Tata Power FY25 PAT rises 26 pc to ₹5,197 cr; Q4 profit up 25 pc at ₹1,306 cr

Time of India

14-05-2025

New Delhi:
Tata Power
on Wednesday reported a 26 per cent year-on-year rise in profit after tax (PAT) before exceptional items at ₹5,197 crore for the financial year ended March 31, 2025. The company's Q4FY25 PAT rose 25 per cent year-on-year to ₹1,306 crore.
Annual revenue for FY25 stood at ₹64,502 crore, up 5 per cent from ₹61,542 crore in FY24, marking the company's highest-ever revenue. EBITDA for FY25 rose 14 per cent to ₹14,468 crore. In Q4, revenue increased 7 per cent year-on-year to ₹17,238 crore, while EBITDA rose 14 per cent to ₹3,829 crore.
Core business PAT for Q4FY25 grew 52 per cent year-on-year to ₹1,541 crore.
In Q4FY25, the distribution segment reported 73 per cent year-on-year growth in PAT. PAT from Odisha DISCOMs rose three-fold to ₹275 crore, supported by improvements in billing and collections and lower expected credit loss provisions. For FY25, Odisha DISCOMs reported PAT of ₹439 crore, up 43 per cent from the previous year.
The renewables business posted 62 per cent PAT growth year-on-year to ₹469 crore in Q4, and 48 per cent growth to ₹1,256 crore for FY25. The rooftop solar segment reported ₹100 crore PAT in Q4FY25 and ₹209 crore in FY25, with installations crossing 1.5 lakh units across more than 700 cities.
Manufacturing operations contributed ₹422 crore PAT in FY25, with TP Solar producing 3,291 MW of modules and 846 MW of cells. Revenue from TP Solar stood at ₹5,337 crore.
Dr. Praveer Sinha, CEO and Managing Director, Tata Power, said, 'FY25 has been a remarkable year for Tata Power, with the company achieving a record-breaking PAT exceeding ₹5000 crore, driven by exceptional contributions across all our business segments."
'Q4FY25 marks 22nd consecutive quarter of PAT growth, highlighted by several significant milestones. For the first time, we surpassed 1 GW in renewable capacity additions within a single year and are now targeting 2 GW in FY26. Our rooftop solar business has performed impressively, reaching over 1.5 lakh installations, with a total installed capacity of 3 GW. Additionally, our 4.3 GW cell and 4.3 GW module manufacturing facility in Tirunelveli, Tamil Nadu produced 3,291 MW of modules and 846 MW of cells during the year,' he added.
Tata Power commissioned over 2.5 GW of renewable capacity during FY25, which included 1 GW of in-house utility-scale projects, 600 MW of rooftop solar (~782 MWp), and 900 MW for third-party customers. It has nearly 3 GW of capacity under development and secured over 6,800 MW of grid connectivity, with more than 30,000 acres of land acquired for pipeline projects.
The 1,000 MW Bhivpuri Pumped Hydro Project received Central Electricity Authority (CEA) approval and is scheduled for commissioning by August 2028. The 1,800 MW Shirawata project is expected to begin construction later in FY26 and will be commissioned in 2030. Construction also began at the 600 MW Khorlochhu Hydro project in Bhutan, part of a 5 GW clean energy MoU.
In FY25, Tata Power supplied 64.7 billion units of electricity through its generation assets and 47 billion units through its distribution companies.
The company's renewable portfolio stood at 10.9 GW as on March 2025, including 5.4 GW under implementation. Tata Power installed over 1.4 lakh home EV chargers and 5,488 public or semi-public charging points across 641 cities.
The company signed multiple MoUs during the year, including:
1. $4.25 billion funding agreement with Asian Development Bank for clean energy projects
2. ₹30,000 crore MoU with Assam for 5,000 MW of clean energy
3. ₹49,000 crore MoU with Andhra Pradesh for 7,000 MW RE under ICE policy
4. 200 MW FDRE PPA with NTPC to generate 1,300 MUs
5. MoUs with ONGC and
Tata Motors
for storage and hybrid projects
TP Solar secured a ₹632 crore SECI order for 292.5 MWp of DCR solar modules for deployment in Andhra Pradesh.
Tata Power also crossed 26 lakh smart meter installations across its distribution operations.