Tag Energy Storage

Tata Power Q3 FY25 Results
Tata Power Q3 FY25 Results: 10% Increase in Net Profit to ₹1,188 Crore | Key Business Segments & Renewable Energy Expansion

Tata Power Ltd: Overview 

Tata Power Ltd. is one of India’s largest integrated power companies, engaged in power generation, transmission, and distribution. With a legacy of over a century, the company has established itself as a key player in conventional and renewable energy sectors. Tata Power has a diversified portfolio, including thermal, hydro, solar, and wind energy, along with power trading and distribution. The company is focused on transitioning towards cleaner and sustainable energy solutions, aligning with India’s renewable energy goals. Tata Power has been instrumental in the development of solar rooftop solutions, electric vehicle (EV) charging infrastructure, and smart metering services. It is also actively engaged in energy storage solutions, micro grids, and grid modernization projects to enhance efficiency. The company’s continuous efforts in technological innovation, digital transformation, and customer-centric services have reinforced its leadership position in India’s power sector. The Indian power sector is undergoing a massive transformation, driven by policy reforms, increasing demand for clean energy, and technological advancements. The government’s push for renewable energy, with a target of 500 GW by 2030, has created vast opportunities for companies like Tata Power. The rapid adoption of electric vehicles (EVs) is also fuelling demand for charging infrastructure, an area where Tata Power has taken an early lead. Additionally, energy storage solutions, smart grids, and digitalization are emerging trends that are shaping the future of the power industry. Rising coal prices, fuel supply constraints, and regulatory challenges remain key concerns for the thermal power segment, but increasing investments in renewable energy and decarbonization initiatives are mitigating these risks. 

Latest Stock News 

India has one of the lowest per capita power consumption rates, highlighting significant growth potential in the energy sector. The country’s total installed renewable energy capacity currently stands at 462 GW, with 5.2 GW added in December 2024 and a total of 20.0 GW added during the first nine months of FY25. Tata Power Renewable Energy Ltd. (TPREL) commissioned one of India’s largest floating solar projects, a 126 MWp installation in Omkareshwar, Madhya Pradesh, further strengthening its renewable portfolio. TP Solar secured a ₹455 crore contract to supply 300 MWp ALMM modules to Maharashtra State Power Generation Company Limited, reinforcing its position as a key supplier in India’s solar industry. Additionally, Tata Power Trading Company Ltd. (TPTCL) partnered with Noida International Airport to supply 10.8 MW of wind power, supporting the airport’s sustainability initiatives. In a major financing development, Tata Power signed a Memorandum of Understanding (MoU) with the Asian Development Bank for US$4.25 billion to fund critical clean energy projects. During the quarter, Tata Power executed 467 MW of projects, reflecting its strong project execution capabilities. In the rooftop solar segment, the company’s order book remains robust, with 134 MW of solar rooftop capacity installed in Q3 FY25. Its distribution network continues to expand, surpassing 560 channel partners across more than 400 districts, further enhancing its market reach and accessibility. 

Business Segments 

  • Generation: Tata Power has a total installed capacity of over 14 GW, comprising thermal, hydro, solar, and wind energy. The company’s focus on renewable energy has led to significant capacity additions, with an increasing share of solar and wind power. Its coal-based thermal plants in Mundra, Trombay, and Jojobera continue to contribute to base-load power generation, ensuring stability in supply. The company also operates hydroelectric power plants in Maharashtra and other states, supporting clean energy initiatives. 
  • Renewable Energy: Tata Power Renewables is a major contributor to India’s green energy transition, with over 4.2 GW of renewable capacity, including utility-scale and rooftop solar projects. The company is actively expanding its solar EPC business, catering to industrial, commercial, and residential consumers. Tata Power’s focus on hybrid energy solutions and floating solar projects is expected to further boost its renewable portfolio in the coming years. 
  • Transmission and Distribution: Tata Power operates transmission networks and distributes power across multiple cities, including Mumbai, Delhi, and Odisha. The company has been a pioneer in implementing smart metering, demand-side management, and advanced grid solutions to enhance reliability and efficiency. Through partnerships with state governments and private entities, Tata Power is continuously expanding its distribution footprint. 
  • Electric Vehicle (EV) Charging Infrastructure: Recognizing the rising adoption of EVs, Tata Power has established itself as a market leader in EV charging solutions. The company has installed over 5,000 charging stations across India, covering highways, residential areas, and commercial hubs. Its expansion in this segment aligns with India’s push for sustainable mobility. 
  • Energy Services & Storage Solutions: Tata Power is also investing in energy storage technologies, including battery energy storage systems (BESS), micro grids, and grid-scale solutions. These initiatives aim to enhance grid stability and support renewable integration. 

