Tata Power announced on Tuesday that its net profit for the April–June quarter of 2024–25 increased by 31% to Rs 1,189 crore from Rs 906 crore in the corresponding quarter of the previous fiscal year.
According to the corporation, “strong operational performance across all of its businesses of Generation, Transmission & Distribution, and Renewables” is the reason for the highest-ever gain in quarterly net profit.
at Q1FY25, these companies accounted for 84% of the net profit, up from 72% at the same time in FY24.
Tata Power’s reported quarter revenue increased by 12% year over year to a record high of Rs 16,810 crore, while EBITDA increased by 1% to Rs 3,350 crore.
“This overall business increase is being driven by a strong order pipeline. As of Q1FY25, the company had 6.1 GW of installed clean and green capacity, or 41% of the total capacity, with an additional 5.3 GW in the process of being completed. A Tata Power statement stated that the total order pipeline for utility-scale EPC and solar rooftop, including group captive, is Rs 15,500 crore.
The business claimed that thanks to its new solar production plant and more than 500 channel partners across India, it is well-positioned to capture a 20 per cent market share in the residential rooftop segment. By utilising the enormous potential of hydropower to create the 600 MW Khorlochhu power project in Bhutan and the planned 2800 MW pumped hydro storage plants in Maharashtra, the company is aiming towards large-scale RTC availability, according to the statement.
The distribution firm in Odisha has significantly decreased AT & C losses by improving operational efficiency. The EBITDA of the four Odisha discoms is still strong, with a 20% increase in Q1FY25. The announcement further stated that Tata Power Delhi Distribution Ltd. has regulatory assets valued at Rs 5,788 crore recognized by the Delhi Electricity Regulatory Commission.
“We have started FY25 on a strong note, as we book our all-time high and 19th consecutive quarter of PAT (profit after tax) growth,” stated Praveer Sinha, CEO of Tata Power. The profitable growth of all our businesses has been fueled by consistent business momentum, excellent execution, and efficient operations.”
