in Q2.
- Progress on pumped storage projects (PSP) with 2,800 MW capacity coming by 2029-2031; additional sites under DPR study, with new projects expected in next 12 months.
- Starting work on 1,800 MW Shirwata PSP later this year after approvals.
- Tied up PPA for 600 MW Bhutan project; expecting operational by 2030.
- Financial closure in progress for 1,125 MW Dorjilung project.
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Top-ranked in Power
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- The Tata Power Company's renewable energy auction volumes have been muted recently, with a slowdown observed in Q1 FY27.
- State DISCOMs are increasingly conducting their own customized bidding rather than relying on central agencies like SECI.
- For rooftop solar, order inflow was about INR 1,091 crores for 387 megawatts in the referenced quarter.
- The company has a good pipeline of excellent projects in Tata Projects, with a turnaround expected as legacy loss-making projects are closing.
- In TBCB (Tariff Based Competitive Bidding) projects, commissioning and related revenues will start flowing in from Q2 FY27 onwards.
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Tata Power Co. — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹14.9K Cr, net profit ₹1.4K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Tata Power Company Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Tata Power Co. Q1 FY27 results?
Tata Power expects strong growth in rooftop solar business, targeting a market size of around 30-40 gigawatts by 2029-2030, with a plan to increase market share from 12-13% to 25%, becoming the market leader by a large margin. Tata Power has delivered 27 consecutive quarters of increasing PAT and EBITDA, indicating a strong growth foundation.
What is Tata Power Co. share price analysis?
Tata Power Co. currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 30.6 with a market cap of ₹119,602 Cr. Investors should review the full earnings analysis for detailed insights.
Is Tata Power Co. planning capital expenditure?
First quarter capex was INR 5,300 crores; full year capex planned at INR 25,000 crores.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.