Tata Power Q4 Results: Profit slips 4% YoY to Rs 996 cr, revenue falls 13%

Tata Power on Tuesday reported a consolidated net profit of Rs 996 crore in the fourth quarter of FY26, which was down 4% year-on-year (YoY) from Rs 1,043 crore in the last year’s quarter. The Board has recommended a final dividend of Rs 2.5 per share for the financial year ended March 2026.

Revenue from operations fell 13% YoY to Rs 14,900 crore in the reporting March quarter, compared with Rs 17,096 crore in the year-ago quarter.

EBITDA rose 10% to Rs 4,216 crore during the quarter.

Tata Power said operational efficiency improvements and growth across core businesses supported earnings during the quarter. The company’s core business reported 13% YoY growth in PAT in Q4, driven mainly by generation, transmission and distribution, and renewables businesses.

For the full financial year FY26, Tata Power reported its highest-ever annual PAT of Rs 5,118 crore, up 7% year-on-year, while EBITDA increased 11% to Rs 16,090 crore. Annual revenue stood at Rs 63,681 crore.

The renewables segment remained a key growth driver. Renewable business PAT before exceptional items rose 59% YoY to Rs 1,994 crore in FY26, while Q4 PAT stood at Rs 406 crore.
The solar manufacturing business also saw strong traction, with FY26 PAT more than doubling to Rs 857 crore, aided by module and cell manufacturing ramp-up and yields exceeding 95%.The rooftop solar business reported a 150% jump in FY26 PAT to Rs 499 crore, while the transmission and distribution business posted a 49% rise in annual PAT to Rs 2,978 crore. Odisha discoms recorded an 84% increase in FY26 PAT at Rs 809 crore.

During the year, Tata Power commissioned 2.5 GW of renewable energy capacity and said its total renewable portfolio has now reached 11.6 GW, including projects under construction. The company also announced that the board of Tata Power Renewable Energy approved an investment of around Rs 6,500 crore for a 10 GW photovoltaic ingot and wafer manufacturing facility to deepen backward integration in solar manufacturing.

CEO and MD Praveer Sinha said the company continued to focus on long-term growth through clean energy expansion, transmission projects and distribution improvements across Odisha, Delhi and Mumbai. He added that rising electricity demand and India’s energy transition would continue to create growth opportunities across rooftop solar, manufacturing and customer-centric energy solutions.