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TATATAPOWER

Tata Power Company Q2 FY26 results (Jul–Sep 2025) and concall

Power · Concall AI · Call held 11 Nov 2025

Tata Power reported its 24th consecutive quarter of PAT growth, up 14% YoY, driven by strong performances in Odisha Discoms, solar manufacturing, and rooftop solar, with EBITDA crossing ₹4,000 crores. Despite challenges from monsoon-related project delays and Mundra's non-operation, the company is on track with its ₹25,000 crores FY26 capex plan and is progressing on strategic investments like the 1,125 MW Dorjilung hydro project in Bhutan and a potential 10 GW ingot/wafer plant.

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What they filed

Q2 FY26: revenue down 46.3%, net profit down 57.3% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue4,889 5,731 5,965 5,285 2,625 −46%
EBITDA1,205 1,168 1,008 951 577 −52%
Net profit1,009 978 409 520 431 −57%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.