- PAT grows to ₹1,245crore, up 14% (YoY)
- Odisha DISCOMs PAT grows to ₹ 174 crore, up 362% (YoY) H1 FY26 PAT rises to ₹ 279 crore, up 255% (YoY)
- Core Business delivers 35% growth (YoY)
- H1FY26PAT risesto ₹2,508crore, up 10% (YoY)
- Performance anchored in Diversified, Value Chain Integrated Portfolio
- Solar Cell and Module Manufacturing PAT grows to ₹ 240 crore, up 262% (YoY)
H1 FY26 PAT rises to ₹ 340 crore, up 182% (YoY) and Rooftop PAT grows to ₹ 123 crore, up 390% (YoY) H1 FY26 PAT rises to ₹ 213 crore, up 326% (YoY)
Revenue momentum continues: Q2 FY26 Revenue up3% to ₹15,769 crore; H1 FY26 up4% to ₹33,233crore, driven by strong performance acrosscore businesses
EBITDA surges: Q2 FY26 EBITDA increases6% to ₹4,032crore; H1 FY26 rises11% to ₹7,961crore, reflecting operating efficiency and well diversified portfolioRenewables business outperforms: Segment PAT up70 % to ₹511crore in Q2 FY26; EBITDA up57% to ₹1,575 crore, Revenue up 89% to ₹3,613crorereflecting strength of strategic investment in Solar Manufacturing and Rooftop business delivering stellar gains
Solar Cell and Module manufacturingachieved output of 928 MW of Cells & 970 MW of Modules in Q2 FY26. 809 MW of DCR modules dispatched in Q2, highest ever single quarter dispatch
Global acknowledgement: TP Solar earns BloombergNEF Tier-1 manufacturer status, enhancing export prospects from its 4.3 GW Tirunelveli facility. Additionally, the plant is also included in ALMM List II
Rooftop solar scales new highs:Order book stands at ₹1,116crore. Pan-India network of 644 channel partners and over 2000+ retailers
Transmission business overall PAT grew to ₹ 120crore (up 41 % YoY) in Q2 FY26
Distribution business overall PAT grew to ₹ 557crore (up 34 % YoY) in Q2 FY26.The Company is actively exploring the upcoming opportunities in Power Distribution in Maharashtra, Goa and Uttar Pradesh
Strengthening regional energy security: Construction commenced for the 600 MW Khorlochhu Hydro Project in Bhutan in which Tata Power has 40% stake, part of a 5 GW clean energy partnership. The plant has signed loan agreement worth ₹ 4,829 crore with PFC
Firming up RTC renewable supply: Work commenced on 1,000 MW BhivpuriPSP in Maharashtra to enable firm, dispatchable green powersupply
National: Tata Power, one of India’s largest vertically integrated power companies, today reported Profit After Tax (PAT) of ₹1,245 crore (up14%YoY) in the second quarter ended September 30,2025. The Company’s revenue rose to₹15,769crore (up3%YoY) ;while EBITDA grew to ₹ 4,032crore (up 6 % YoY) in Q2 FY26.
For H1FY26, reported PAT grew 10%to ₹ 2,508 crore; revenue surged 4% to ₹ 33,233crore and EBITDA jumped 11 % to ₹ 7,961 crore.
Consolidatedfinancialperformance(in₹crore)
| Particulars | Q2FY26 | Q2FY25 | %ChangeYoY | H1FY26 | H1FY25 | %ChangeYoY |
| Revenue | 15,769 | 15,247 | 3 | 33,233 | 32,057 | 4 |
| EBITDA | 4,032 | 3,808 | 6 | 7,961 | 7,158 | 11 |
| ReportedPAT | 1,245 | 1,093 | 14 | 2,508 | 2,282 | 10 |
Dr Praveer Sinha, CEO & Managing Director, Tata Power, said: “Tata Power has reported a robust performance in Q2FY26 and H1FY26, reflecting the strength of strategic initiatives and decisions taken by Company towards its integrated and diversified business model. Growth continues across conventional generation, clean energy, and consumer-focused distribution.
