Tata Power Company Limited has informed the Exchange about Transcript

Tata Power's Q1 FY'26 earnings call transcript details broad-based business growth, with EBITDA and PAT rising across segments even after adjusting for one-offs last year. Management highlighted strong renewables execution — 652 MW of solar EPC commissioned (nearly double the year-ago quarter), 950 MW modules and ~900 MW cells produced, and rooftop volumes scaling from 1,000 units/month (March 2024) to 20,000 units/month (June 2025), targeting 40,000–50,000 later this year. CAPEX stood at Rs. 3,700 crores in Q1 against a Rs. 25,000 crores annual plan, with net debt rising to Rs. 47,578 crores but leverage stable at 2.93x net debt/EBITDA and 1.08x net debt/equity. The Mundra plant's Section-11 expired June 30, and management expects the supplementary PPA with all 5 procurer states to be concluded in August, targeting 80% availability and no under-recovery. Forward targets include ~1,600 MW of own utility-scale renewable projects over the next 3 quarters, over 2 GW of commissioning in FY26 and 2.5 GW range next year, plus pumped hydro and Bhutan projects aiming for 2028–29 commissioning.