Tata Power Q2 profit jumps 48.6% to ₹1,366 crore; one-time gain boosts PAT, revenue rises 26.3%

Tata Power reported a 48.6% year-on-year increase in profit attributable to owners of the company at ₹1,366.11 crore in Q2 FY27, compared with ₹919.44 crore in the corresponding quarter last year. Consolidated revenue from operations rose 26.3% to ₹19,635.94 crore from ₹15,544.91 crore.

EBITDA, calculated using operating income less expenses before finance costs and adding back depreciation, stood at ₹3,666.85 crore, up 11.1% from ₹3,301.95 crore a year earlier. The company's reported consolidated EBITDA, which also factors in other income and regulatory deferral balances, stood at ₹4,245 crore, compared with ₹4,032 crore in Q2 FY26, marking growth of 5.3%. Excluding a ₹267-crore regulatory one-off in the year-ago quarter, reported EBITDA growth was 12.8%, according to the company.

Consolidated net profit for the quarter increased 32.6% to ₹1,652.04 crore from ₹1,245.39 crore. PAT before exceptional items stood at ₹1,521 crore, up 22% year-on-year. The company reported net exceptional gains of ₹119.18 crore before tax, including a gain on derecognition of an associate, partly offset by impairment charges.

Generation and renewables drive performance

The generation, coal and hydro cluster reported revenue of ₹5,883 crore, compared with ₹2,336 crore a year earlier, while EBITDA rose to ₹790 crore from ₹486 crore. Profit after tax for the cluster increased to ₹555 crore from just ₹1 crore, supported by improved operations at Mundra, Mumbai generation and Maithon Power.

The renewables cluster reported revenue of ₹3,746 crore and EBITDA of ₹1,728 crore, up 3.7% and 9.7%, respectively. Its PAT increased 21% to ₹618 crore. The transmission and distribution cluster recorded revenue of ₹11,942 crore, up 11.9%, while EBITDA rose 24% to ₹1,752 crore.

Tata Power invests ₹10,000 crore in H1

Tata Power deployed nearly ₹10,000 crore in capital expenditure during the first half of FY27, its highest-ever half-yearly investment. It added 765 MW of clean and green generation capacity during the period, taking total installed clean and green capacity to 8.6 GW, including storage.

"We delivered our highest-ever quarterly profit, with strong contributions from all businesses," CEO and Managing Director Praveer Sinha said, highlighting the company's integrated energy platform and execution across its portfolio.

For H1 FY27, consolidated revenue rose 17% to ₹38,784 crore, EBITDA increased 7% to ₹8,494 crore and reported PAT climbed 22% to ₹3,053 crore.