Subsidiary Information 

  • Tata Power Renewable Energy Ltd. (TPREL): This subsidiary focuses on developing and managing renewable energy assets, including solar and wind projects. It has been a key driver in Tata Power’s goal to expand its green energy capacity. TPREL has been actively securing large-scale solar projects through government tenders and private-sector collaborations. 
  • Coastal Gujarat Power Ltd. (CGPL): CGPL operates the 4,000 MW Mundra Ultra Mega Power Plant (UMPP), one of India’s largest coal-fired power stations. Despite challenges due to rising fuel costs, CGPL plays a critical role in providing reliable power to multiple states. The company is also exploring cleaner energy solutions to reduce its carbon footprint. 
  • Tata Power Delhi Distribution Ltd. (TPDDL): This joint venture with the Delhi Government is responsible for power distribution in North Delhi. TPDDL has been at the forefront of smart grid implementation, reducing power losses and improving service efficiency. The company has also been actively involved in demand-side management programs to enhance energy conservation. 
  • Tata Power Solar Systems Ltd.: As one of India’s leading solar EPC players, Tata Power Solar specializes in solar module manufacturing, rooftop solar installations, and large-scale solar farms. The company has undertaken several prestigious projects across the country, reinforcing its position as a key player in India’s solar energy sector. 
  • Tata Power Trading Company Ltd. (TPTCL): This subsidiary is involved in power trading and energy management solutions. TPTCL facilitates the sale and purchase of power across different regions, optimizing supply-demand balance and ensuring efficient utilization of generation capacity. It plays a crucial role in providing open access solutions to industries and commercial enterprises. 

Q3 FY25 Earnings 

  • Revenue of ₹15391 crore in Q3 FY25 up by 5.05% YoY from ₹14651 crore in Q3 FY24.  
  • EBITDA of ₹3079 crore in this quarter at a margin of 20% compared to 16% in Q3 FY24. 
  • Profit of ₹1188 crore in this quarter compared to a ₹1076 crore profit in Q3 FY24. 

Financial Summary 

Amount in ₹ Cr Q3 FY24 Q3 FY25 FY23 FY24 
Revenue 14651 15391 55109 61449 
Expenses 12334 12312 47381 50714 
EBITDA 2417 3079 7728 10735 
OPM 16% 20% 14% 17% 
Other Income 1092 589 5540 3416 
Net Profit 1076 1188 3810 4280 
NPM 7.3% 7.7% 6.9% 6.9% 
EPS 2.9 3.2 10.4 11.6 
Reliance Industries Q3FY24
Reliance Industries Q3FY24: Strategic Acquisitions Propel Energy Innovation and Infrastructure Growth

Reliance Industries Ltd: Overview 

Reliance Industries Limited (RIL) is a diversified conglomerate and one of India’s largest publicly traded companies. The company is led by Mukesh Ambani, who has steered its evolution into a leader in both traditional and emerging business domains. It has a strong presence across multiple sectors, including petrochemicals, refining, oil & gas exploration, telecommunications, retail, and digital services. The company’s petrochemical business is a leading global player in producing polymers, chemicals, and synthetic fibres. Its refining business, centered around its Jamnagar facility, is one of the largest in the world, processing crude oil into a wide range of products, including gasoline, diesel, and petrochemicals. In the telecom sector, RIL owns Jio, a leading digital services provider in India, revolutionizing the country’s telecom landscape with affordable data and innovative digital services. The retail segment, led by Reliance Retail, operates numerous outlets across the country, spanning fashion, electronics, groceries, and more. Additionally, RIL has made strategic investments in renewable energy and is focused on transitioning to a cleaner energy future. Its forward-looking approach to technology, infrastructure, and sustainable growth positions it as a significant player in both domestic and global markets.  

Latest Stock News (18 Jan, 2025) 

Reliance Industries Limited (RIL) has announced two strategic acquisitions, highlighting its commitment to energy innovation and infrastructure. Reliance acquired a 100% stake in RNEBL, which Reliance New Energy Limited (RNEL) had previously owned as a step-down subsidiary. RIL incorporated RNEBL on January 1, 2025, making it a direct wholly owned subsidiary. The company specializes in developing advanced battery cells, battery packs, containers, and energy storage solutions. The acquisition underscores RIL’s focus on expanding its footprint in sustainable and innovative energy storage technologies. In addition to RNEBL, RIL acquired a 100% stake in LPTL for ₹8 crore. The acquisition is a step forward in enhancing India’s power transmission infrastructure. LPTL’s inclusion in RIL’s portfolio aligns with the company’s broader strategy of strengthening the nation’s energy and power capabilities. With these acquisitions, RIL continues to position itself as a leader in energy innovation and infrastructure development. As reported by republicbiz.com, by integrating advanced energy storage technologies and investing in power transmission, RIL demonstrates its commitment to driving India’s energy transition and supporting sustainable growth. 

