Tata Power Registers Reported PAT of ₹ 1416 crore for Q4FY26

Key Highlights:

• Q4 FY26 Revenue stood at ₹ 15,962 crore; EBITDA grows to ₹ 4,216 crore, up 10% YoY
• FY26 Revenue stood at ₹ 63,681 crore; EBITDA grows to ₹ 16,090 crore, up 11% YoY
• Core Business delivers strong performance backed by improved operational efficiency with Revenue growth of 13%, EBITDA growth of 27% & PAT* growth of 34% YoY in FY26
• Renewables business PAT* stood at ₹ 406 crore in Q4 FY26: FY26 PAT* rises to ₹ 1,994 crore, up 59% YoY
• Solar Cell and Module Manufacturing PAT grow to ₹ 265 crore up 40% in Q4FY26; FY26 PAT rises to ₹ 857 crore, up 103% YoY, driven by Industry Leading Yield of more than 95%
• Rooftop Solar PAT grows to ₹ 186 crore up 94% YoY in Q4 FY26: FY26 PAT rises to ₹ 499 crore, up 150% YoY
• T&D business PAT stood at ₹ 949 crore in Q4 FY26, up 54% YoY: FY26 PAT rises to ₹ 2,978 crore, up 49% YoY
• Odisha DISCOMs PAT grows to ₹ 304 crore in Q4 FY26, up 11% YoY: FY26 PAT rises to ₹ 809 crore, up 84% YoY

*PAT is before exceptional items

Growth Levers:

• Strong Renewable Execution Continues: Tata Power Renewable Energy Ltd (TPREL) crosses 10 GW of cumulative Solar EPC execution; Commissions    2.5 GW of renewable capacity in FY26, comprising 968 MW of in-house projects and 1,484 MW of 3^rd party projects. Company’s Renewable portfolio now stands at 11.6 GW, including under construction capacity of 5.1 GW
• Solar Manufacturing: TP Solar achieves Revenue of ₹ 6,968 crore and a PAT of     ₹ 857 crore in FY26 with production of 3,825 MW of modules and 3,759 MW of cells. TPREL Board approves investment of ~ ₹ 6,500 crore in a photovoltaic ingot and wafer manufacturing facility of 10 GW (in two phases of 5 GW each) to support India’s self-reliance in solar manufacturing
• Solar Rooftop: Tata Power Solaroof crosses over 3.7 lakh installations with cumulative installed capacity beyond 4.8 GWp. In FY26 rooftop installations stand at 1.7 GWp; Ranks No.1 rooftop solar Company for 11 consecutive years.
• Odisha Discoms Shine Bright: Odisha Distribution continued its strong growth trajectory during FY26, Reports Revenue of ₹19,980 crore reflecting steady YoY growth driven by sustained operational improvements, higher collection efficiency and rising consumer demand.

• Mundra Resolution: Mundra SPPA successfully signed with GUVNL; engagement with other procurers progressing toward finalisation. The Ministry of Power has issued fresh directions under Section 11 permitting plant operations from 1^st April 2026 to 30^th June 2026.

• Deepening regional partnerships to support long-term energy security
• Tata Power and DGPC’s clean energy collaboration crosses 5,000 MW mark with the identification and addition of 404 MW Nyera Amari I & II Integrated Hydropower Project.
• Royal Government of Bhutan and the World Bank Group signed financing agreement totalling $515 million for the 1,125 MW Dorjilung Hydroelectric Power Project. Tata Power owns 40% equity stake in the project with remaining 60% owned by DGPC (Druk Green Power Corporation Limited)
• First disbursement of ₹500 crore completed from PFC for the 600 MW Khorlochhu Hydro Power Project
• Signed an MoU with DGPC for building a comprehensive skill development ecosystem in Bhutan

Mumbai, May 12^th, 2026: Tata Power, one of India’s largest vertically integrated power companies, today announced a Reported Profit After Tax (PAT) of ₹ 1,416 crore, up 8% YoY for the 4^th quarter ended March 31, 2026. The Company’s revenue stood at ₹ 15,962 crore; while EBITDA grew to ₹ 4,216 crore, up 10% YoY on back of strategic expansion, operational excellence and disciplined execution. 

The quarter reflects the Company’s commitment to strengthening clean energy capabilities, enhancing efficiency across operations and deepening regional partnerships that support long-term energy security and sustainability.

One of the key highlights of the Quarter was the Company’s continued commitment towards building a better tomorrow. During the quarter the Company has made progress on Hydro Power Projects in Bhutan, completed two major Transmission projects under TBCB to facilitate power evacuation and achieved steady progress in the construction of its Pumped Hydro Project aimed at enabling reliable round-the-clock clean energy availability.

For FY26, the Reported PAT grew 7% to an all-time high of ₹ 5,118 crore; revenue reached ₹ 63,681 crore, while EBITDA rose to ₹ 16,090 crore, up 11%.

Q4 FY26 performance was driven by strong execution across the Company’s diversified portfolio, accelerated module and cell ramp-up at Tirunelveli in Tamil Nadu, achievement of the milestone of over 3.7 lakh rooftop solar installations, large-scale renewable capacity commissioning, and continued operational improvements in Odisha DISCOMs.

In Q4 FY26, the Core Business recorded impressive 13% YoY growth in PAT, driven primarily by the continued performance of Generations, Transmission & Distribution and Renewables verticals.

In FY26, Tata Power supplied 49.52 billion units of electricity to the grid, and its Discoms supplied approximately 47.92 billion units to consumers.

Consolidated financial performance (in ₹ crore)

Dr. Praveer Sinha, CEO and Managing Director, Tata Power, said: “This quarter and year reflect our sustained focus on creating long-term value through disciplined growth, operational excellence and strategic partnerships. The addition of new clean energy assets, steady progress in TBCB projects, continued improvement in Distribution businesses in Odisha, Delhi & Mumbai and strengthening of cross-border regional energy collaboration, underscore our commitment to building a more resilient energy future.

As electricity demand continues to rise and peak requirements are projected to reach 270 GW this year, energy security and reliability remain critical priorities. Our focus on rooftop solar solutions, manufacturing-linked self-reliance and deeper backward integration will play a key role in enabling dependable and future-ready energy systems, driving Tata Power’s growth.

Aligned with India’s clean energy ambitions, we continue to strengthen our capabilities across generation, transmission, distribution and customer-centric solutions thereby building a greener and smarter tomorrow.”

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

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