Tata Power Company earnings calls.

Tata Power delivered a strong Q1 FY27 with management highlighting 27 consecutive quarters of PAT growth, driven by robust demand (8.5% YoY increase in Q1) and operational excellence across segments. The renewable cluster performed exceptionally with 22% revenue growth and 37% PAT growth, while rooftop solar nearly doubled revenue YoY to ₹4,800 crCurrent ₹4,800 Cr. Reported change: +100% YoY.ore with 60-70% growth guidance for FY27. The company commissioned 200 MW of renewable capacity with 500 MW expected shortly, targeting 2.5-2.7 GWCurrent 2.5-2.7 GW. Reported change: New capacity target. additions in FY27 to reach 9+ GW total. Capex of ₹5,300 crCurrent ₹5,300 Cr. Reported change: Q2 guidance ₹6,500 Cr.ore was deployed in Q1 with ₹25,000 crore full-year guidance, while net debt/EBITDA remains comfortable at 3.41x. Key risks include Odisha discom collection delays expected to normalize in Q2, renewable curtailment of ~5% due to transmission bottlenecks, and TBCB projects not yet commissioned (revenues to flow from Q2 onwards). Management expressed confidence in Mundra plant sustainability with state approvals expected by August-September.