Announcement under Regulation 30(LODR) - Earnings Call Transcripts for Q1 FY27.

AI summary - Q1 FY27 PAT 1,401 Cr +11%, EBITDA 4,249 Cr +8%, revenue also up - 27th consecutive quarter of PAT and EBITDA growth; CAGR revenue 8%, EBITDA 12%, PAT 7% - Transmission business: 45% CAGR revenue growth; Mumbai Transmission pipeline 10,000 Cr over 5 years - Renewables revenue +22%, EBITDA +23%, PAT +37%; rooftop revenue doubled y-y, 4-year CAGR PAT 84% - Capex Q1 at 5,300 Cr; FY27 plan 25,000 Cr, 50% in renewables - Mundra plant operating under Section 11; tariff cost reflective without ROE; approvals expected Aug-Sep - Pumped hydro projects progressing; commissioning from 2029; 1,800 MW Shirwata PSP to start later this year - Net debt/EBITDA 3.41, net debt/equity 1.25 within targets - TBCB projects commissioning starts Q2; curtailment ~5% expected to ease - Solar EPC third-party work discontinued; focus on in-house pipeline - Rooftop market potential large; Tata Power aims to increase market share to 25% by 2029 - Coal prices expected to rise 5-7% over next 9 months; Indonesian export rules compliant - TP Solar module production crossed 1,000 MW in Q1; margins stable ~25-26% - Odisha and Delhi DISCOM collections impacted by seasonal billing cycles; expected to normalize - Overall outlook positive with strong demand, capacity additions, and project pipeline