Integrated power company Tata Power has reported a ₹11.88 billion (~$136.4 million) profit after tax (PAT) in the third quarter (Q3) of the financial year (FY) 2025, a 10% year-over-year (YoY) increase from ₹10.76 billion (~$123.57 million).

The company’s PAT for its renewable business in Q3 FY 2025 grew 59% to ₹2.14 billion (~$24.57 million).

Revenue increased to ₹151.18 billion (~$1.73 billion), a 2% YoY growth from ₹148.41 billion (~$1.7 billion).

Tata Power’s rooftop solar business revenue grew 15 % to ₹5.09 billion (~$58.45 million) in the quarter.

The company’s manufacturing unit reported a revenue of over ₹13 billion (~$149.3 million) in Q3 FY 2025.

Its earnings before income, taxes, depreciation, and amortization (EBITDA) stood at ₹34.81 billion (~$399.79 million), a 7% YoY increase from ₹32.5 billion (~$373.26 million).

The company’s earnings per share (EPS) came in at ₹ 3.22 (~$0.036) in Q3 FY 2025 compared to ₹2.98 (~$0.034).

“We have delivered a sustained PAT growth trajectory over the last 21 quarters and all our businesses have been contributing to this growth. We have emerged as a clean energy leader with presence across the full value chain of manufacturing, EPC, and development of renewable projects along with retail supply through group captives,” said Praveer Sinha, CEO and Managing Director of Tata Power.

9M Results

In the first nine months (9M) of FY 2025, the company’s PAT jumped 7% YoY to ₹34.69 billion (~$398.41 million) from ₹32.35 billion (~$371.53 million).

The company’s PAT for its renewable business grew 41% to ₹ 7.87 billion (~$90.38 million) over the nine-month period.

Its revenue increased to ₹471.74 billion (~$5.41 billion) in 9M FY 2025, a 4% YoY growth from ₹452.86 billion (~$5.2 billion).

The company’s rooftop business revenue jumped 22% YoY to ₹13.46 billion (~$154.58 million).

In 9M FY 2025, its solar manufacturing facility produced over 2.4 GW of modules and reported ₹38.31 billion (~$439.99 million) in revenue.

The company’s EBITDA rose to ₹106.39 billion (~$1.22 billion), a 14% YoY growth from ₹93.42 billion (~$1.07 billion).

Its EPS for 9M FY 2025 came in at ₹9.15 (~$0.105) compared to ₹8.77 (~$0.1007) in 9M FY 2024.

The company received capex investments of more than ₹30 billion (~$344.5 million) in the nine-month period.

Operational highlights

The company has a total operational capacity of 25.6 GW, comprising 16.8 GW in the renewable segment, including 10.1 GW under construction. Tata Power Group has an order book of ₹68.8 billion (~$790.16 million)

The company expects renewable energy generation to contribute at least 70% to its total capacity by 2030.

It has a 4.9 GW cell and module manufacturing capacity, including 0.3 GW cell capacity under commissioning.

Tata Power’s solar manufacturing arm TP Solar secured a ₹4.55 billion (~$52.2 million) contract to supply 300 MW modules to Maharashtra State Power Generation Company.

Tata Power Renewable Energy (TPREL) commissioned a 126 MW floating solar project in Omkareshwar and a 431 MW solar project in Neemuch in Madhya Pradesh.

TPREL signed a power purchase agreement for a 400 MW hybrid project with Maharashtra State Electricity Distribution Company.

Noida International Airport partnered with Tata Power Trading Company (TPTCL) to supply 10.8 MW of wind power and with TPREL to develop, operate, and maintain13 MW of onsite solar power capacity.

Tata Power’s 4 GW cell manufacturing facility at the Tirunelveli plant, Tamil Nadu, is fully operational. An additional 300 MW tunnel oxide passivated contact cell line is yet to be commissioned as of Q4 FY 2025.

The company entered a strategic alliance with Druk Green Power Corporation to develop 5 GW of renewable energy capacity, comprising 4.5 GW of hydro and 500 MW of solar energy, to provide a sustainable, round-the-clock energy supply for Bhutan and India.

TPTCL supplied 50 MW of renewable energy to Bhutan during the quarter, the first-ever bilateral cross-border merchant supply.

The company surpassed 1,20,000 home chargers and 1,156 e-bus charging point installations in the same period.

The company reported a record-high quarterly PAT of ₹15.33 billion (~$182.32 million) in the Q2 FY 2025, a 51% YoY increase.

It also reported its highest-ever quarterly PAT of ₹11.89 billion (~$141.68 million), a growth of 31% YoY in Q1 FY 2025.