Tata Power Shares Wobble on D-Street After Q4 Results: Here's What Analysts Say

Tata Power shares were trading marginally down on the National Stock Exchange after the company announced a minor 8% surge in revenue figure to Rs 17,238 crore in Q4 from Rs 16,256 crore recorded in the corresponding quarter of the previous fiscal. However, profit levels witnessed a robust 25% rise to Rs 1,306 crore from Rs 17,328 crore reported in the same period of last fiscal.

At 11:20, Tata Power shares were trading at Rs 395 price level, down by 0.33% on the NSE. In the last 5 trading sessions, shares of Tata's power arm experienced a robust uptick of more than 9.7%.

Ebitda for the quarter ending March stood at Rs 3,829 crore, signalling a rise of 14%, owing to "strong performance across the core businesses comprising generation, Transmission and Distribution (T&D) and renewables." On an annual basis, Tata Power reported the highest ever revenue figure at Rs 64,502 crore in FY25, indicating a rise of 5% YoY (year-on-year).

"Q4FY25 marks 22nd consecutive quarter of PAT growth, highlighted by several significant milestones. For the first time, we surpassed 1 GW in renewable capacity additions within a single year and are now targeting 2 GW in FY26. Our rooftop solar business has performed impressively, reaching over 1.5 lakh installations, with a total installed capacity of 3 GW," said Praveer Sinha, CEO and managing director, Tata Power.

Tata Power Share Price

So far this year, Tata Power shares have remained largely range-bound, albeit trading in the green territory. However, in the last 6 months, the share price has experienced a single-digit decline from Rs 404.75 (in January) to Rs 395.

As for now, the stock is down by over 20% from its 52-week high of Rs 494 on NSE.

What Analysts Say

As per Elara Securities, Tata Power can benefit from power transmission capex, power distribution reforms and green investments. The company is planning to increase its renewable energy capacity to 15 GW by FY27.

"Tata Power is implementing 2.8 GW of PSP projects and has a sizeable opportunity in solar EPC. The company's 4.3 GW manufacturing plant is running at 90% utilization. We have raised our TP given better execution of the solar module and ramp-up at the cell facility," the brokerage firm said while maintaining a BUY rating with a higher Sum-of-the-Parts (SoTP) target price of Rs 504 from Rs 488.

"We estimate the company to report FY25-28 CAGR of 10%/14%/18% in Revenue/ EBITDA/ PAT largely driven by integrated RE portfolio and, continued outperformance of Odisha," JM Financials said in its report. The brokerage firm has maintained its BUY rating with a SOTP-based target price of Rs 461.