Tata Power announced strong Q2 FY26 results with PAT growing to ₹1,245 crore, up 14% YoY. Core business delivered 35% growth YoY, driving performance. H1 FY26 PAT rose to ₹2,508 crore, up 10% YoY. The company’s performance was anchored in its diversified and value-chain-integrated portfolio, with revenue up 3% to ₹15,769 crore.
Financial Highlights
Tata Power reported a robust financial performance for Q2 FY26:
- PAT: Grew to ₹1,245 crore, a 14% increase YoY.
- Core Business Growth: Achieved a significant 35% growth YoY.
- H1 FY26 PAT: Reached ₹2,508 crore, up 10% YoY.
- Revenue: Increased by 3% to ₹15,769 crore in Q2 FY26 and up 4% to ₹33,233 crore in H1 FY26.
- EBITDA: Increased by 6% to ₹4,032 crore in Q2 FY26 and up 11% to ₹7,961 crore in H1 FY26.
Segment Performance
Several segments contributed to the company’s strong performance:
- Solar Cell and Module Manufacturing PAT: Increased to ₹240 crore, up 262% YoY. H1 FY26 PAT rose to ₹340 crore, up 182% (YoY)
- Rooftop PAT: Grew to ₹123 crore, up 390% YoY. H1 FY26 PAT rises to ₹ 213 crore, up 326% (YoY)
- Odisha DISCOMs PAT: Increased to ₹174 crore, up 362% YoY. H1 FY26 PAT rises to ₹ 279 crore, up 255% (YoY)
- Renewables business: Segment PAT up 70% to ₹511 crore in Q2 FY26. EBITDA up 57% to ₹ 1,575 crore, Revenue up 89% to ₹ 3,613 crore
- Transmission: PAT grew to ₹120 crore (up 41% YoY) in Q2 FY26.
- Distribution: PAT grew to ₹557 crore (up 34% YoY) in Q2 FY26.
Key Business Developments
Tata Power also highlighted several key business developments:
- Solar Cell and Module Manufacturing: Achieved output of 928 MW of Cells & 970 MW of Modules in Q2 FY26.
- Rooftop Solar: Order book stands at ₹1,116 crore.
- Khorlochhu Hydro Project: Construction commenced for the 600 MW project in Bhutan.
- Bhivpuri PSP: Work commenced on 1,000 MW Bhivpuri PSP in Maharashtra.
Sustainability and CSR
Tata Power scored 76 in S&P CSA 2025 ESG Ratings.
Source: BSE
