Tata Power Q3 Results: Net Profit and Revenue See a Decline
Tata Power Co. released its financial results for the third quarter of FY26 this Wednesday. According to the company’s exchange filing, net profit fell by 25% compared to the same period last year.
The Tata Group company reported a consolidated net profit of Rs 772 crore, down from Rs 1,031 crore in the previous year.
Key Financial Performance
Revenue for the quarter also saw a dip, falling over 9% to Rs 13,948 crore from Rs 15,391 crore. Other key financial metrics include:
- Operating Profit (EBITDA): Declined by 9%, moving from Rs 3,353 crore to Rs 3,055 crore.
- Profit Margin: Remained steady at 21.9%, a slight increase from last year’s 21.8%.
- Earnings Per Share (EPS): Reported at Rs 8.6.
- Return on Equity (ROE): Stood at 11.2%.
Energy Capacity and Portfolio
Tata Power continues to manage a large energy portfolio with a total capacity of 26.3 GW, which includes both operational projects and those currently under construction.
- Clean and Green Energy: Total capacity reached 17.5 GW (with 10 GW still being built).
- Thermal Energy: Operational thermal capacity is currently 8.9 GW.
- Renewable Energy: The operational portfolio includes 4,906 MW of solar, 1,221 MW of wind, and 880 MW of hydro power.
The company also noted that coal prices in Indonesia are rising due to cuts in production, which may impact future costs.
Q3 Performance Summary (Year-on-Year)
- Net Profit: Rs 772 crore (Down 25.1%)
- Revenue: Rs 13,948 crore (Down 9.4%)
- EBITDA: Rs 3,055 crore (Down 8.9%)
- Margin: 21.9% (Slightly up from 21.8%)
Tata Power Stock Update
On Wednesday, Tata Power’s share price closed at Rs 371.05 on the NSE, marking a 1.63% increase. This performance outpaced the Nifty index, which rose by 0.19% on the same day. However, over the past 12 months, the share price has decreased by 2.49%.
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