Tata Power Co. Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Published 25 Aug 2026 | Power | Market Cap: ₹1.2L Cr
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.
Price
₹372
Market Cap
₹1.2L Cr
P/E Ratio
30.6
Revenue Rank
Margin Rank
How does Tata Power Co. rank in Power?
Compare Tata Power Co. against every Power company this quarter on revenue, margins and earnings-call signals.
Tata Power Co. — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹14.9K Cr, net profit ₹1.4K Cr.
Full financials →📊 Revenue & Sales Performance
Rank 2- →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.
- →Overall revenue and PAT have shown consistent growth over years, with a CAGR of 8% (revenue) and 7% (PAT).
- →Transmission business and TBCB projects have strong growth pipelines supporting future revenue increases.
📈 Profitability & Margins
Rank 3- →Tata Power has delivered 27 consecutive quarters of increasing PAT and EBITDA, indicating a strong growth foundation.
- →CAGR over past years: Revenue at 8%, EBITDA at 12%, and PAT at 7%, demonstrating consistent profitability growth.
- →Renewable cluster showing strong performance: Revenue up 22%, EBITDA up 23%, PAT up 37% recently.
- →Rooftop solar business growing rapidly with revenue growth near 100% YoY and plans for 60-70% growth this year.
- →Full-year renewable capacity expected to cross 9 GW, up from 6.7 GW currently, boosting revenues further.
- →TP Solar margins high (~25%) and expected to sustain given efficiencies and premium products.
- →Large capex (~INR 6,500 crores in Q2) targeting renewables, pumped storage, and transmission projects will drive future EBITDA and PAT.
- →Expansion in rooftop market share (targeting 25% from current ~12%) supports significant earnings growth.
- →Overall outlook: strong growth in earnings, operating profits, and EPS driven by accelerating renewable addition and growing high-margin businesses.
🏗️ Capital Expenditure Plans
Yes- →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.
- →Transmission projects ongoing, including 2,000+ km of lines, with regulatory approvals in place.
- →Focus on calibrated, strategic investments aligned with long-term returns and market opportunities.
💰 Fundraising & Capital Structure
Yes- →Tata Power plans significant capex of around INR 25,000 crores for the year, with about 40-45% allocated to renewables and the rest to distribution, transmission, and pump storage projects.
- →Net debt to EBITDA stands at 3.41 and net debt to equity at 1.25, indicating controlled leverage within internal guardrails.
- →The company is focused on calibrated investments and maintaining healthy leverage ratios.
- →There is no direct mention of any immediate or planned new fundraising through debt or equity in this transcript.
- →Discussions suggest that future investments, including in nuclear and pump storage projects, will be carefully planned and approved by the Board as per regulatory clearances.
- →Any detailed fundraising plans, if required, will likely align with project financing tied to specific capacity additions like renewables and pump storage.
📋 Order Book & Pipeline
No- →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.
- →Tata Power is actively commissioning 500 MW in renewable projects very soon, with capacity ramp-up expected over the next quarters.
- →Overall, while exact current pending orderbook numbers are not explicitly disclosed, the company indicates a strong and improving order pipeline across segments.
Key Metrics
Revenue
Margin
Capex
Fundraise
Order Book
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 concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.