Tata Power announced its Q3 FY26 financial results, showcasing a strong commitment to sustainability and renewable energy. Key highlights include a profit after tax of ₹1,194 Cr, alongside significant progress in expanding its clean and green energy portfolio. The company aims for net-zero emissions by 2045 and is focused on strengthening community engagement and biodiversity conservation. The presentation details operational performance and future strategic initiatives, emphasizing growth and sustainability.
Financial Performance in Q3 FY26
Tata Power has demonstrated consistent financial improvement. Key figures from the Q3 FY26 report include:
- Revenue: ₹14,485 Cr
- EBITDA: ₹3,913 Cr
- Reported PAT: ₹1,194 Cr
The company’s underlying EBITDA and adjusted EPS have also seen positive movement, reflecting strong operational efficiency.
Expanding Clean and Green Energy
A major strategic priority for Tata Power is expanding its clean and green energy capacity. The company aims for a target of 66% clean energy generation post project completions.
Operational Highlights
Key operational achievements in Q3 FY26 include:
- Rooftop business executed record 1GWp in 9M FY26
- Commissioned 919 MW of utility-scale renewable projects
- Delivered 1 GW DCR-compliant solar project for SJVN
Sustainability and ESG Goals
Tata Power is committed to sustainability, with the core objective of Net Zero emissions by 2045. The company is taking several steps towards its ESG goals, including:
- Focus on Clean & Green portfolio
- Improving water utilization
- Zero Waste to Landfill initiatives
The company is working towards improving its ESG ratings and has active partnerships for biodiversity conservation.
Growth and Expansion
Tata Power has a strong pipeline of hybrid/FDRE projects and is pursuing pumped storage hydro plants for energy storage solutions. The company secured transmission projects and commissioned a 400 kV transmission line. The company is planning pumped storage hydro plants and continues to add renewable energy capacity. The company’s distribution businesses in Mumbai and Delhi are performing well, contributing to the overall financial performance.
New-Age Energy Solutions
The company is expanding manufacturing capacity of integrated cell and modules with around 4.9 GW.
Also, it has installed 5,743 public EV charging points across 667 cities and towns.
Source: BSE
