Tata Power Company Ltd — Q1FY27 earnings call summary

Filed 31 July 2026 · Official transcript

Overall outlook positive with strong demand, capacity additions, and project pipeline
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
Q1 FY27 PAT 1,401 Cr +11%, EBITDA 4,249 Cr +8%, revenue also up
Net debt/EBITDA 3.41, net debt/equity 1.25 within targets
Pumped hydro projects progressing; commissioning from 2029; 1,800 MW Shirwata PSP to start later this year
TBCB projects commissioning starts Q2; curtailment ~5% expected to ease
Coal prices expected to rise 5-7% over next 9 months; Indonesian export rules compliant