India's Tata Power misses quarterly profit view on sluggish power demand

Tata Power

01/08/2025 12:13

Aug 1(Reuters) - India's Tata Power TTPW.NS reported first-quarter profit below analyst estimates on Friday as weak electricity demand weighed.

The company's consolidated net profit rose 9.2% to 10.60 billion rupees ($121.2 million) in the quarter ended June 30 from 9.71 billion rupees in the year-ago period.

Analysts, on an average, had expected 11.16 billion rupees, per data compiled by LSEG.

Revenue from operations rose 4.3% to 180.75 billion rupees, powered by a 52.1% surge in renewables while revenue from some of its largest segments - transmission and thermal and hydro operations - declined.

For further results highlights, click (Full Story)

KEY CONTEXT

India's power demand fell 1.8% year-on-year to 481 billion units in the quarter ended June 30, as unseasonal rains and an early monsoon arrival curbed cooling needs.

Analysts noted peak demand, expected to hit 270 gigaawatt (GW), remained subdued, dipping 1% to 242.5 GW in June.

Renewable generation surged in the reported quarter, with April up 33% to 23 billion units (BU), May rising 17% to 25 BU, and June climbing 26% to 27 BU.

Thermal generation continued to decline, with coal-based output down 9% in both May and June.

PEER COMPARISON

Valuation (next 12 months)
Estimates (next 12 months)
Analysts' sentiment
RIC
PE
EV/EBITDA
Price/Sales
Revenue growth
Profit growth
Mean rating*
# of analysts
Stock to price target**
Div yield (%)
Tata Power Company Ltd
TTPW.NS
25.20
12.36
NULL
10.64
18.59
Hold
21
0.95
0.57
Torrent Power Ltd
TOPO.NS
23.71
11.41
NULL
9.47
-1.25
Hold
9
0.97
1.45
NTPC Ltd
NTPC.NS
13.39
9.03
NULL
7.24
1.84
Buy
17
0.79
2.50
CESC Ltd
CESC.NS
13.89
8.33
NULL
9.24
14.49
Buy
9
0.82
2.65

* The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

APRIL-JUNE STOCK PERFORMANCE

-- All data from LSEG

-- $1 = 87.4970 Indian rupee

Adani Power Q1 stock performance https://tmsnrt.rs/4odJtYu

 (Reporting by Yagnoseni Das in Bengaluru; Editing by Ronojoy Mazumdar and Janane Venkatraman)

 ((Yagnoseni.Das@thomsonreuters.com;))