Tata Power Delivers Strong Q3 FY26 Results

04 Feb Tata Power Delivers Strong Q3 FY26 Results

(Oilandgaspress) -] Tata Power, one of India’s largest vertically integrated power companies, today reported Profit After Tax (PAT) of ₹ 1,194 crore in the third quarter ended December 31, 2025. The Company reported revenue of ₹ 14,485 crore; and EBITDA of ₹ 3,913 crore during the same period.

For the 9-Month period, Company’s PAT rose to ₹ 3,702 crore (up 7 % YoY); revenue rose to ₹ 47,719 crore (up 1 % YoY); while EBITDA grew to ₹ 11,874 crore (up 12 % YoY).

The Company’s performance during the third quarter and 9-Month period reflects the strength of its diversified and integrated portfolio, spanning renewables, transmission and distribution, new energy solutions, and conventional generation.

Highlights:

• Q3 FY26 PAT grows to ₹1,194 crore: 9M FY26 PAT rises to ₹3,702 crore up 7 % (YoY)
• Q3 FY26 EBITDA grows to ₹3,913 crore; 9M FY26 EBITDA rises to ₹11,874 crore up 12% (YoY)
• Q3 FY26 Revenue stands at ₹14,485 crore; 9M FY26 Revenue rises to ₹47,719 crore up 1% (YoY)
• Q3 FY26 Core Business PAT marks 2x growth (YoY)
• Resilient performance driven by a diversified, value-chain-integrated portfolio, record manufacturing output, strong rooftop momentum, and sustained excellence in transmission and distribution
• Achieved a milestone of 10 GW in cumulative EPC renewable projects executed, reinforcing leadership in India’s clean energy infrastructure
• Record ~1.3GW Renewable projects executed in Q3 FY26
• Company’s total installed capacity stands at 16.3 GW
• RE business PAT grows 156% to ₹ 547 crore in Q3 FY26; EBITDA increases by 66% to ₹ 1,637 crore and revenue rises 78% to ₹ 3,785 crore, 9M FY26 PAT rises to ₹ 1,588 crore, up 102 % (YoY)
• Solar Cell and Module Manufacturing Q3 FY26 PAT grows to ₹ 251 crore, up 124 % (YoY); 9M FY26 PAT rises to ₹ 592 crore, up 154% (YoY) Rooftop Q3 FY26 PAT grows to ₹ 111 crore, up 85 % (YoY); 9M FY26 PAT rises to ₹ 324 crore, up 195 % (YoY)
• Distribution business overall Q3 FY26 PAT grows to ₹ 746 crore (up 167 % YoY); 9M FY26 PAT rises to ₹ 1,613 crore, up 46% (YoY).
• Odisha DISCOMs Q3 FY26 PAT grows to ₹ 226 crore, up 163 % (YoY); 9M FY26 PAT rises to ₹ 505 crore, up 208% (YoY)
• Transmission Business Q3 FY26 PAT grows to ₹ 166 crore (up 80 % YoY); 9M FY26 PAT rises to ₹ 417 crore, up 49% (YoY)
• Solar cell and module manufacturing sustains high utilisation: Manufacturing output stood at 962 MW of cells and 990 MW of modules in Q3 FY26, with industry-leading utilisation levels and yields. Cell manufacturing capacity expansion enabled significantly higher output, supporting both internal projects and external demand.
• Rooftop solar outshines: Tata Power Solar rooftop added 1 GWp capacity and 1.7 lakh new consumers in 9M FY26; Q3 FY26 saw 58,476 installations and a 372 MWp capacity addition, taking the cumulative base beyond 3 lakh customers and 4 GW+ installed capacity.
• Strengthening RTC renewable supply: The 1,000 MW Bhivpuri Pumped Storage Project in Maharashtra continues to progress as planned, aligning with the Company’s strategy to enable firm, reliable, and dispatchable green power.
• Securing regional energy security: 1,125 MW Dorjilung Hydro Power Project, part of a 5 GW clean energy partnership with Bhutan secured World Bank approved long term financing of $500 million and the remaining $500 million will be syndicated from the market.

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