At the operating level, EBITDA surges 17.2% to ₹4,139 crore in the first quarter of this fiscal over ₹3,587 crore in the corresponding period in the previous fiscal. EBITDA margin stood at 23% in the reporting quarter as compared to 20.5% in the corresponding period in the previous fiscal.
Tata Power’s renewables division posted a 95% year-on-year increase in profit after tax at ₹531 crore. The company commissioned 94 MW of renewable energy capacity during the quarter, taking its total operational capacity to 5.6 GW. It maintained its leading position in the rooftop solar market, with total installations surpassing 2 lakh and cumulative capacity exceeding 3.4 GWp.Also Read: Tata Power shares fall on Mundra power plant shutdown as Section 11 not extended
The rooftop solar segment delivered robust performance, with revenue more than doubling to ₹823 crore in Q1 FY26. The company achieved record rooftop solar installations of over 45,500 during the quarter and reported a PAT of ₹90 crore, up 260% year-on-year. It commissioned 270 MWp of rooftop solar projects in Q1 FY26, a 143% increase compared to 111 MW in the same period last year.
Tata Power’s manufacturing arm, TP Solar, emerged as a key contributor to growth, recording a profit after tax of ₹100 crore in Q1 FY26. The division generated ₹1,613 crore in revenue, manufacturing 949 MW of solar modules and 904 MW of solar cells. The company also sold 107 MW of modules and 54 MW of cells to third parties, with an associated order value of ₹1,303 crore.In the Transmission and Distribution (T&D) segment, adjusted PAT rose 26% year-on-year to ₹440 crore in Q1 FY26. Tata Power’s Odisha discoms reported a PAT of ₹105 crore, up 156% year-on-year. The company received regulatory approval for ₹1,800 crore of distribution project reports in Maharashtra and commissioned a 22kV GIS at Vikhroli and a 125 MVAR reactor at Trombay.
Also Read: Tata Power sees strong renewable growth continuing in FY26
Tata Power continues to expand its distribution footprint, having applied for a license extension in key regions of Maharashtra, including Thane, Navi Mumbai, Panvel, Pune, Nashik, and Chhatrapati Sambhaji Nagar. The company also achieved a milestone of installing approximately 30 lakh smart meters across India during Q1 FY26.
In addition, Tata Power commenced cross-border power sales through the power exchange from its 18 MW Suchhu Hydro Electric Project in Bhutan. The company plans to add 1.6 GW of utility-scale renewable capacity over the next three quarters of FY26 and is currently focused on six transmission projects totalling over 2,400 Ckm, aiming to exceed 7,000 operational Ckm by 2027.
The results came after the close of the market hours. Shares of Tata Power Company Ltd ended at ₹389.30, down by ₹8.40 or 2.11% on the BSE.
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