Tata Power Q1 FY25 results: Net profit rises 31% to ₹ 1,189 crore

Business: Tata Power on Tuesday said it has reported a 31 per cent rise in consolidated net profit to Rs 1,189 crore as compared to the same quarter a year ago, on the back of operational efficiency. “The company has recorded the highest ever and 19th consecutive quarterly PAT growth at Rs 1,189 crore, up 31 per cent year-on-year, on the back of strong operational performance and execution excellence across all its businesses such as generation, transmission and distribution and renewable energy,” Tata Power said in a statement. According to the statement, these businesses contributed 84 per cent to PAT (net profit) in Q1FY25 as against 72 per cent in the same period in FY24. Consolidated net profit before exceptional items stood at Rs 906 crore in the quarter ended June 30, 2023, the statement said. The company’s revenue grew 12 per cent year-on-year to a record high of Rs 16,810 crore (from Rs 15,003 crore in Q1 FY24), and EBITDA grew 11 per cent to Rs 3,350 crore in the reported quarter (from Rs 3,005 crore in Q1 FY24). EBITDA refers to earnings before interest, tax, depreciation, and amortization. revenue up 28.7%

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Praveer Sinha, CEO and Managing Director, Tata Power, said, “All our businesses have grown profitably on the back of operational efficiency, execution excellence, and sustained business momentum.” He informed that the planned capital expenditure for this financial year is Rs 20,000 crore and the company is committed to adopting and leading new and emerging clean energy technologies, including pumped hydro projects in Bhutan, hydropower projects and opportunities to develop small modular nuclear reactors as government policy evolves. The company has recorded a capital investment of Rs 4,000 crore in Q1FY25. Its clean and green installed capacity as of Q1FY25 is 6.1 GW, representing 41 per cent of capacity, and 5.3 GW is under execution. Combined orders for utility-scale EPC and solar rooftop, including group captives, have been placed with Pipela