Tata Power Q2 FY27 Results: Consolidated Revenue Rises 26% To ₹19,886 Crore And PAT Reaches ₹1,652 Crore

Tata Power Company Limited reported a 26% year-on-year increase in consolidated revenue to ₹19,886 crore in Q2 FY27, compared with ₹15,769 crore in the corresponding quarter last year. The growth came from its generation, renewable energy, transmission and distribution businesses.

Reported profit after tax (PAT) rose 33% to a record ₹1,652 crore from ₹1,245 crore a year earlier. The company also announced a major capacity expansion plan. Its board approved an investment of ₹11,871 crore in an 1,800 MW pumped storage project at Shirwata in Maharashtra.

The Tata Power share price closed the day at ₹360 on 11 November on the National Stock Exchange (NSE).

Tata Power Q2 Results: Other Key Highlights

Consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) increased 5% to ₹4,245 crore from ₹4,032 crore in Q2 FY26. The growth in EBITDA was lower than the increase in revenue.

PAT before exceptional items stood at ₹1,521 crore, up 22% from ₹1,245 crore in the year-ago quarter. The difference between reported PAT and PAT before exceptional items was ₹131 crore.

The company also reported a strong first-half performance. For H1 FY27, consolidated revenue increased 17% to ₹38,784 crore, while EBITDA rose 7% to ₹8,494 crore. Reported PAT reached ₹3,053 crore, an increase of 22% from ₹2,508 crore in H1 FY26. PAT before exceptional items was ₹2,922 crore, up 17%.

How Did The Main Business Segments Perform?

In renewable energy and manufacturing, the company added 765 MW of clean and green generation capacity during H1 FY27, taking its installed clean and green capacity to 8.6 GW. Its utility-scale renewable capacity stood at 7.2 GW. During the September quarter, the company installed 426 MWp of rooftop solar capacity, taking cumulative installations to 5.12 GWp.

Its solar manufacturing operations produced 0.9 GW of cells and 1 GW of modules during Q2. Module yield stood at 97%, with the company attributing improved manufacturing profitability to a better sales mix and operating efficiency.

The transmission portfolio reached 7,894 circuit kilometres under operation. Tata Power also received Maharashtra Electricity Regulatory Commission approvals for multiple Mumbai transmission projects involving an estimated investment of ₹4,000 crore. Smart meter installations across its distribution businesses crossed 60 lakh.

Dr Praveer Sinha, CEO and Managing Director of Tata Power, said the company delivered its highest-ever quarterly profit with contributions from its different businesses. He highlighted the role of regulated and contracted operations in providing predictable cash flows, alongside growth in renewables, rooftop solar, storage and consumer-facing solutions.

Sources

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