Tata Power Q3 results: Tata Power, on Wednesday, February 4, reported a muted year-on-year (YoY) growth in its consolidated profit for the December quarter of the current financial year (Q3FY25) at ₹1,194.33 crore. In the same quarter last year, the company’s profit was ₹1,187.54 crore.
Revenue from operations for the quarter dropped 4% YoY to ₹14,485 crore from ₹15,118 crore in the same quarter last year.
Tata Power’s Q3FY26 EBITDA, however, jumped 12% YoY to ₹3,913 crore from ₹3,481 crore in the same quarter last year.
“Q3FY26 marked strong execution and all-round performance across generation, transmission, distribution, renewables, and manufacturing,” said Praveer Sinha, CEO and Managing Director, Tata Power.
For the nine-month period, the company’s PAT (profit after tax) rose to ₹ 3,702 crore, up 7% YoY, while revenue rose 1% YoY to ₹47,719 crore. EBITDA grew to ₹11,874 crore, rising 12% YoY.
“Our nine-month performance positions us strongly as we enter 2026, supported by favourable macro conditions and rising power demand from manufacturing, urbanisation, and AI-led digital infrastructure,” Sinha added.
Sinha underscored that the company serves over 13 million distribution customers nationwide – the largest base among private utilities.
“Our Odisha Discoms delivered strong financial and operational performance, earning A+ and A grades in the Ministry of Power’s 14th Integrated Ratings,” Sinha highlighted.
“In transmission, we commissioned key projects strengthening green energy corridors. The World Bank’s financing for Bhutan’s largest PPP hydropower project further strengthens our clean energy portfolio and regional cooperation,” said Sinha.
Tata Power Q3 results: Key highlights
1. The company said it executed a record 1.3GW renewable projects in Q3FY26. Renewable energy business PAT grew 156% to ₹547 crore, while revenue rose by 78% to ₹3,785 crore. EBITDA of the segment increased by 66% to ₹1,637 crore.
2. Solar cell and module manufacturing Q3FY26 PAT jumped 124% YoY to ₹251 crore. Rooftop Q3FY26 PAT grew to ₹111 crore, up 85% YoY.
The output of solar cell and module manufacturing stood at 962 MW of cells and 990 MW of modules in Q3FY26.
“Cell manufacturing capacity expansion enabled significantly higher output, supporting both internal projects and external demand,” said the company.
Tata Power solar rooftop added 1 GWp capacity and 1.7 lakh new consumers in nine-month FY26.
“Q3FY26 saw 58,476 installations and a 372 MWp capacity addition, taking the cumulative base beyond 3 lakh customers and 4 GW+ installed capacity,” said the company.
3. Distribution business overall Q3FY26 PAT jumps to ₹746 crore, surging 167% YoY.
4. Odisha DISCOMs Q3 PAT jumped 163% YoY to ₹226 crore.
5. Transmission business Q3 PAT jumped 80% YoY to ₹166 crore.
Tata Power share price ended 1.71% higher at ₹371.30 on the BSE on Wednesday.
