More Stories

Informist, Thursday, Jul. 31, 2025

By Sunil Raghu

AHMEDABAD – Tata Power Co. Ltd. is likely to report strong earnings growth for yet another quarter, driven by a robust performance by its renewable energy segment and strong execution by its solar engineering arm, Tata Power Solar Ltd. Most analysts say the company's net profit for the June quarter will rise primarily due to the addition of solar power capacity.

Tata Power's consolidated net profit for the June quarter is expected to rise 4.3% on year to INR 10.1 billion, based on the average of the estimates of five brokerage firms. On a sequential basis, the bottom line is seen declining 2.8%. Among the five brokerages, Nuvama Wealth Management Ltd. has the highest estimate for Tata Power's net profit for the June quarter at INR 10.8 billion, while JM Financial Institutional Securities Pvt. Ltd. has the lowest at INR 8.6 billion.

Tata Power's consolidated revenue for the latest quarter is seen rising nearly 3.2% on year to INR 178.4 billion, based on the average of five estimates. On a sequential basis, the revenue is expected to decline 3%. Among the five brokerages, Motilal Oswal Financial Services Ltd. has the highest estimate at INR 184 billion, while Nuvama Wealth Management Ltd. has the lowest at INR 172.7 billion.

The company's consolidated earnings before interest, tax, depreciation, and amortisation for the June quarter is seen at INR 34.5 billion, according to the average of four brokerages' estimates.

Motilal Oswal expects Tata Power's adjusted net profit to grow 32% on year, led by the commissioning of 752 MW of solar capacity in the June quarter, a "healthy" plant load factor at the Mundra power plant, and steady performance by the Odisha distribution business.

Brokerages suggest that the pace of renewable capacity commissioning, performance of its distribution assets, ramp-up at its 2.5-GW solar cell and nearly 5-GW module manufacturing facilities in Tamil Nadu and Bengaluru will remain key factors to be monitored. The company is scheduled to detail its earnings for the June quarter on Friday.

At 1326 IST, shares of the company were almost flat at INR 398.20 on the National Stock Exchange. The stock is up 0.3%  since the company detailed its earnings for the March quarter. 

Of the nine research reports on the company available with Informist, eight have a 'buy' or equivalent rating, with an average target price of INR 478 per share. One brokerage has a 'sell' rating on the stock with a target price of INR 374 per share.

Following are the June quarter consolidated earnings estimates for Tata Power based on reports from five brokerage firms in descending order of net profit estimate (in INR million):

End

Edited by Avishek Dutta

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.