Tata Power Delivers Strong Q2 FY26 Results

AHMEDABAD, November 13: Tata Power, one of India’s largest vertically integrated power companies, today reported Profit After Tax (PAT) of ₹ 1,245 crore (up 14 % YoY) in the second quarter ended September 30, 2025. The Company’s revenue rose to ₹ 15,769 crore (up 3% YoY); while EBITDA grew to ₹ 4,032 crore (up 6 % YoY) in Q2 FY26.

For H1FY26, reported PAT grew 10% to ₹ 2,508 crore; revenue surged 4% to ₹ 33,233 crore and EBITDA jumped 11 % to ₹ 7,961 crore.

Consolidated financial performance (in ₹ crore)

The rooftop solar segment continues to lead the industry with record installations, while our Discoms drive service excellence across a growing customer base of over 13 million. With proposed amendments to the Electricity Act, Tata Power is well positioned to expand its distribution footprint to 40 million consumers by 2030. As India’s power sector evolves, Tata Power remains committed to innovation, sustainability, and energy self-reliance across the value chain”.

Business Highlights: Q2 FY26

Renewables:

RE Gencos operational Scale:

• Total utility-scale capacity stands at 5.7 GW (4.7 GW solar, 1 GW wind)
• Capacity Addition: Commissioned 293 MW renewables in Q2, including 111 MW own projects and 182 MW 3rd-party EPC
• Strategic Wind Partnership: TPREL signed an agreement with Suzlon Group for the supply of 838 MW of wind turbine generators to be deployed across upcoming projects in multiple states

Rooftop Solar: Installed 370 MWp in Q2 FY26; Rooftop solar business continues its dominance in the segment with more than 2.7 lakh installations and cumulative capacity exceeding 3.8 GWp

• The Solar Rooftop segment has seen a stellar growth with revenues more than doubling to ₹ 1,133 crore in Q2FY26, marking 158 % YoY growth

 Solar EPC /Battery Storage Momentum:

• TPREL secured key EPC and storage contracts — including TPC-D’s 100 MW/200 MWh BESS (~₹299 crore), NTPC Khavda’s 300 MW BOS (~₹521 crore), and its first BESPA with NHPC for a 30 MW/120 MWh system in Kerala

 Strong Solar Manufacturing Traction:

• TP Solar’s manufacturing capacity now reflects in the BNEF Tier-1 manufacturers list released in Aug’25 and is also included in ALMM List II

Accelerating EV Infrastructure:

• Total public chargers stand at 5,613 while home chargers exceed 1.7 lakh points
• Tata Power EV and Tata Passenger Electric Mobility Ltd unveiled India’s Largest TATA.ev MegaCharger Hub on the World EV Day on Sept. 9.

 Transmission & Distribution:

• Transmission: Advancing six projects totalling over 2,400 Ckm, on track to surpass operational capacity of 7,000 Ckm by FY28
• Smart Metering: Installed ~9.5 lakh smart meters in Q2 FY26; cumulative installations across Discoms cross 41 lakhs
• Odisha Discom AT&C loss reduced by 1.7% in H1 FY26 vs prior period
• Tata Power-led Odisha Discoms launched One-Kilowatt Rooftop Solar Adoption Scheme under ULA Model

Thermal & Hydro Business:

• Industrial Energy Ltd (IEL) – JV between Tata Power and Tata SteelCommissioned Domjuri Solar Plant at Jojobera of 15MW in Q2 FY26
• Prayagraj Plant (PPGCL) achieves 98% YTD Plant Availability. Highest ever since inception.
• Mundra plant Operations: Mundra station shutdown in Q2 FY26 to undertake pending overhauling activities aimed at resolving existing technical issues

CSR & Sustainability
Tata Power scored 76 in S&P CSA 2025 ESG Ratings, placing it in the 90th percentile within the Electric Utility (ELC) sector

• Energy Literacy Drive: EcoCrew—India’s largest energy awareness movement—sensitised ~3 lakh students across 1,016 schools in 24 cities of Uttar Pradesh and Uttarakhand.
• MoU signed between Tata Power and BNHS for Large-Scale Miyawaki Plantation to Strengthen Biodiversity in the Mulshi Lake Catchment area in the Hydros Region
• Tata Power has been honored with three prestigious awards. At ACEF we won ‘Best Employee Engagement Award’ for ‘Climate Crew’, ‘Innovation for Social Impact Award’ for ‘Eco Crew’ and at Mahatma Awards won ‘Digital Transformation Impact’ for ‘E – Sanidhya’-a digital first platform to support Neurodiverse individuals

(Disclaimer: The information provided here is investment advice only. Investing in the markets is subject to risks and please consult your advisor before investing.)

(સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ/ ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો.)