StockWatch
·
Filing
Q3

TATA POWER CO.LTD.

TATAPOWERFY2604 Feb 2026
Revenue-10.3%
Net Profit-4.1%
OPM21.90%

P&L

Quarterly Consolidated

Revenue
-10.3%13.9K
Expenditure
-8.6%13.5K
Net Profit
-4.1%1.2K
NPM 8.37%+7.9%EPS ₹2.41-16.3%

vs Q2 FY26

Tata Power Delivers Strong Q3 FY26 Performance: 71,194 Crore PAT, 14,485 Crore Revenue

04 Feb 2026 · 4 Feb, 5:34 pm

Summary

Tata Power Company Ltd has reported a Profit After Tax (PAT) of 1,194 crore in the third quarter ended December 31, 2025. The Company reported revenue of 14,485 crore and EBITDA of 3,913 crore during the same period. The Company’s performance during the third quarter and 9-Month period reflects the strength of its diversified and integrated portfolio, spanning renewables, transmission and distribution, new energy solutions, and conventional generation.

Key Highlights

  1. 1

    Q3 FY26 PAT grows to 71,194 crore; 9M FY26 PAT rises to 3,702 crore up 7 % (YoY)

  2. 2

    Q3 FY26 EBITDA grows to 3,913 crore; 9M FY26 EBITDA rises to 11,874 crore up 12% (YoY)

  3. 3

    Q3 FY26 Revenue stands at 14,485 crore; 9M FY26 Revenue rises to 47,719 crore up 1% (YoY)

  4. 4

    Company’s total installed capacity stands at 16.3 GW

  5. 5

    RE business PAT grows 156% to = 547 crore in Q3 FY26; EBITDA increases by 66% to = 1,637 crore and revenue rises 78% to = 3,785 crore, 9M FY26 PAT rises to = 1,588 crore, up 102 % (YoY)

  6. 6

    Solar Cell and Module Manufacturing Q3 FY26 PAT grows to & 251 crore, up 124 % (YoY); 9M FY26 PAT rises to = 592 crore, up 154% (YoY)

  7. 7

    Rooftop Q3 FY26 PAT grows to % 111 crore, up 85 % (YoY); 9M FY26 PAT rises to = 324 crore, up 195 % (YoY)

  8. 8

    Distribution business overall Q3 FY26 PAT grows to = 746 crore (up 167 % YoY); 9M FY26 PAT rises to € 1,613 crore, up 46% (YoY)

  9. 9

    Odisha DISCOMs Q3 FY26 PAT grows to % 226 crore, up 163 % (YoY); 9M FY26 PAT rises to = 505 crore, up 208% (YoY)

  10. 10

    Transmission Business Q3 FY26 PAT grows to & 166 crore (up 80 % YoY); 9M FY26 PAT rises to = 417 crore, up 49% (YoY)

Management Comments

D

Dr Praveer Sinha

CEO & Managing Director, Tata Power

Q3 FY26 marked strong execution and all-round performance across Generation, Transmission, Distribution, Renewables, and Manufacturing. We crossed 10 GW of cumulative renewable EPC execution, delivered record solar cell and module output with industry-leading yields, scaled Rooftop Solar, cumulative installations, beyond 4 GWp. We now serve over 13 million Distribution customers nationwide - the largest base among private utilities. Our Odisha Discoms delivered strong financial and operational performance, earning A+ and A grades in the Ministry of Power’s 14th Integrated Ratings. In Transmission, we commissioned key projects strengthening green energy corridors. The World Bank’s financing for Bhutan’s largest PPP hydropower project further strengthens our clean energy portfolio and regional cooperation. Our nine-month performance positions us strongly as we enter 2026, supported by favourable macro conditions and rising power demand from manufacturing, urbanisation, and Al-led digital infrastructure. As India enters a decisive phase of power sector expansion, Tata Power remains focused on responsibly scaling clean energy capacity, strengthening system resilience, and delivering long-term, reliable growth.

Informational and educational content only. Not investment advice.