Chandigarh, February 5th, 2025: Tata Power, one of India’s largest integrated power companies spearheading the country’s energy transition, today reported its 21st consecutive quarterly PAT growth. During the quarter ended December 31, 2024, the Company reported its PAT of ₹ 1,188 crore, up 10% YoY.
Consolidated EBITDA during the quarter rose 7% to ₹ 3,481 crore on the back of solid contributions and operational efficiency across businesses.
For the 9MFY25 period, the Company clocked a Revenue and PAT* of ₹ 47,174 crore and ₹ 3,909 crore respectively. The 9-month period also saw the EBITDA reach its all-time high at ₹ 10,639 crore.
Consolidated financial performance (in ₹. crore)
Consolidated | Q3 FY25 | Q3 FY24 | % YoY Growth | 9M FY25 | 9M FY24 | % YoY Growth |
Revenue | 15,118 | 14,841 | 2% | 47,174 | 45,286 | 4% |
EBITDA | 3,481 | 3,250 | 7% | 10,639 | 9,342 | 14% |
PAT before Exceptional Items | 1,188 | 1,076 | 10% | 3,909 | 3,000 | 30% |
Reported PAT | 1,188 | 1,076 | 10% | 3,469 | 3,235 | 7% |
Dr. Praveer Sinha, CEO and Managing Director, Tata Power, said, ” We have delivered a sustained PAT growth trajectory over the last 21 quarters and all our businesses have been contributing to this growth.
We have emerged as a clean energy leader with presence across the full value chain of manufacturing, EPC, and development of renewable projects along with retail supply through group captives. As an integrated power company, we offer complete energy services towards our portfolio of generation, transmission and distribution solutions to provide affordable power for all.
Our operations in Odisha have emerged as a role model for Discom reforms. We are earnestly exploring distribution opportunities in other states to support the government’s focus on revamping the sector.
Our recent wins in large-scale transmission projects reaffirm our expertise and commitment to evacuation and supply of power nationwide and put us at the centre of the development of upcoming Green Energy Corridors.
As the Government is looking for active partnerships with private players and the amendment to the Nuclear Power Act to set up nuclear energy capacity, we will take up the opportunities to set up small modular nuclear reactors.”
As of 31st December 2024, the Company’s operational capacity is 6.7 GW in the clean & green segment, generating 11,700+ MUs of green power. Another 10 GW of projects are under execution and are poised to take its total clean energy capacity to 16.7 GW.
Other highlights of the quarter:
- Tata Power’s solar manufacturing arm – TP Solar Limited, secured a ₹455 crore contract to supply 300 MWp ALMM modules to Maharashtra State Power Generation Company Limited
- Tata Power signed an MoU with Asian Development Bank for US$4.25 bn to finance key clean energy power projects
- Madhya Pradesh saw Tata Power Renewable Energy Ltd (TPREL) commission one of India’s largest floating solar projects of 126 MWp in Omkareshwar and the 431 MW DC Solar Plant in Neemuch. The Neemuch plant is India’s first solar plant to incorporate a unique combination of single-axis trackers and bi-facial modules
- Noida International Airport partnered with Tata Power Trading Company Ltd. (TPTCL) to supply 10.8 MW of wind power and with TPREL to develop, operate, and maintain a 13 MW onsite solar power capacity
- TPREL signed a Power Purchase Agreement (PPA) for a 400 MW Hybrid Project with MSEDCL
- TPREL signed an MoU with the Odisha Renewable Energy Development Agency Limited (OREDA) to accelerate rooftop solar power adoption among residential customers under the PM Surya Ghar Yojana
- The Company reached a milestone of ~16 lakh smart meter installations across its Discoms in Mumbai, Delhi and Odisha
- To augment the overall EV charging infrastructure, TPREL signed a MoU with Tivolt Electric Vehicles and Tata Power Delhi Distribution Ltd (TPDDL) partnered with Baaz Bikes to set up battery solutions in the National Capital Region
- TP Central Odisha Distribution Ltd (TPCODL) unveiled a Power Distribution Technology Centre in Bhubaneswar. This technology hub integrates advanced Operational Technology (OT) and Information Technology (IT) systems, along with a 24×7 Power System Control Centre (PSCC) that ensures real-time network monitoring, seamless system operations, and uninterrupted power supply across Odisha
- Tata Power-DDL ranked among the Top 10 utilities globally in Smart Grid Index 2024 and became the first power distribution utility globally to receive Deming Award in recognition of its Total Quality Management (TQM) in Tokyo, Japan
- Tata Power, in collaboration with the National Institute for the Empowerment of Persons with Intellectual Disabilities (NIEPID) and Tata Elxsi, launched the ‘E-Sanidhya’ portal to provide diagnostic support and home care solutions for neurodiverse children, particularly in underserved regions
- Tata Power launched ‘Eco Crew’, India’s largest energy literacy movement to educate and encourage students, schools and families to adopt clean energy sources, embrace solar rooftops and become nature’s best friend forever (BFF).
- The initiative has been launched in 24 cities of Uttar Pradesh, covering 1,000 schools and aiming to reach 5,00,000 students
- Tata Power secured an S&P Global ESG Score of 68/100 in the S&P Global’s Corporate Sustainability Assessment (CSA) with a percentile position of 88% for FY2024-25
- Tata Power received ICAI’s Silver Shield for Excellence in Financial Reporting for the year 2023-2024 in the infrastructure & construction sector