Bhubaneswar: Tata Power, one of India’s largest integrated power companies, continues its strong growth momentum for the 22nd consecutive quarter with the Company posting a Profit After Tax (PAT) of ₹ 1,306 crore (up 25%YoY) and revenue of ₹ 17,328 crore (up 7% YoY). EBITDA for Q4FY25 rose 14% to ₹ 3,829 crore on the back of strong performance across the core businesses comprising generation, T&D, and renewables.
Core business PAT* grew by 52% (YoY) to ₹ 1,541 crore.
Higher power sales from all generating plants, ramp up of all module and cell lines in Tirunelveli, significant strides in solar rooftop business pan-India (achieving 1.5 lakh installation milestone) contributed significantly to the overall growth.
In Q4FY25, the Distribution segment recorded an impressive 73% YoY growth in PAT, driven primarily by Odisha DISCOMs’ strong performance. Odisha DISCOMs’ PAT surged 3x to ₹ 275 crore, supported by improved billing and collection efficiencies, along with lower ECL provisions.
The Company posted its highest ever annual revenue of ₹ 64,502 crore for the financial year ended March 31, 2025. PAT* for full year rose 26% to ₹ 5,197 crore, crossing the milestone of ₹ 5,000 crore mark for the first time. EBITDA for the year also rose to a record level of ₹ 14,468 crore, up 14%.
*PAT is before exceptional items
Consolidated financial performance (in ₹ crore)
| Particulars | Q4 FY25 | Q4 FY24 | % Change YoY | FY25 | FY24 | % Change (YoY) |
| Revenue | 17,238 | 16,256 | 7% | 64,502 | 61,542 | 5% |
| EBITDA | 3,829 | 3,358 | 14% | 14,468 | 12,701 | 14% |
| PAT (before exceptional) | 1,288 | 1,109 | 16% | 5,197 | 4,109 | 26% |
| Reported PAT | 1,306 | 1,046 | 25% | 4,775 | 4,280 | 12% |
Dr. Praveer Sinha, CEO and Managing Director, Tata Power, said “FY25 has been a remarkable year for Tata Power, with the company achieving a record-breaking PAT exceeding ₹5000 crore, driven by exceptional contributions across all our business segments.
Q4FY25 marks 22nd consecutive quarter of PAT growth, highlighted by several significant milestones. For the first time, we surpassed 1 GW in renewable capacity additions within a single year and are now targeting 2 GW in FY26. Our rooftop solar business has performed impressively, reaching over 1.5 lakh installations, with a total installed capacity of 3 GW. Additionally, our 4.3 GW cell and 4.3 GW module manufacturing facility in Tirunelveli, Tamil Nadu produced 3,291 MW of modules and 846 MW of cells during the year. Our Distribution segment also delivered strong results, with PAT from Odisha Discoms surging 3x in Q4FY25 and 43 % in FY25.
Building on this strong growth trajectory, we are poised to shape the contours of a new energy era—advancing India’s energy self-reliance and powering its transformative journey to become the world’s third-largest economy.”
In FY25, Tata Power commissioned over 2.5 GW of renewable capacity—comprising 1 GW of in-house utility-scale projects, 600 MW of rooftop solar (~782 MWp), and 900 MW for third-party customers—showcasing its expertise to execute at speed and scale. The Company has nearly 3 GW capacity under development across states like Karnataka and Maharashtra. It has secured over 6,800 MW of grid connectivity, and has acquired more than 30,000 acres of land for setting up the ongoing 5.4 MW of projects in pipeline.
To meet the FY26 all-India expected peak demand of 277 GW, all our renewable and thermal generation plants continue to operate at optimal capacity to ensure the most cost-effective and reliable power supply.
The government has extended Section 11 until June 2025, supporting the continued operation of our Mundra Plant, one of the most efficient power plants in the country. This plant is crucial to meet the growing power demand.
The 1,000 MW Bhivpuri Pumped Hydro Project has secured key approvals, including from the Central Electricity Authority (CEA), and is set to begin construction in H1 FY26 with commissioning targeted by Aug 2028. Work on the 1,800 MW Shirawata project is expected to start in later part of the year and will get commissioned in 2030. With the starting of work at the 600 MW Khorlochhu Hydro project in Bhutan (part of a broader 5 GW clean energy MoU with Bhutan), the Company is advancing the regional energy security.
In FY25, Tata Power successfully supplied over 64.7 billion units of electricity to the grid through its diverse portfolio of conventional and renewable generation assets, playing a key role in meeting the country’s rising energy demand. Additionally, its Discoms supplied approximately 47 billion units of electricity to its consumer base, reinforcing its position as a reliable and responsible power Company.
