Tata Power Q3 FY26 Profit Drops 25% to Rs 772 Crore; Revenue Declines 9% to Rs 13,948.41 Crore
Tata Power reported a 25% decrease in consolidated net profit to Rs 772 crore for Q3 FY26, with revenues falling 9% to Rs 13,948.41 crore. Total expenses decreased by 6% to Rs 13,465.06 crore. The quarter saw flat power demand compared to 7% growth in the previous year. An exceptional expense of Rs 78 crore was recorded due to new labor codes. Adjusted profit after tax rose 1% to Rs 1,194 crore. EBITDA increased 12% to Rs 3,913 crore, showcasing operational strength. The company serves over 13 million customers and has expanded its renewable energy initiatives.
Theia Market Signal Identification - AI Assisted
Tata Power's consolidated net profit for Q3 FY26 fell 25% to Rs 772 crore, with revenues declining 9% to Rs 13,948.41 crore. Total expenses were Rs 13,465.06 crore, a 6% decrease. The company reported a one-time expense of Rs 78 crore from new labor codes.
Power demand remained flat, contrasting with 7% growth in the same period last year. Adjusted profit after tax increased 1% to Rs 1,194 crore, while EBITDA rose 12% to Rs 3,913 crore. Tata Power serves over 13 million customers, has surpassed 10 GW in renewable EPC execution, and secured World Bank financing for a hydropower project in Bhutan.
Comments