Tata Power Q2 Profit Rises 49% to Rs 1,366 Crore
Tata Power's reported consolidated profit, including minority interest, rose about 33% to Rs 1,652 crore as revenue grew about 26%.
Key Takeaways
- Profit attributable to owners rose about 49% to about Rs 1,366 crore.
- Reported consolidated profit, including minority interest, rose about 33% to Rs 1,652 crore.
- Revenue from operations grew about 26% to about Rs 19,636 crore.
- Tata Power named Mundra, renewables, Mumbai transmission and Odisha distribution as growth drivers.
- The company said it spent about Rs 10,000 crore on capital projects in H1 FY27.
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Tata Power reported a profit attributable to its owners of about Rs 1,366 crore for the July to September 2026 quarter (Q2 FY27), up about 49% from about Rs 919 crore a year earlier. Its reported consolidated profit after tax, which also counts the share of minority shareholders in its subsidiaries, rose about 33% to Rs 1,652 crore from Rs 1,245 crore. The company called it its highest-ever quarterly profit.
Revenue from operations rose about 26% to about Rs 19,636 crore, from about Rs 15,545 crore a year ago. The company announced the results on November 11, 2026, and named Mundra, renewables, Mumbai transmission and its Odisha power distribution companies as the drivers of growth.
Tata Power Q2 FY27 at a glance
| Detail | Value |
|---|---|
| Quarter | July to September 2026 (Q2 FY27) |
| Profit attributable to owners | About Rs 1,366 crore, up about 49% from about Rs 919 crore |
| Reported consolidated profit after tax (includes minority interest) | Rs 1,652 crore, up about 33% from Rs 1,245 crore |
| Revenue from operations | About Rs 19,636 crore, up about 26% |
| Revenue in the company's press release | Rs 19,886 crore, up 26% |
| First half (H1 FY27) reported profit after tax | Rs 3,053 crore, up about 22% |
| Results announced | November 11, 2026 |
Why Tata Power shows two profit figures this quarter
The Rs 1,652 crore figure is the total consolidated profit after tax, and it includes the part of subsidiary profits that belongs to minority shareholders. The Rs 1,366 crore figure is the profit that belongs to Tata Power's own shareholders.
The revenue figure also differs by measure. The results statement shows revenue from operations of about Rs 19,636 crore, while the company's press release puts revenue at Rs 19,886 crore. Both measures show growth of about 26%. Compared with the June quarter, the owners' share of profit rose about 16% from about Rs 1,176 crore.
| When | What happened |
|---|---|
| November 2025 | Q2 FY26 profit attributable to owners of about Rs 919 crore on revenue from operations of about Rs 15,545 crore |
| July 2026 | Q1 FY27 profit attributable to owners of about Rs 1,176 crore on revenue from operations of about Rs 19,051 crore |
| October 2026 | Tata Power Renewable Energy said it commissioned 419 MW of utility-scale projects in Q2 FY27 |
| November 11, 2026 | Q2 FY27 results: owners' profit of about Rs 1,366 crore, reported profit of Rs 1,652 crore |
Mundra and solar manufacturing behind Tata Power's jump
Tata Power said its Mundra plant in Gujarat had availability of 89% during the quarter and is running under a Section 11 directive. In solar manufacturing, the company said it produced 0.9 GW of solar cells and 1 GW of solar modules in the quarter, with a module yield of 97%.
Its rooftop solar business installed 426 MWp in the quarter, the company said. Tata Power also listed renewables, Mumbai transmission and the Odisha distribution companies among the businesses that drove growth.
Praveer Sinha on Tata Power's highest-ever quarterly profit
"We delivered our highest-ever quarterly profit, with strong contributions from all businesses, underscoring the strength of Tata Power’s integrated energy platform and consistent execution across our portfolio."
"Our ₹10,000 crore capital deployment in the first half of the year is accelerating renewable capacity addition, transmission expansion, pumped storage development, and digital distribution infrastructure."
What Tata Power said about its spending and new capacity
Tata Power said it spent about Rs 10,000 crore on capital projects in the first half of FY27, its highest half-yearly spending, with about Rs 6,000 crore of that in renewables. The company said it installed 765 MW of clean and green capacity in the half.
The company said its board has approved the capital commitment for the Shirwata pumped storage project in Maharashtra, a 1,800 MW project with an investment of Rs 11,871 crore.
Where Tata Power stands after Q2 FY27
Tata Power ended the quarter with a profit attributable to owners of about Rs 1,366 crore and a reported profit of Rs 1,652 crore, the highest quarterly profit in its history, according to the company. For the first half of FY27, its reported profit stood at Rs 3,053 crore and its owners' share at about Rs 2,542 crore.
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