TATAPOWER

Tata Power Company share price & financials

Price
₹377.25
Market cap
₹1.2L Cr
Sector
Power
Calls analysed
6
Latest concall · Q1 FY27 · call held 28 Jul 2026

Tata Power Company Limited Q1 FY27

EBITDA ₹4,249 cr +8%PAT ₹1,401 cr +11%

What went well

  • PAT increased by 11% to ₹1,401 crores, marking the 27th consecutive quarter of PAT and EBITDA growth.
  • EBITDA grew by 8% to ₹4,249 crores, demonstrating consistent operational performance.
  • Renewable cluster showed strong growth with revenue up 22%, EBITDA up 23%, and PAT up 37% in Q1 FY27.

What to watch

  • Odisha DISCOM experienced muted growth in Q1 FY27 due to delayed government payments and acute heatwave-related non-disconnection directives.
  • Tata Projects continued to incur losses in Q1 FY27, though management expects a turnaround after closing legacy projects.
Read the full call →

What Tata Power Company Limited does

Tata Power is India's largest vertically-integrated power company, operating across generation (thermal, solar, wind, hydro and waste-heat recovery), transmission and distribution, renewables, and new-age energy solutions. It earns by selling electricity under long-term power-purchase agreements and regulated distribution tariffs, and from solar EPC, integrated cell-and-module manufacturing, rooftop solar, and EV charging services. The company distributes power to roughly 13 million customers across Mumbai, Delhi, Odisha and Ajmer, and holds coal-mining interests in Indonesia to feed its thermal fleet.

Segments

  • Generation
  • Renewables
  • Transmission & Distribution
  • New-age Energy Solutions
Operational generation capacity
16,310 MW
Distribution customers
13 million (Mumbai, Delhi, Odisha, Ajmer)
Operational transmission lines
4,738 Ckm
Thermal generation capacity
8,860 MW
Solar generation capacity
4,906 MW
Integrated solar cell & module manufacturing capacity
~4.9 GW
Employees 23,668 (FY25) Company website

Guidance record · Q1 FY27

what the last two calls moved 22 tracked 0 delivered 5 missed 17 open
  • Mundra PPA Finalization went quiet said Q1 FY26 Promised: We do expect that we will be able to conclude to an arrangement acceptable to all the 5 procurers and us within August. Q1 FY27: The 'next 4-6 weeks' deadline from Q4 FY26 for finalizing PPAs with the remaining 4 states has passed. Management provided no update on this topic during the Q1 FY27 call.
  • Own RE Capacity Addition revised up said Q3 FY26 Promised: So, this year, we will do something like another 500 megawatts. But next year, the so-called 2.5, we will do 100% for ourselves. Q1 FY27: Management revised guidance upwards to 2.5-2.7 GW for FY27. 200 MW was commissioned in Q1, with another 500 MW expected in Q2, showing strong progress.
  • Odisha AT&C Losses on track said Q1 FY26 Promised: In the next 3 years, we will bring down to about 10% range. Q1 FY27: Management noted muted growth in Odisha due to temporary issues like payment delays and heatwave directives, but expects collection efficiency to improve. The long-term loss reduction plan remains on track.

All 22 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 7.6%, net profit down 46.7% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue4,889 5,731 5,965 5,285 2,625 −46%2,483 −57%2,833 −53%5,689 +8%
EBITDA1,205 1,168 1,008 951 577 −52%331 −72%628 −38%1,058 +11%
Net profit1,009 978 409 520 431 −57%-160 −116%334 −18%277 −47%
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.

Performance −5.7% 1Y

₹350₹400₹450Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 11 Nov 2025Q3 FY26 — 4 Feb 2026Q4 FY26 — 15 May 2026Q1 FY27 — 28 Jul 2026

1Y: ₹386.5 on 10 Sept 2025 → ₹364.65. High ₹461.8 (28 Apr 2026), low ₹345.25 (23 Jan 2026).

How the price took the results

close before → close after

Q1 FY27
−1.6%
28 Jul
Q4 FY26
−0.2%
15 May
Q3 FY26
+1.8%
4 Feb
Q2 FY26
−0.1%
11 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue fell 33.9% a year over 3 years, FY23 to FY26. Operating margin widened to 18.8%.

Year endingFY23FY24FY25FY26
Revenue₹45.7k Cr₹20.1k Cr₹22.4k Cr₹13.2k Cr
Operating profit₹6.2k Cr₹3.7k Cr₹4.4k Cr₹2.5k Cr
Operating margin13.5%18.5%19.7%18.8%
Interest₹3.7k Cr₹2.3k Cr₹2.1k Cr₹2.0k Cr
Depreciation₹2.8k Cr₹1.2k Cr₹1.2k Cr₹1.2k Cr
Net profit₹3.0k Cr₹2.2k Cr₹3.1k Cr₹1.1k Cr
Net margin6.6%11.1%14.0%8.5%
ROCE15.0%12.0%15.0%8.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹320 Cr₹320 Cr₹320 Cr₹320 Cr₹320 Cr₹320 Cr
Reserves₹9.6k Cr₹10.6k Cr₹13.4k Cr₹15.5k Cr₹37.4k Cr₹18.1k Cr
Borrowings₹27.2k Cr₹27.6k Cr₹24.9k Cr₹22.6k Cr₹70.1k Cr₹26.1k Cr
Other liabilities₹7.4k Cr₹8.7k Cr₹9.6k Cr₹12.1k Cr₹56.0k Cr₹10.4k Cr
Total liabilities₹44.5k Cr₹47.2k Cr₹48.2k Cr₹50.5k Cr₹163.8k Cr₹55.0k Cr
Fixed assets₹24.5k Cr₹23.7k Cr₹23.7k Cr₹23.5k Cr₹79.2k Cr₹24.2k Cr
Capital work in progress₹322 Cr₹965 Cr₹1.3k Cr₹1.8k Cr₹15.9k Cr₹2.5k Cr
Investments₹10.2k Cr₹10.8k Cr₹12.1k Cr₹13.4k Cr₹17.0k Cr₹15.0k Cr
Other assets₹9.4k Cr₹11.7k Cr₹11.0k Cr₹11.7k Cr₹51.6k Cr₹13.3k Cr
Total assets₹44.5k Cr₹47.2k Cr₹48.2k Cr₹50.5k Cr₹163.8k Cr₹55.0k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs added +2.17 pp while the public trimmed −2.16 pp. The shareholder count shrank 11% to 39,96,318.

