Q1 2027 Tata Power Company Ltd Earnings Call Transcript
Key Points
- Tata Power Co Ltd (BOM:500400) reported a significant increase in key financial metrics, with a 45% CAGR in revenue, 19% in EBITDA, and 27% in PAT.
- The company's renewable cluster showed strong performance, with revenue up by 22%, EBITDA by 23%, and PAT by 37%.
- The rooftop business experienced remarkable growth, with revenue increasing by nearly 100% year-over-year and a CAGR of 58% over four years.
- Tata Power Co Ltd (BOM:500400) is making substantial investments in Mumbai Transmission, with INR10,000 crore planned over the next five years, ensuring future growth.
- The company is expanding its renewable capacity, aiming to add 2.5 gigawatts this year, which will increase its total capacity to over nine gigawatts by the end of the financial year.
- The Odisha distribution business faced challenges due to delayed government payments and a heatwave, impacting collection efficiency.
- Tata Projects continued to incur losses, with legacy projects affecting financial performance, though improvements are expected in future quarters.
- There were transmission bottlenecks causing a general curtailment of roughly 5% in the industry, affecting Tata Power Co Ltd (BOM:500400)'s projects.
- The solar EPC segment posted a loss at the EBITDA level, as the company shifts focus to in-house projects and wraps up third-party EPC work.
- Mundra plant operations under Section 11 have not yet secured full approvals from all states, impacting the plant's financial performance.
(audio in progress) Increase of 45% CAGR, 19% in EBITDA and 27% in PAT. Mumbai Transmission itself has shown 7% CAGR in revenue, 11% in EBITDA and 21% in PAT.
And this will continue because we have huge pipeline of investment which is there in Mumbai Transmission. Nearly INR10,000 crore of investment will happen in next five years. This is on regulated basis, so we not only get the regulated but also certain upsides because of better performance on efficiency and availability of this transmission system.
Similarly, on our PBDB projects which are getting implemented, some are now in the final stages of completion. One will get completed, the Agra Khurja line in next few days. The other one, the Bikaner-Neemrana line, will also get commissioned by October. Again, huge pipeline of projects and you will see the benefits of that accruing in the subsequent quarters.
Letâs look at our distribution business. Again, consistently we have done very good. If you look at the total
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
