Tata Power Q3 Profit Beats Estimates, Clean Energy and Manufacturing Drive Growth

• Tata Power reported a slight year-on-year net profit increase to ₹1,194 crore in Q3, surpassing market expectations.
• Despite a 9.4% revenue decline to ₹13,948 crore and a 9% EBITDA fall to ₹3,055 crore, the EBITDA margin remained stable at 21.9%.
• The company commissioned 919 MW of utility-scale renewable projects and added 357 MW of in-house capacity, showcasing strong clean energy execution.
• Manufacturing operations achieved record production with 962 MW solar cells and 990 MW solar modules, boosting revenue by 26% and doubling profit due to lower input costs.
• Tata Power expanded its EV charging network to 5,743 points and completed the 400 kV Koteshwar-Rishikesh transmission line, demonstrating infrastructure growth.