Business Segments 

  • Digital Services: Jio’s subscriber base has shot up to 481.8 million. The pan-India rollout of True5G network was completed during the year in world-record time with over 108 million subscribers already having migrated to Jio’s True5G network. The launch of JioAirFiber has been well received by consumers. The introduction of JioBharat phone offers people who are on 2G networks an enriching data experience at affordable prices. In fact, JioBharat phone has already acquired 50% market share in the sub C 1,000 segment. 
  • Media & Entertainment: Media segment consolidated its market share with leadership across important segments. Record viewership of the Indian Premier League on JioCinema underscored our ability to scale-up audience on our digital platform in a short time. 
  • Oil & Gas Exploration: Overall domestic production grew 53.2% YoY to 268.6 BCFe. With increased production from the KG-D6 block, the business witnessed a robust EBITDA growth of 48.6% YoY. Exploration activities in the KG UDW1 block and multi-lateral well campaign in the CBM block are underway. 
  • Retail: The retail business significantly benefited from operating leverage, efficiency gains, and investments in technology and people. We continued to consolidate our leadership position through acquisitions and partnerships. We launched Tira, our omni-channel beauty retail platform and undertook rapid expansion of the platform’s digital and physical footprint. Our retail store network expanded to 18,836 stores, taking the overall retail space to 79.1 million sq. ft. 
  • Oil to Chemicals: Product cracks for transportation fuels remained strong albeit lower than the previous year. Demand for downstream chemicals was muted globally but domestic demand remained healthy. Despite the headwinds, the O2C business registered a resilient performance. Jio-BP launched the ‘You Deserve More’ campaign and continued to expand its network of fuel retailing and EV charging outlets. 

Subsidiary Information 

Reliance Industries has about 360 subsidiaries into its company, but here are some key subsidiaries explained in brief: 

  • Reliance Retail Ltd: As India’s largest and most profitable retailer, Reliance Retail offers a wide array of products, including groceries, electronics, and apparel, through an extensive network of physical stores and digital platforms. 
  • Reliance Jio Ltd: This subsidiary has transformed India’s telecommunications landscape by providing affordable 4G and 5G services, amassing over 479 million subscribers. Reliance Jio is preparing for an initial public offering (IPO) in Mumbai, slated for 2025, with an expected valuation exceeding $100 billion. 
  • Reliance Ventures Ltd: Serving as the venture capital arm of RIL, Reliance Ventures invests in emerging businesses and technologies, fostering innovation and strategic growth across various sectors. 
  • Tira Beauty Ltd: Launched in April 2023, Tira is an omni channel beauty retail platform under Reliance Retail, offering a curated range of beauty products through both online and offline channels. The platform leverages artificial intelligence tools to enhance customer experience and has plans to expand across 100 cities in India. 
  • TV18 Broadcast Ltd: A subsidiary of Network18, in which RIL holds a significant stake, TV18 Broadcast operates numerous television channels across news and entertainment genres, including CNN-News18 and CNBC-TV18, making it a prominent player in India’s media industry. 

Q3 FY25 & Business Highlights 

  • Revenue of ₹239986 crore in Q3 FY25 up by 6.6% YoY from ₹225086 crore in Q3 FY24.  
  • EBITDA of ₹43789 crore in this quarter at a margin of 18% compared to 18% in Q3 FY24. 
  • Profit of ₹21930 crore in this quarter compared to a ₹19641 crore profit in Q3 FY24. 
  • O2C performance steady YoY, strong QoQ supported by feedstock optimisation and strong domestic demand. Rebound in Retail performance with higher footfalls and transactions amid strong festive season demand. 
  • Grocery- strong 37% growth in B2C, traction in consumer brands led by Campa and Independence, Continuing footprint expansion- added 779 new stores. 
  • Pan India network and improving device availability drives Jio 5G subscriber base to over 170 million as of Dec’24. Jio network continues to attract 70% of the incremental 5G devices sold in India. Record home connects of 2 million in 3Q FY’25 with total connected premises at 17 million. 
  • ResQ, the largest electronics service organization, expanded on-demand services to 75 additional cities, total coverage across 225 cities. 
  • Own Brand contribution continues to grow; Avaasa, Netplay & DNMX are leading brands in respective categories. 

Financial Summary 

INR Cr. Q3 FY24 Q3 FY25 FY23 FY24 
Revenue 225086 239986 876396 899041 
Expenses 184430 196197 734078 736543 
EBITDA 40656 43789 142318 162498 
OPM 18% 18% 16% 18% 
Net Profit 19641 21930 74088 79020 
NPM 8.7% 9.1% 8.5% 8.8% 
EPS 12.8 13.7 49.3 51.5