Bengaluru, Feb 05: Tata Power, one of India’s largest vertically integrated power companies, reported a resilient performance for the third quarter and nine-month period ended December 31, 2025, underscoring the strength of its diversified and integrated business portfolio. For Q3 FY26, the Company reported a consolidated Profit After Tax (PAT) of ₹1,194 crore, broadly stable year-on-year, supported by EBITDA of ₹3,913 crore, reflecting a 12% YoY increase. Revenue for the quarter stood at ₹14,485 crore.
For the nine-month period ended FY26, Tata Power delivered a strong improvement in profitability, with PAT rising to ₹3,702 crore, up 7% year-on-year. EBITDA grew by 12% YoY to ₹11,874 crore, driven by operational efficiencies and continued scale-up across core businesses, while revenue increased marginally to ₹47,719 crore. The Company’s consistent performance reflects balanced growth across renewables, transmission and distribution, new energy solutions, and conventional generation.
Commenting on the performance, Dr Praveer Sinha, CEO & Managing Director, Tata Power, said,
“Q3 FY26 marked strong execution and all-round performance across Generation, Transmission, Distribution, Renewables, and Manufacturing. We crossed 10 GW of cumulative renewable EPC execution, delivered record solar cell and module output with industry-leading yields, and scaled rooftop solar installations beyond 4 GWp. We now serve 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.”
He added, “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. As India enters a decisive phase of power sector expansion, Tata Power remains focused on responsibly scaling clean energy capacity, strengthening system resilience, and delivering long-term, reliable growth.”
Business Highlights – Q3 FY26
Renewables: Tata Power Renewables Limited (TPREL) commissioned large-scale solar projects for SJVN and NHPC, added significant in-house renewable capacity, and expanded its total utility-scale renewable portfolio to over 6 GW. The company also signed a PPA for an 80 MW firm and dispatchable renewable energy project.
Transmission & Distribution: Odisha DISCOMs continued to deliver operational excellence with reduced AT&C losses and top-tier ratings from the Ministry of Power. Tata Power–DDL recorded strong profit growth, while smart metering deployments crossed 46.5 lakh installations nationwide. Key transmission projects were commissioned to strengthen green energy corridors, with additional projects secured for future expansion.
EV Charging: Tata Power strengthened its leadership in clean mobility with over 5,700 public EV chargers across 677 cities and more than 1.93 lakh home chargers installed.
Renewable Microgrids: TP Renewable Microgrid expanded its global engagement through UNEZA and launched integrated renewable energy solutions to promote sustainable rural livelihoods.
CSR & Sustainability: Tata Power continued to drive inclusive growth through skill development, clean energy education, biodiversity conservation, and community-led initiatives, reinforcing its commitment to responsible and sustainable development.