Summary

Tata Power announced robust financial performance for the fourth quarter and full financial year ended March 31, 2026. For Q4 FY26, the company reported a Profit After Tax (PAT) of ₹ 1,416 crore, marking an 8% increase year-on-year, while revenue stood at ₹ 15,962 crore and EBITDA grew by 10% to ₹ 4,216 crore. The full fiscal year 2026 saw an all-time high annual reported PAT of ₹ 5,118 crore, up 7% year-on-year, on total revenues of ₹ 63,681 crore and an 11% increase in EBITDA to ₹ 16,090 crore. This strong performance was attributed to exceptional operational efficiency and solid business execution across segments. The Board underscored confidence by recommending an increased dividend of ₹ 2.50 per equity share for FY26.

Key Highlights

1. 1

   Reported Profit After Tax (PAT) for Q4 FY26 grew by 8% year-on-year to ₹ 1,416 crore, contributing to an all-time high annual reported PAT of ₹ 5,118 crore for FY26, up 7% year-on-year.

2. 2

   Q4 FY26 revenue stood at ₹ 15,962 crore, while EBITDA increased by 10% year-on-year to ₹ 4,216 crore.

3. 3

   For the full financial year 2026, revenue reached ₹ 63,681 crore, and EBITDA grew by 11% year-on-year to ₹ 16,090 crore.

4. 4

   The Board recommended an enhanced dividend of ₹ 2.50 per equity share for FY26, compared to ₹ 2.25 per equity share for FY25, showcasing strong financial performance.

5. 5

   The Renewables business reported a significant 59% year-on-year increase in PAT for FY26, reaching ₹ 1,994 crore, with Q4 FY26 PAT at ₹ 406 crore.

6. 6

   Solar Cell and Module Manufacturing PAT soared by 103% year-on-year to ₹ 857 crore for FY26, with Q4 FY26 PAT at ₹ 265 crore, up 40%.

7. 7

   The company's renewable portfolio expanded to 11.6 GW, including 5.1 GW under construction, after commissioning 2.5 GW of capacity in FY26.