Tata Power reported its highest-ever quarterly profit after tax (PAT) of ₹1,652 crore for the second quarter of FY2026-27, marking a 33% increase from ₹1,245 crore in the corresponding period last year. The company’s performance was supported by contributions across its generation, renewable energy, transmission and distribution businesses, alongside continued expansion in solar manufacturing and clean-energy infrastructure.
Announcing its financial results on November 11, 2026, the company reported a 26% year-on-year increase in revenue to ₹19,886 crore, compared with ₹15,769 crore in Q2 FY26. EBITDA rose 5% to ₹4,245 crore from ₹4,032 crore in the year-ago quarter.
For the first half of FY27, Tata Power’s reported PAT reached ₹3,053 crore, registering 22% growth over ₹2,508 crore in H1 FY26. Revenue increased 17% to ₹38,784 crore, while EBITDA grew 7% to ₹8,494 crore. PAT before exceptional items stood at ₹1,521 crore for Q2 FY27, up 22% year-on-year.
Renewables and Solar Manufacturing Support Growth
The renewable energy business remained a key contributor to the company’s performance, supported by utility-scale projects, rooftop solar installations and solar manufacturing. Tata Power added 765 MW of clean and green generation capacity during H1 FY27, taking its total installed clean and green capacity to 8.6 GW.
Its manufacturing subsidiary, TP Solar, produced 0.9 GW of solar cells and 1 GW of solar modules during Q2 FY27. Cumulative production for the first half reached 1.8 GW of solar cells and 2 GW of modules. The company also reported a module yield of 97%, with improved sales mix contributing to manufacturing profitability.
The rooftop solar business recorded installations of 426 MWp during the quarter. Its cumulative rooftop solar installations have crossed 5.1 GWp, supported by expanding channel partnerships and consumer financing initiatives.
₹10,000 Crore Capital Deployment in H1
Tata Power invested approximately ₹10,000 crore during the first half of FY27, marking its highest-ever half-yearly capital deployment. Of this amount, the renewable energy business accounted for approximately ₹6,000 crore. The expenditure supported renewable capacity additions, transmission infrastructure, pumped-storage development and distribution network expansion.
The company is also advancing its energy storage portfolio. Construction of the 1,000 MW Bhivpuri Pumped Storage Project in Maharashtra is progressing on schedule, while its board has approved the capital commitment for the Shirwata pumped-storage project. Tata Power also executed a 60 MWh battery energy storage system (BESS) project in Mumbai to support renewable energy integration and grid stability.
In addition, the company reported progress on the 600 MW Khorlochhu Hydropower Project in Bhutan, in which it holds a 40% stake.
Commenting on the results, Dr Praveer Sinha, CEO and Managing Director of Tata Power, said the company delivered its highest-ever quarterly profit, supported by contributions from all business segments. He highlighted the role of regulated and contracted businesses in providing resilient cash flows, while renewables, rooftop solar, storage and customer-facing solutions continue to strengthen growth momentum.
He also noted that the company’s first-half capital deployment is accelerating renewable capacity additions, transmission expansion, pumped-storage development and digital distribution infrastructure.
With investments spanning solar manufacturing, renewable generation, rooftop solar, pumped hydro and battery storage, Tata Power is continuing to expand its integrated energy portfolio while supporting India’s evolving electricity and clean-energy infrastructure requirements.
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