Conference Call with Tata Power Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Electric Utilities company Tata Power Company announced Q1FY25 results: PAT grows 31% to Rs 1,189 crore on the back of Operational Efficiency Capex investment of ~ Rs 4,000 crore in Q1FY25, full year plan ~Rs 20,000 crore Reports highest ever quarterly consolidated Revenue of Rs 16,810 crore (Up 12%YoY) Consolidated EBITDA rises to Rs 3,350 crore (Up 11% YoY) Registers 19th consecutive quarter of PAT growth The Company has a clean and green installed capacity of 6.1 GW as of Q1FY25, accounting for 41% of the capacity, with another 5.3 GW under execution. The combined order pipeline for utility-scale EPC and solar rooftop, including group captive, is ~Rs 15,500 crore. Praveer Sinha, CEO and Managing Director, Tata Power, said, “We have commenced FY25 on a strong note, which is reflected in the Q1 FY25 results as we book our all-time high and 19th consecutive quarter of PAT growth. All our businesses have grown profitably on the back of operational efficiency, execution excellence, and sustained business momentum. As we achieve 1 lakh rooftop solar installations across the country, we thank our customers for choosing Tata Power as their green energy partner. With our pan-India campaign, ‘Ghar Ghar Solar Tata Power Ke Sang’, we are powering solar adoption in the country via solar panels manufactured in our newly built 4.3 GW solar module and cell plant in Tamil Nadu. We have also made significant strides towards advancing sustainable mobility solutions, becoming the first EV charging solutions provider to surpass the installation of 1 lakh home EV chargers. We also have a growing pan-India network of over 5600 public / captive chargers. Our planned capex for this financial year is Rs 20,000 crore. We are committed to adopting and leading the new and emerging clean energy technologies, including pumped hydro projects, Hydropower project in Bhutan, and opportunities to develop Small Modular Nuclear Reactors as Government policy evolves." Result PDF