Tata Power Posts Record Quarterly Profit of Rs 1,652 Crore, Up 33% in Q2 FY27

Jamshedpur: Tata Power has reported its highest-ever quarterly net profit of Rs 1,652 crore for the second quarter of FY27, registering a 33 per cent year-on-year growth, driven by strong performance across its generation, renewable energy, transmission and distribution businesses.

The company's revenue increased 26 per cent to Rs 19,886 crore during the quarter, while EBITDA rose 5 per cent to Rs 4,245 crore, reflecting growth across its diversified energy portfolio.

For the first half of FY27, Tata Power recorded its highest-ever half-yearly profit after tax (PAT) of Rs 3,053 crore, up 22 per cent compared to the corresponding period last year. Revenue stood at Rs 38,784 crore, while EBITDA reached Rs 8,494 crore.

The company attributed its performance to broad-based growth across conventional power generation, renewable energy, transmission and distribution, and emerging consumer-focused green energy businesses. It also highlighted the growing contribution of regulated and long-term contracted operations, which provide greater stability and predictability to earnings and cash flows.

Tata Power invested approximately Rs 10,000 crore during the first half of FY27, marking its highest-ever capital expenditure for a six-month period. The investment is aimed at expanding critical energy infrastructure and supporting India's transition towards a reliable and sustainable power ecosystem.

India's electricity demand continued to grow during the first half of the financial year, supported by industrial activity, agricultural consumption, rising household demand, electric vehicle adoption and the expansion of data centres. Extreme heatwaves and a delayed monsoon further increased electricity consumption, particularly for cooling requirements.

Tata Power said its diversified portfolio of thermal generation assets, renewable energy projects, storage solutions and transmission and distribution infrastructure positions it to address the country's growing energy requirements.

The renewable energy business remained a key contributor to growth, supported by 1.4 GW of capacity additions over the past 12 months, healthy manufacturing margins and improved yields. The company's rooftop solar EPC business also maintained its leadership position, with cumulative installations exceeding 5.1 GWp.

Its Odisha distribution operations continued to show improvement, with aggregate technical and commercial (AT&C) losses declining by 5.7 per cent compared to Q1 FY27. Following Cyclone Arnab, electricity supply in affected areas was restored within 48 to 72 hours, demonstrating the resilience of its technology-enabled distribution network and field operations.

The company is also expanding the use of artificial intelligence and digital technologies across its operations to improve efficiency, enable predictive maintenance and enhance customer experience.

In conventional power generation, Tata Power reported strong operational and financial performance. Its Mundra power plant continued operating at full capacity under Section 11 of the Electricity Act until the end of December. The company is also pursuing discussions with multiple state governments for supplementary power purchase agreements (SPPAs), which it said have reached an advanced stage.

Alongside renewable energy expansion, Tata Power is strengthening its energy storage portfolio through pumped storage hydro projects. Construction at the Bhivpuri Pumped Storage Project is progressing as scheduled, while the company's board has approved the capital commitment for the Shirwata project.

Commenting on the performance, Dr Praveer Sinha, CEO and Managing Director of Tata Power, said the company had delivered its highest-ever quarterly profit, supported by strong contributions from businesses across its integrated energy portfolio.

He said regulated and contracted businesses continued to provide stable cash flows, while renewable energy, rooftop solar, storage and customer-focused solutions were driving growth momentum.

Sinha added that the company's Rs 10,000 crore investment during the first half of the financial year was accelerating renewable capacity expansion, transmission infrastructure development, pumped storage projects and digitalisation of distribution networks.

With a strong project pipeline, disciplined capital allocation and improving profitability across businesses, Tata Power aims to sustain profitable growth while contributing to India's energy transition and strengthening the country's energy security.

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