Tata Power Achieves Highest Ever Quarterly PAT of ₹ 1,533 Crore in Q2FY25

Mumbai, Oct 31: Tata Power, one of India’s largest integrated power companies spearheading the country’s energy transition, reported its 20th consecutive quarterly PAT growth.

During the quarter ended September 30, 2024, the Company reported its highest-ever PAT before exceptional items of ₹ 1,533 Crore, up 51% YoY.

Consolidated EBITDA during the quarter rose 23% to ₹ 3,808 Crore on the back of ramped-up solar manufacturing, favorable regulatory development in distribution, and operational efficiency across businesses.

For the H1FY25 period, the Company clocked its highest-ever Revenue, EBITDA, and PAT before exceptional items at ₹ 32,057 Crore, ₹ 7,158 Crore, and ₹ 2,721 Crore, respectively.
Dr. Praveer Sinha, CEO and Managing Director, Tata Power, said, “Our Generation, Transmission & Distribution, and Renewable businesses continue to witness sustained growth momentum as India sees record power demand and investment in the new Age of Electricity. All our business segments have performed remarkably well during the quarter leading to 20th consecutive quarterly PAT growth.

Aligned with the ‘Make in India’ vision, our 4.3 GW cell-and-module plant in Tamil Nadu is going strength-to-strength with the commissioning of a 2 GW cell production line during the quarter. The cell plant will achieve its full capacity by next month. The 4.3 GW module plant is already fully operational establishing us as a leader in solar manufacturing.

We have made significant strides in the transmission business with major wins in both Inter-State and Intra-State projects, showcasing our strong project execution capabilities in upgrading grid infra. These projects will help evacuate clean energy from remote renewable sites, to support widescale renewable energy availability.

We are mainstreaming the wide-scale adoption of solar rooftops in residential, commercial and industrial segments through our pan-India presence. We are also powering e-mobility in 590 cities, covering private, public, semi-public, and fleet charging.

We are well on track in terms of our planned Capex for the financial year, with ₹ 9,100 Crore spent during H1 out of ₹ 20,000 Crore. Our investments in transmission, renewables, and hydro projects are designed to strengthen India’s energy resilience and security.”