Tata Power Q4: Profit Meets Estimates

Tata Power Co. logged a 17% rise in its consolidated net profit during the quarter ended March 31, 2025, meeting analysts' projections.

The power supplier logged a consolidated bottom line of Rs 1,043 crore in the fourth quarter, as compared to Rs 895 crore in the year-ago period, according to an exchange filing on Wednesday. In comparison, the consensus estimate of analysts tracked by Bloomberg was of Rs 1,026-crore profit.

• Revenue up 8% at Rs 17,096 crore versus Rs 15,847 crore (Bloomberg estimate: Rs 17,094 crore).

• Ebitda rises 39% to Rs 3,246 crore versus Rs 2,332 crore (Estimate: Rs 3,094 crore).

• Ebitda margin expands to 19% versus 14.7% (Estimate: 18.1%).

• Net profit up 16.5% to Rs 1,043 crore versus Rs 895 crore (Estimate: Rs 1,026 crore).

The Tata Group firm's board approved a final dividend of Rs 2.25 per share for financial year 2024-25, subject to the approval of shareholders at the ensuing annual general meeting on July 4.

The record date to determine the shareholders eligible for the dividend payout is June 20, the filing added. If approved at the AGM, the dividend will be paid from July 7.

The Ebitda rose on the back of strong performance across the core businesses comprising generation, T&D and renewables. Higher power sales from all generating plants, ramp-up of all module and cell lines in Tirunelveli and significant strides in solar rooftop business pan-India contributed significantly to the overall growth.

In Q4 FY25, the distribution segment recorded a 73% YoY growth in profit, driven primarily by the Odisha discom's strong performance. Odisha discom's profit surged threefold to Rs 275 crore, supported by improved billing and collection efficiencies, along with lower ECL provisions.

In FY25, Tata Power commissioned over 2.5 GW of renewable capacity comprising 1 GW of in-house utility-scale projects, 600 MW of rooftop solar and 900 MW for third-party customers. The company has nearly 3 GW capacity under development across states like Karnataka and Maharashtra. It has secured over 6,800 MW of grid connectivity and has acquired more than 30,000 acres of land for setting up the ongoing 5.4 MW of projects in pipeline.

"FY25 has been a remarkable year for Tata Power, with the company achieving a record-breaking PAT exceeding Rs 5,000 crore, driven by exceptional contributions across all our business segments," Chief Executive Officer Praveer Sinha said. "Q4 FY25 marks the 22nd consecutive quarter of PAT growth, highlighted by several significant milestones."

"For the first time, we surpassed 1 GW in renewable capacity additions within a single year and are now targeting 2 GW in FY26. Our rooftop solar business has performed impressively, reaching over 1.5 lakh installations, with a total installed capacity of 3 GW," he added.

Before the quarterly results were declared, shares of Tata Power closed 2.25% higher at Rs 398.05 apiece on the NSE, compared to 0.36% rise in the benchmark Nifty 50.