Promoters
46.9%
FIIs
10.0%
DIIs
18.1%
Government
0.3%
Public
24.7%

Since Jun 2025

  • DIIs +2.17 pp
  • Public −2.16 pp
  • FIIs −0.02 pp

How it drifted, 12 quarters

Over this window the public fell from 27.1% to 24.7% — −2.5 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 46.9%, FIIs 10.0%, DIIs 15.7%, Government 0.3%, Public 27.1%.Dec '23: Promoters 46.9%, FIIs 9.8%, DIIs 16.1%, Government 0.3%, Public 26.9%.Mar '24: Promoters 46.9%, FIIs 9.4%, DIIs 15.5%, Government 0.3%, Public 27.9%.Jun '24: Promoters 46.9%, FIIs 9.5%, DIIs 15.5%, Government 0.3%, Public 27.8%.Sep '24: Promoters 46.9%, FIIs 9.2%, DIIs 16.6%, Government 0.3%, Public 27.0%.Dec '24: Promoters 46.9%, FIIs 9.4%, DIIs 15.7%, Government 0.3%, Public 27.7%.Mar '25: Promoters 46.9%, FIIs 9.4%, DIIs 15.9%, Government 0.3%, Public 27.6%.Jun '25: Promoters 46.9%, FIIs 10.1%, DIIs 15.9%, Government 0.3%, Public 26.8%.Sep '25: Promoters 46.9%, FIIs 10.2%, DIIs 16.3%, Government 0.3%, Public 26.3%.Dec '25: Promoters 46.9%, FIIs 10.0%, DIIs 17.2%, Government 0.3%, Public 25.6%.Mar '26: Promoters 46.9%, FIIs 10.0%, DIIs 18.0%, Government 0.3%, Public 24.8%.Jun '26: Promoters 46.9%, FIIs 10.0%, DIIs 18.1%, Government 0.3%, Public 24.7%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 2 holders trimming and 1 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Tata Power Company Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Tata Sons Private Limited 45.21%unchanged
Life Insurance Corporation Of India Insurer4.93%−0.25 pp
Nippon Life India Trustee Ltd-A/C Nippon India Large Cap Fund Mutual fund2.09%−0.18 pp
NPS Trust- A/C Pension / PF1.45%newly disclosed
Tata Steel Limited 1.22%unchanged
Franklin India Flexi Cap Fund Mutual fund1.10%newly disclosed
Tata Investment Corporation Ltd 0.21%unchanged
Tata Industries Limited 0.14%unchanged
Ewart Investments Limited 0.07%unchanged
Tata Projects Limited 0.00%unchanged
Tata Autocomp Systems Limited 0.00%unchanged
Simto Investment Company Limited 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in TATAPOWER

Filings to Aug 2026

0 new, 14 added, 6 trimmed, 0 sold out — net −26.29 L shares (−3.1%).

Held by funds
₹2.9k Cr
29 schemes
Biggest holder
Nippon India Large Cap Fund
₹700 Cr · 1.3% of that fund
SchemeHoldingLast month
Nippon India Large Cap Fund Nippon India Mutual Fund₹700 Crheld
Nippon India Multi Cap Fund Nippon India Mutual Fund₹561 Cr−34.86 L
SBI Arbitrage Fund SBI Mutual Fund₹295 Cr+6.63 L
Nippon India Small Cap Fund Nippon India Mutual Fund₹267 Crheld
Nippon India ETF Nifty Next 50 Junior BeES Nippon India Mutual Fund₹204 Cr+1.90 L
Nippon India ELSS Tax Saver Fund Nippon India Mutual Fund₹184 Crheld
SBI Balanced Advantage Fund SBI Mutual Fund₹137 Crheld
Nippon India Power & Infra Fund Nippon India Mutual Fund₹132 Crheld

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

14 added, 6 trimmed — net −26.29 L shares (−3.1%)

Funds are sitting on
+17%
vs est. average cost
Held by funds
₹2.9k Cr
29 schemes · ≈ 2.6% of the company
Biggest holder
Nippon India Large Cap Fund
₹700 Cr · 1.3% of that fund
Longest holder
Nippon India ETF Nifty Infrastructure BeES
7y 8m · since Jan '19

Shares held by these funds +44%

Aug '23 8.60 cr shares Jul '26

All earnings calls (6)

Read the Q1 FY27 call →

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