Key Points:
* According to analysts, renewable energy is set to be a major focus as power companies report their Q4 results.
* In Q4, the nationwide capacity addition saw a surge, with 8.4 GW of new capacity added, primarily in renewable energy.
* Electricity demand in Q4 was 4% higher than the same period last year, with peak power demand increasing by 6%.
* Key drivers of earnings growth include capacity expansion, new transmission lines, improved hydro generation, and contributions from solar EPC and rooftop installations.
* Tata Power is expected to benefit from its renewable portfolio, with Kotak expecting contained losses at Mundra thermal plant.
* JSW Energy is expected to report 16% year-over-year growth in generation in Q4, driven by acquisitions and new renewable assets.
* Suzlon, a wind turbine marker, is expected to see significant growth in execution, with a target of 2.5 GW in FY26 and 3.4 GW in FY27.
* Analysts expect modest or lower profit growth in Q4, but strong revenue growth.
* Projected Q4 results for key companies include:
+ Tata Power: profit of Rs 872 crore (down 3% y-o-y) and revenue of Rs 18,946 crore (up 20% y-o-y)
+ JSW Energy: profit of Rs 288 crore (down 18% y-o-y) and revenue of Rs 3,549 crore (up 29% y-o-y)
+ NTPC: modest PAT growth of 6% y-o-y, with weak generation due to modest demand trends
+ Suzlon: profit of Rs 467 crore (up 84% y-o-y) and revenue of Rs 3,709 crore (up 70% y-o-y)