Q1 Results: Net profit crosses 1000 crores, revenue also made a big jump; Tata Power shares will be in focus next week:

News Topical, Digital Desk : Tata Power Q1FY26 Result: Tata Power Company Limited, the power company of Tata Group, announced its June quarter results after the market closed on Friday. In the first quarter (April-June) of the financial year 2025-26, the company has earned a net profit of Rs 1,060 crore with a jump of 9.2 percent. Whereas in the same quarter a year ago it was Rs 971 crore. The company's profit was estimated at Rs 1022 crore.

Revenue also better than estimates

Tata Power has also surpassed analysts' estimates in terms of revenue. Registering a growth of 4.3 percent in the first quarter of FY 26, the company has achieved a revenue of Rs 18035 crore. Whereas in the first quarter of FY 25 it was Rs 17294 crore and analysts had estimated a revenue of Rs 17,866 crore. In the first quarter of FY 2025-26, the company's EBITDA also grew by 15.4 percent to Rs 4,139 crore, from Rs 3,587 crore in the same quarter last year.

Support from clean energy and distribution

On this, Praveer Sinha, CEO and Managing Director of Tata Power said, we have started FY26 on a great note with strong performance across all our business verticals. The performance of our renewable energy portfolio has been better than expected as we are focusing on increasing innovation and efficiency on a large scale in the clean energy chain. We have benefited from the business of generation, transport and distribution.

Talks are going on about many more projects

He said that in line with the company's target of reaching 4 crore customers by 2030, an application has been made for a license to expand its distribution network in Maharashtra. The company's power generation capacity is 26 gigawatts, out of which 65 percent of the energy source is green energy.

The CEO said that the company is in talks with five states (Gujarat, Maharashtra, Rajasthan, Punjab and Haryana) for its 4,000 megawatt (MW) coal-based ultra-mega power plant (UMPP) in Mundra. An agreement is expected in August and then the plan will be worked on further.

Sinha said that the company has spent Rs 3700 crore in the first quarter out of Rs 26000 crore set for the financial year 2026. The company commissioned 652 MW projects in the first quarter, of which 94 MW are its own and 560 MW are third party EPC projects.

The company said its total operational capacity is 5.6 GW (4.6 GW solar and 1 GW wind), and plans to add another 1.6 GW over the next three quarters of FY26.

Shares will remain in focus

On Friday (August 1), ahead of the results, Tata Power shares fell 2.11 percent to close at Rs 389.30. Its stock reached its 52-week high of Rs 494.85 on 27 September 2024. Its low level for the year 2025 was Rs 326.25 on 17 February. Last week, the stock fell 1.56 percent, while in the last 2 weeks, a decline of more than 4.5 percent has been registered. However, in the last 6 months, it has also seen a jump of 5 percent. Now its shares will be in focus on Monday.