Tata Power delivers strong performance in Q3FY25

PAT Rises by 10% to ₹1,188 crore EBITDA grows 7 % to ₹ 3,481 crore ⎯ 9M FY25 Performance – PAT* Increases by 30% to ₹ 3,909 crore; EBITDA rises by 14 % to all-time high of ₹10,639 crore ⎯ Achieves 21st Consecutive Quarter of PAT Growth

Renewables Business: PAT for renewable business in Q3FY25 grows by 59 % to ₹ 214 crore and by 41% to ₹ 787 crore over 9M. Clean & green portfolio now stands at ~ 6.7 GW installed and a pipeline of 10 GW, which will take the total portfolio to over 16.7 GW • Solar Manufacturing Infrastructure: The entire 4 GW Cell line at the Tirunelveli plant in Tamil Nadu is fully operational. Additional 300 MW TOPCon line to be commissioned in Q4FY25. The manufacturing unit reported revenues of more than ₹1,300 crore, EBITDA of ~ ₹226 crore, and PAT of ₹112 crore in Q3FY25. In the first nine months, the facility has produced more than 2.4 GW of Modules and reported Revenues of ₹3,831 crore, EBITDA of ₹471 crore and PAT of ₹231 crore

Rooftop Solar Business continues its pan-India expansion; Targets 30 lakh installations by 2030: With close to 2.5 GW of rooftop installations nationwide, the Company has advanced its #GharGharSolar initiative to Tamil Nadu, building on the success in Rajasthan, Uttar Pradesh, Kerala, and Chhattisgarh. The Rooftop business saw revenue growth of 15 % to ₹ 509 crore in Q3FY25 and on a 9-month basis reported revenues of ₹1,346 crore, up 22% on a YoY basis. It is well poised to achieve a target of 30 lakh installations by 2030 to support PM Surya Ghar Yojana • Power Transmission and Distribution capacity: With capex investments of ₹ 3,000+ crore in 9MFY25, the Transmission & Distribution business reported 7% PAT growth to ₹ 370 crore in Q3FY25 and 32% to ₹1384 Crore in 9M. This was buoyed by the robust performance of Odisha, Delhi and Mumbai Distribution businesses. Aimed with a target of 10,500 Ckm of capacity by FY30, the company won four large strategic Transmission bids valued at ~ ₹7,100 crore in the last 10 months • Regional Clean Energy Projects: Expanding its footprint beyond India, the Company has forged a strategic alliance with Druk Green Power Corporation Ltd. (DGPC), to develop 5 GW of clean energy capacity (4.5 GW of Hydro & 500 MW of Solar) ensuring sustainable and round-the-clock energy supply for Bhutan and India. The quarter saw Tata Power Trading Company Ltd (TPTCL) supply 50 MW of renewable energy to Bhutan, the first-ever bilateral cross-border merchant supply • Leading the path for Sustainable Mobility: The quarter saw the company surpass a milestone of 1,20,000 home chargers and 1,156 e-bus charging points. This extensive infrastructure supports the company’s commitment to driving the adoption of electric vehicles across the country

Mumbai, February 4th, 2025: Tata Power, one of India’s largest integrated power companies spearheading the country’s energy transition, today reported its 21st consecutive quarterly PAT growth. During the quarter ended December 31, 2024, the Company reported its PAT of ₹ 1,188 crore, up 10% YoY. Consolidated EBITDA during the quarter rose 7% to ₹ 3,481 crore on the back of solid contributions and operational efficiency across businesses. For the 9MFY25 period, the Company clocked a Revenue and PAT* of ₹ 47,174 crore and ₹ 3,909 crore respectively. The 9-month period also saw the EBITDA reach its all-time high at ₹ 10,639 crore. Consolidated financial performance (in ₹. crore) Consolidated Q3 FY25 Q3 FY24 % YoY Growth 9M FY25 Revenue 9M FY24 15,118 14,841 2% 47,174 % YoY Growth EBITDA 45,286 3,481 3,250 7% 10,639 4% PAT 9,342 before Exceptional Items 1,188 1,076 14% 10% Reported PAT 1,188 1,076 3,909 3,000 30% 10% *PAT is before exceptional items 3,469 3,235 7% Dr. Praveer Sinha, CEO and Managing Director, Tata Power, said, ” We have delivered a sustained PAT growth trajectory over the last 21 quarters and all our businesses have been contributing to this growth. We have emerged as a clean energy leader with presence across the full value chain of manufacturing, EPC, and development of renewable projects along with retail supply through group captives. As an integrated power company, we offer complete energy services towards our portfolio of generation, transmission and distribution solutions to provide affordable power for all. Our operations in Odisha have emerged as a role model for Discom reforms. We are earnestly exploring distribution opportunities in other states to support the government’s focus on revamping the sector. Our recent wins in large-scale transmission projects reaffirm our expertise and commitment to evacuation and supply of power nationwide and put us at the centre of the development of upcoming Green Energy Corridors. As the Government is looking for active partnerships with private players and the amendment to the Nuclear Power Act to set up nuclear energy capacity, we will take up the opportunities to set up small modular nuclear reactors.”