Tata Power Reports Strong Q4 FY26 & Annual FY26 PAT Growth

Tata Power, one of India’s largest vertically integrated power companies, reported a Profit After Tax (PAT) of ₹ 1,416 crore for the final quarter of the FY26, representing an 8% increase compared to the previous year. During this period, the company generated ₹ 15,962 crore in revenue and saw its EBITDA rise by 10% to reach ₹ 4,216 crore. This financial growth was largely driven by a focus on operational efficiency, disciplined project management, and a successful strategy for business expansion.

The Q4 FY26 reflects Tata Power’s commitment to strengthening clean energy capabilities, enhancing efficiency across operations and deepening regional partnerships that support long-term energy security and sustainability.

One of the key highlights of the Quarter was the Company’s continued commitment towards building a better tomorrow. During the quarter the Company has made progress on Hydro Power Projects in Bhutan, completed two major Transmission projects under TBCB to facilitate power evacuation and achieved steady progress in the construction of its Pumped Hydro Project aimed at enabling reliable round-the-clock clean energy availability.

For FY26-

The Reported PAT grew 7% to an all-time high of ₹ 5,118 crore
Revenue reached ₹ 63,681 crore
EBITDA rose to ₹ 16,090 crore, up 11%

Q4 FY26 performance was driven by strong execution across the Company’s diversified portfolio, accelerated module and cell ramp-up at Tirunelveli in Tamil Nadu, achievement of the milestone of over 3.7 lakh rooftop solar installations, large-scale renewable capacity commissioning, and continued operational improvements in Odisha DISCOMs.

During the fourth quarter of the 2026 fiscal year, the company’s core operations achieved a notable 13% year-on-year increase in Profit After Tax (PAT). This upward momentum was fueled largely by the sustained productivity and strong performance within the Generation, Transmission and Distribution, and Renewables divisions. In FY26, Tata Power supplied 49.52 billion units of electricity to the grid, and its Discoms supplied approximately 47.92 billion units to consumers.

Consolidated financial performance (in ₹ crore)

Dr. Praveer Sinha, CEO and Managing Director, Tata Power, said: “This quarter and year reflect our sustained focus on creating long-term value through disciplined growth, operational excellence and strategic partnerships. The addition of new clean energy assets, steady progress in TBCB projects, continued improvement in Distribution businesses in Odisha, Delhi & Mumbai and strengthening of cross-border regional energy collaboration, underscore our commitment to building a more resilient energy future.

As electricity demand continues to rise and peak requirements are projected to reach 270 GW this year, energy security and reliability remain critical priorities. Our focus on rooftop solar solutions, manufacturing-linked self-reliance and deeper backward integration will play a key role in enabling dependable and future-ready energy systems, driving Tata Power’s growth.
Aligned with India’s clean energy ambitions, we continue to strengthen our capabilities across generation, transmission, distribution and customer-centric solutions thereby building a greener and smarter tomorrow.”

Business Highlights

Renewables Business – Accelerating Clean Energy Momentum

Throughout the 2026 fiscal year, the Renewable Cluster achieved exceptional financial results, characterized by a substantial jump in profitability. Driven by strong operational momentum, EBITDA rose 44% to ₹ 6,228 crore, while PAT surged 59% to reach ₹ 1,994 crore.
This success was largely credited to the expansion of solar manufacturing efforts—which achieved a market-leading yield exceeding 95%—alongside significant growth in the rooftop solar segment and a consistent increase in renewable energy capacity.

Generation Business – Strengthened by Operational Excellence

Maithon Power Limited delivered revenue of ₹3,095 crore and PAT of ₹404 crore in FY26, supported by the capitalisation of the Flue Gas Desulphurisation (FGD) project.
Mundra Plant resumes operations under Section 11 from 1st April 2026.
Bhivpuri PSP 1,000 MW: All major electro-mechanical (EM) and hydro-mechanical (HM) packages for the Bhivpuri Pumped Storage Project (1,000 MW) have been awarded, with construction progressing steadily. The project has also secured key approvals, including Environmental Clearance, Forest Clearance (Stage I & II), blasting permission, and diversion orders
Khorluchhu Hydro Power Plant, Bhutan, received first disbursement of ₹500 crore from PFC

Grid Transformation and Distribution

Transmission Portfolio now stands at 7,403 Ckm inclusive of operational lines of 5,562 CKm and 1,841 Ckm of under-construction projects
Completed two major TBCB transmission projects (NRSS XXXVI Transmission Ltd & South East U.P. Power Transmission Company Ltd) with cumulative transmission lines of 1,823 Ckm
Completion of SEUPPTCL, marks a major milestone for Uttar Pradesh’s transmission infrastructure. The company successfully completed all Extra High Voltage (EHV) transmission lines under SEUPPTCL (732 Ckm). The expanded network now includes three 765 kV lines spanning 951 circuit kilometers, fourteen 400 kV lines covering 566 circuit Kms and three 765/400 kV substations with an aggregate transmission capacity of 3,460 MVA.
Tata Power through its subsidiary Tata Power Trading Company Limited and Keppel, through a consortium partnership, collaborate with Tata Realty & Infrastructure to deploy Large-Scale Cooling-as-a-Service Solution at Intellion Park, Chennai
Odisha DISCOMs AT&C reduced by 2% as compared to last year

EV Charging Infrastructure

During FY26, the Company’s EV Charging business further strengthened its leadership position, surpassing the milestone of over 2 lakh home EV charger installations, while the EZ Charge mobile application crossed 5 lakh registered users, reflecting rising consumer adoption of its integrated EV ecosystem
The nationwide charging network grew to over 7,000 public and semi-public charging points, including more than 1,200 bus charging points. The Company also accelerated deployment of fast-charging infrastructure across key mobility corridors and urban centres, extending its footprint to 706 cities and towns nationwide.

Despite current global uncertainties and geopolitical tensions going on and leading us to be vacant for fuel and other uses, these Q4 FY26 results from Tata Power prove that a stable power supply is more critical than ever for our country’s growth. Tata Power’s success shows that shifting from old, dependable energy sources to clean, renewable ones is no longer just an option—it is a necessity for our future. By strengthening our own green energy production, we reduce our reliance on others and ensure a more secure, self-reliant nation. Ultimately, these numbers reflect a transition toward a more sustainable and reliable energy world that benefits everyone.