Tata Power is very well positioned to expandfurther with 10 GW of clean capacity under construction including a healthy pipeline of 5 GW Hybrid and FDRE projects. The Company’s backward-integrated solar manufacturing facilities are operating at full capacity, with ALMM-listed modules and cells supporting the “Make in India” clean energy push.
The rooftop solar segment continues to lead the industry with record installations, while our Discoms drive service excellence across a growing customer base of over 13 million. With proposed amendments to the Electricity Act, Tata Power is well positioned to expand its distribution footprint to 40 million consumers by 2030. As India’s power sector evolves, Tata Power remains committed to innovation, sustainability, and energy self-reliance across the value chain”.
Business Highlights–Q2 FY26
Renewables:
RE Gencos operational Scale:
- Total utility-scale capacity stands at 5.7 GW (4.7GW solar, 1 GW wind)
- Capacity Addition: Commissioned 293 MW renewables in Q2, including 111 MW own projects and 182 MW 3rd-party EPC
- Strategic Wind Partnership: TPREL signed an agreement with Suzlon Group for the supply of 838 MW of wind turbine generators to be deployed across upcoming projects in multiple states
Rooftop Solar: Installed 370MWp in Q2 FY26; Rooftop solar business continues its dominance in the segment with more than 2.7 lakh installations and cumulative capacity exceeding 3.8 GWp
- The Solar Rooftop segment has seen a stellar growth with revenues more than doubling to ₹ 1,133crore in Q2FY26, marking 158% YoY growth
Solar EPC /Battery Storage Momentum:
- TPREL secured key EPC and storage contracts — including TPC-D’s 100 MW/200 MWh BESS (~₹299 crore), NTPC Khavda’s 300 MW BOS (~₹521 crore), and its first BESPA with NHPC for a 30 MW/120 MWh system in Kerala
Strong Solar Manufacturing Traction –
- TP Solar’s manufacturing capacity now reflects in the BNEF Tier-1 manufacturers list released in Aug’25 and is also included in ALMM List II
Accelerating EV Infrastructure:
- Total public chargersstand at 5,613 while home chargers exceed 1.7 lakh points
- Tata Power EV and Tata Passenger Electric Mobility Ltd unveiled India’s Largest TATA.evMegaCharger Hub on the World EV Day on Sept. 9.
Transmission & Distribution:
- Transmission: Advancing six projects totalling over 2,400Ckm, on track to surpass operational capacity of 7,000Ckm by FY28
- Smart Metering: Installed~9.5lakh smart meters in Q2 FY26;cumulative installations across Discoms cross41 lakhs
- Odisha Discom AT&C loss reduced by 1.7% in H1 FY26 vs prior period
- Tata Power-led Odisha Discoms launched One-Kilowatt Rooftop Solar Adoption Scheme under ULA Model
Thermal & Hydro Business:
- Industrial Energy Ltd (IEL) – JV between Tata Power and Tata SteelCommissioned Domjuri Solar Plant at Jojobera of 15MW in Q2 FY26
- Prayagraj Plant (PPGCL)achieves 98% YTD Plant Availability. Highest ever since inception.
- Mundra plant Operations:Mundra station shutdown in Q2 FY26 to undertake pending overhauling activities aimed at resolving existing technical issues
CSR& Sustainability
Tata Power scored 76 in S&P CSA 2025 ESG Ratings, placing it in the 90th percentile within the Electric Utility (ELC) sector
- Energy Literacy Drive:EcoCrew—India’s largest energy awareness movement—sensitised ~3 lakh students across 1,016 schools in 24 cities of Uttar Pradesh and Uttarakhand.
- MoU signed between Tata Power and BNHS for Large-Scale Miyawaki Plantation to Strengthen Biodiversity in the Mulshi Lake Catchment area in the Hydros Region
- Tata Power has been honored with three prestigious awards. At ACEF we won ‘Best Employee Engagement Award’ for ‘Climate Crew’, ‘Innovation for Social Impact Award’ for ‘Eco Crew’ and at Mahatma Awards won ‘Digital Transformation Impact’ for ‘E – Sanidhya’-a digital first platform to support Neurodiverse individuals
