Tata Power Company Ltd — earnings calls

Tata Power reported Q1 FY27 PAT of Rs 1,401 crore, up 11%, and EBITDA of Rs 4,249 crore, up 8%, marking the 27th consecutive quarter of PAT and EBITDA growth. Management attributed the performance to strength across transmission, distribution, renewables, rooftop solar and manufacturing businesses, while flagging timing-related collection delays in Odisha and Delhi and continued losses at Tata Projects. Capital expenditure for the quarter was Rs 5,300 crore against a full-year plan of Rs 25,000 crore, with net debt to underlying EBITDA at 3.41x and net debt to equity at 1.25x.

Tata Power reported full year FY26 PAT of nearly INR5,000 crores and EBITDA up about 11% to INR16,090 crores, with Q4 EBITDA up 10% to INR4,216 crores and Q4 PAT up 8% to INR1,416 crores. Management attributed the growth to strong performance across generation, transmission, distribution and renewables, along with the solar cell and module manufacturing plant and Odisha DISCOM. The company also discussed the Mundra plant's transition to the Supplementary PPA framework, capex phasing for FY27, and progress on renewable, hydro and nuclear projects.