Quarterly results for Tata Power Company Ltd

Tata Power Company Limited – Q1 FY26 Results Summary
Announcement Date: 01 August 2025

Key Financial Metrics (Consolidated):
- Revenue from operations: ₹18,035 crore, up 4.2% QoQ and 4.3% YoY
- Net profit: ₹1,262 crore, down slightly QoQ, up YoY
- Total income: ₹18,397 crore
- Profit before tax: ₹1,619 crore
- FY25 revenue: ₹65,478 crore; net profit: ₹4,775 crore

Key Financial Metrics (Standalone):
- Revenue from operations: ₹5,285 crore, down 11.4% QoQ, up 2.7% YoY
- Net profit: ₹520 crore, up 27% QoQ, down 29% YoY
- Earnings per share (basic): ₹1.63
- Operating margin: ~13%; net profit margin: 10%
- Debt equity ratio improved to 1.07; debt service coverage ratio increased to 1.19; current ratio at 0.47

Segment Performance (Consolidated):
- Renewables revenue grew 17% YoY to ₹3,626 crore
- Thermal & Hydro revenue stable but slightly down QoQ at ₹4,844 crore
- Transmission & Distribution revenue steady at ₹10,078 crore

Management Commentary & Key Developments:
- Clean audit opinion with emphasis on an unfavorable arbitration award (SIAC, July 2025) directing payment of USD 490.32 million plus interest related to a dispute with Kleros Capital Partners Limited; company is legally contesting and has made no provision.
- Mundra Power Plant operations continued under Ministry of Power directions till 30 June 2025; discussions ongoing for Supplementary Power Purchase Agreement.
- Post-quarter investment of ₹120 crore for 40% stake in Khorlochhu Hydro Power Limited (JV with Druk Green Power Corporation, Bhutan).
- Final dividend of ₹2.25 per share for FY25 paid in July 2025.

Regulatory & Other Notes:
- Negative net movement in regulatory deferral balances impacted profit recognition.
- No changes in accounting policies or exceptional items in Q1 FY26.

This summary reflects Tata Power’s consolidated and standalone financial performance, segment trends, legal contingencies, and recent corporate actions for Q1 FY26.

Note: This is an AI generated summary of the results. There may be inaccuracies in the summary. Please refer to the original document before making investment decisions.