Tata Power Reports 10% PAT Growth And 7% EBITDA Rise In Q3 FY25, Marking Strong Progress Across Key Segments

Tata Power reported a solid financial performance for Q3 FY25, continuing its trajectory of growth with a 10% increase in Profit After Tax (PAT), reaching ₹1,188 crore. The company also saw a 7% rise in EBITDA, totaling ₹3,481 crore. For the nine months ending December 31, 2024, Tata Power’s performance was equally impressive, with PAT rising by 30% to ₹3,909 crore and EBITDA reaching an all-time high of ₹10,639 crore.

The company’s renewable energy segment continued to shine, with a 59% increase in PAT for Q3 FY25, amounting to ₹214 crore. Over the nine months, this business saw a 41% increase in PAT, reaching ₹787 crore. Tata Power now has an installed clean energy capacity of approximately 6.7 GW, with a project pipeline aiming to increase this to over 16.7 GW in the future. This expansion supports the company’s leadership in clean energy development.

In solar manufacturing, Tata Power’s plant in Tamil Nadu is running at full capacity, with 4 GW of solar cells now operational. The solar manufacturing segment achieved revenues of ₹1,300 crore in Q3 FY25 and has produced over 2.4 GW of modules in the first nine months. With further investments, the company plans to add a 300 MW TOPCon line by Q4 FY25. Tata Power’s rooftop solar business also performed well, seeing a 15% revenue growth in Q3 FY25 and strong progress in expanding installations across India.

Tata Power’s Transmission and Distribution segment recorded a 7% PAT growth in Q3, totaling ₹370 crore, and a 32% growth over the nine months, with significant contributions from Odisha, Delhi, and Mumbai. The company is targeting a capacity of 10,500 Ckm by FY30 and has secured large transmission bids worth ₹7,100 crore. Tata Power is also looking to expand its operations beyond India, with a strategic partnership in Bhutan for developing 5 GW of clean energy capacity, including 4.5 GW of hydro and 500 MW of solar.

The company continues to lead in sustainable mobility as well, surpassing 120,000 home chargers and 1,156 e-bus charging points. Tata Power’s commitment to electric vehicles is reflected in its substantial infrastructure development, supporting the country’s transition to clean energy.

Tata Power also launched several initiatives this quarter, including “Eco Crew,” an energy literacy movement that has reached over 1,000 schools across Uttar Pradesh, with plans to reach 500,000 students. The company earned recognition for its sustainability efforts, receiving a score of 68/100 in the S&P Global ESG assessment and the ICAI’s Silver Shield for Excellence in Financial Reporting for FY2023-2024.

With a consistent track record of growth and a forward-looking approach to clean energy, Tata Power continues to play a significant role in India’s energy transition.