Tata Power Company Limited has informed the Exchange about Transcript
TATAPOWER · price
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Tata Power posted record FY25 results, crossing Rs. 5,000 crores in PAT for the first time at Rs. 5,197 crores (up 26% YoY), with underlying EBITDA of Rs. 15,261 crores (up 10%) and revenue of Rs. 64,502 crores. Q4 PAT rose 25% to Rs. 1,306 crores and EBITDA grew 14% to Rs. 3,829 crores, marking the 22nd straight quarter of profit growth. All segments performed strongly: renewables added 1,026 MW with a 5.5 GW pipeline for the next 6–24 months, the T&D business delivered Rs. 2,000 crores PAT, and TP Solar (cells and modules) posted Rs. 422 crores PAT with 27% EBITDA margin. Management reaffirmed targets to double PAT and EBITDA by FY30, reach 70% clean energy by 2030, and exit coal by 2045. FY26 CAPEX is planned at Rs. 25,000 crores (60% renewables, 30% T&D), with net debt/EBITDA at 2.93x and net debt/equity at 1.0x. Moody's upgraded the outlook from Ba1 stable to Ba1 positive.
A clean beat across all major businesses, clear multi-year growth targets, and a ratings upgrade reinforce confidence in the stock. The heavy CAPEX plan and exposure to execution risk in renewables are watchpoints, but the strong order pipeline and improving margins across solar manufacturing and rooftop provide visible growth runway for shareholders.