New Delhi, Nov 11 (PTI) Tata Power on Wednesday posted a record net profit of 1,652 crore for the September quarter, on the back of strong performance across all business segments.
The net profit stood at Rs 1,245 crore in the quarter ended on September 30, 2025, a company statement said.
The company’s net profit in Q2 FY27 soared 33 per cent year-on-year to an all-time high of Rs 1,652 crore, driven by strong performance across all business clusters, while the net profit during the first half of the current fiscal jumped 22 per cent to Rs 3,053 crore, the statement added.
The net profit stood at 2,508 crore in the April-September period of the preceding financial year.
Revenue rose 26 per cent to Rs 19,886 crore in the quarter, compared to Rs 15,769 crore in the same period a year ago.
Praveer Sinha, MD and CEO of the company, said, “We delivered our highest-ever quarterly profit, with strong contributions from all businesses, underscoring the strength of Tata Power’s integrated energy platform and consistent execution across our portfolio.”
While our regulated and contracted businesses provide resilient cash flows, renewables, rooftop solar, storage, and customer-facing solutions are enhancing growth momentum, he stated.
“Our Rs 10,000 crore capital deployment in the first half of the year is accelerating renewable capacity addition, transmission expansion, pumped storage development, and digital distribution infrastructure,” he added.
Backed by a robust project pipeline, disciplined capital allocation and improving profitability across our businesses, we are well poised to deliver sustained profitable growth while supporting India’s energy transition and strengthening its energy security, he added.
Renewable businesses remained a key driver of earnings growth, underpinned by 1.4 GW of capacity additions over the last twelve months, strong manufacturing margins and yields, and continued leadership in rooftop EPC with over 5.1 GWp of cumulative installations, it stated.
Odisha distribution continued its strong operational performance, with AT&C losses improving by 5.7 per cent over Q1 FY27.
Following Cyclone Arnab, electricity supply was restored within 48-72 hours in the affected area, highlighting the resilience of the tech-powered network and operational capabilities of field teams.
AI-led digitalisation is being scaled across operations to drive efficiency, predictive maintenance and improve customer experience.
The company’s conventional generation assets delivered strong operating and financial performance.
Mundra plant continues to operate at full capacity and currently runs under Section 11 of the Electricity Act till the end of December. The company is actively advancing discussions with multiple states to secure Supplementary Power Purchase Agreements (SPPAs), which are at an advanced stage.
The government can invoke Section 11 of the Act to mandate the power companies to run plants at full capacity to meet the rising demand.
The company's Board of Directors, at its meeting held on Wednesday, also approved an investment proposal in the 1,800 MW Pumped Storage Project at Shirwata, Maharashtra.
The required investment is Rs 11,871 crore. The company plans to meet the funding requirements through 75 per cent debt and 25 per cent equity.
The Pumped Storage Hydro Project (PSP) will be instrumental in Renewable Energy Round the Clock (RE-RTC) applications, facilitating energy shifting, and contributing to decarbonise hard-to-abate industries, the Tata Group firm said.
The company's overall existing capacity stands at 16.9 GW.
(This story has not been edited by THE WEEK and is auto-generated from PTI)