Tata Power has reported its highest-ever quarterly Profit After Tax (PAT) of ₹1,652 crore for the second quarter of FY2026-27, registering a 33 per cent increase compared to ₹1,243 crore in the corresponding quarter of the previous financial year. The company announced its financial results on November 11, 2026, highlighting strong performance across its renewable energy, conventional power generation, and transmission and distribution businesses.
The company’s consolidated revenue increased by 26 per cent year-on-year to ₹19,886 crore during the quarter ended September 30, 2026, compared to ₹15,769 crore in Q2 FY26. Its Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) also increased by 5 per cent to ₹4,245 crore, reflecting continued operational growth across its business segments.
For the first half of FY2026-27, Tata Power delivered record financial performance. Its consolidated PAT increased by 22 per cent year-on-year to ₹3,053 crore, while revenue grew by 17 per cent to ₹38,784 crore. The company attributed its performance to disciplined financial management, strong project execution and growing contributions from its clean energy businesses.
Tata Power invested nearly ₹10,000 crore in capital expenditure during the first half of the financial year, marking its highest-ever half-yearly investment. Around ₹6,000 crore of this amount was allocated to renewable energy projects. The company added 765 MW of clean and green energy capacity during H1 FY27, taking its total installed green energy capacity to 8.6 GW.
The renewable energy business continued to contribute significantly to the company’s growth. During Q2 FY27, Tata Power manufactured 0.9 GW of solar cells and 1 GW of solar modules. Its solar module manufacturing operations achieved a yield of 97 per cent, reflecting improvements in production efficiency and manufacturing performance.
The company’s rooftop solar business also maintained strong growth. It installed 426 MWp of rooftop solar capacity during the quarter, taking its cumulative installations beyond 5.12 GWp. Tata Power continued to expand its electric vehicle charging infrastructure across the country, with more than 6,700 public charging points and over 2.5 lakh home chargers.
In conventional power generation, Tata Power’s plants maintained approximately 90 per cent availability during the quarter. The Mundra power plant operated under the government’s Section 11 directive with 89 per cent availability. The company is also holding discussions with several state governments to finalise supplementary power purchase agreements for the plant.
Tata Power continued to advance its energy storage development plans, with construction of its 1,000 MW Bhivpuri pumped storage project in Maharashtra progressing according to schedule. The project is expected to strengthen the company’s long-duration energy storage capabilities and support the integration of renewable energy into the electricity grid.
In the transmission and distribution business, the company reported improvements in operational efficiency. Its Odisha distribution companies reduced Aggregate Technical and Commercial (AT&C) losses to 21 per cent, representing an improvement of 5.7 per cent compared with the previous quarter. Following Cyclone Arnab, electricity supply was restored within 48 to 72 hours. Meanwhile, smart meter installations across Tata Power’s distribution networks crossed 60 lakh.
Commenting on the results, Tata Power CEO and Managing Director Dr Praveer Sinha said that disciplined capital allocation and a strong project pipeline had positioned the company for sustained profitable growth. He also highlighted the company’s commitment to strengthening India’s energy security while supporting the country’s transition towards cleaner energy.
The latest results reflect Tata Power’s continued expansion across renewable energy, solar manufacturing, electricity distribution, electric vehicle charging and energy storage, alongside its conventional power generation operations.
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