Tata Power’s solar manufacturing arm, TP Solar, reported its highest-ever quarterly production in the April-June quarter (Q1 FY2027), manufacturing 1,001 MW of solar modules and 862 MW of solar cells.
The company said its module and cell manufacturing facility achieved plant yields of 96.3% and 87%, respectively.
Revenue from the solar manufacturing business increased 53% year-on-year to INR 2,462 crore. Profit after tax (PAT) surged 287% to INR 371 crore, supported by input cost efficiencies and a diversified sales mix.
Tata Power said 63% of its module sales during the quarter were to external customers, including the rooftop solar segment, while more than 50% of its cell production was sold externally.
As part of its expansion across the solar value chain, the company is progressing with the development of a 10 GW photovoltaic ingot and wafer manufacturing facility (to be implemented in two phases of 5 GW each). The company has signed an MoU with Gopalpur SEZ for 128 acres of land, while land development and environmental clearance activities are currently underway.
Tata Power’s rooftop solar business installed 371 MWp during the quarter, up 37% from the same period last year, generating revenue of INR 1,350 crore. The segment reported a PAT of INR 145 crore, representing 1.7-times year-on-year growth, driven by pan India execution and increased adoption across consumer segments.
The company also launched integrated solar-plus-battery solutions to expand its addressable market. Tata Power Solaroof’s cumulative installed capacity has now reached 5.2 GWp, serving more than 480,000 customers.
Tata Power said its total renewable energy portfolio now stands at 12 GW, including under construction capacity of 5.3 GW.
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