Tata Power Reports Q2 FY26 Results, Approves Regulatory Assets

Tata Power announced its Q2 FY26 results, reporting a Net Profit After Tax of ₹951.19 crore. Revenue stood at ₹7,910.21 crore. The Delhi Electricity Regulatory Commission (DERC) approved a tariff true-up order for FY 2021-22, leading to recognition of regulatory assets of ₹267 crore and a tax expense of ₹67 crore. The company temporarily suspended operations at the Mundra Power Plant for overhauling activities.

Financial Performance

Tata Power announced its financial results for the quarter ended September 30, 2025 (Q2 FY26). Key highlights include:

  • Revenue:7,910.21 crore
  • Net Profit After Tax (NPAT):951.19 crore

The company reported a total comprehensive income of ₹1,192.30 crore for the quarter. The earnings per share stood at ₹3.59.

Regulatory Updates

The Delhi Electricity Regulatory Commission (DERC) has approved a tariff true-up order for FY 2021-22. This has resulted in the recognition of regulatory assets amounting to ₹267 crore, along with a tax expense of ₹67 crore in the consolidated financial results.

Mundra Power Plant Operations

Tata Power temporarily suspended operations at the Mundra Power Plant effective July 3, 2025, to undertake overhauling and address technical issues. The company is in discussions with procurers to execute a Supplementary Power Purchase Agreement (SPPA).

Investments

Tata Power has further invested ₹60 crore in Khorlochhu Hydro Power Limited for developing hydropower projects in Bhutan.

Source: BSE

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