TATAPOWER Tata Power Company Q3 FY26 results (Oct–Dec 2025) and concall
Tata Power delivered a strong Q3 FY26, with EBITDA growing 12% YoY to Rs. 3,913 crores and PAT marginally increasing to Rs. 1,194 crores despite the Mundra plant being non-operational. Growth was driven by robust performance in solar manufacturing, rooftop solar, and Odisha Discoms. The company is progressing on Mundra resolution and has a significant renewable capacity pipeline, though execution faces some grid connectivity challenges.
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What they filed
Q3 FY26: revenue down 56.7%, net profit down 116.4% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 4,889 | 5,731 | 5,965 | 5,285 | 2,625 −46% | 2,483 −57% |
| EBITDA | 1,205 | 1,168 | 1,008 | 951 | 577 −52% | 331 −72% |
| Net profit | 1,009 | 978 | 409 | 520 | 431 −57% | -160 −116% |
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.
