Tata Power Company Limited — PPTs, 12-05-2026: Investor Presentation

Tata Power posted robust Q4 and FY26 financial results, driven by strong operational performance across its clean energy and distribution segments.

**Business Performance:** The company's full-year PAT rose 7.2% to ₹5,118 Cr, with underlying EBITDA up 10.1% to ₹16,798 Cr, despite a slight revenue dip. Q4 PAT jumped 8.4% to ₹1,416 Cr. Renewables commissioned 1.3 GW in Q4, reaching 6.5 GW installed capacity. Solar Cell & Module manufacturing saw Q4 revenue grow 25% to ₹1,879 Cr, with PAT up 40% to ₹265 Cr. Odisha DISCOMs significantly reduced AT&C losses to 15.5%, boosting PAT to ₹809 Cr for FY26.

**Growth Drivers & Strategy:** Tata Power is committed to a clean energy transition, aiming for 70% clean & green capacity by 2030 and Net Zero by 2045. Strategic focus includes hydro expansion in Bhutan (5.5 GW pipeline, Khorlochhu HPP construction, Dorjilung HPP financing totaling $515 million from World Bank) and pumped storage projects (1,000 MW Bhivpuri, 1,800 MW Shirwata) in India.

**Recent Developments:** The company achieved a cumulative 10 GW EPC execution milestone. The Mundra plant resumed operations on April 1, 2026, after an SPPA was signed with Gujarat. Over 7,000 public and bus EV charging points were installed.

**Key Financial Metrics:** FY26 Revenue stood at ₹63,681 Cr, and EPS was ₹12.0. Net Debt to Equity was 1.18x.

**Management Commentary / Outlook:** The company is focused on expanding its clean energy footprint and strengthening its distribution network, with significant projects in hydro and storage underway to support sustainable growth.