Tata Power reports 8% rise in Q4 FY26 profit despite lower revenue; renewables and T&D businesses support overall earnings growth.
Tata Power Q4 Results: Tata Power reported consolidated revenue from operations of ₹14,900.20 crore in Q4 FY26, down 12.85% year-on-year but up 6.82% quarterly. Consolidated net profit rose 8.38% YoY to ₹1,415.52 crore. The board recommended a final dividend of ₹2.50 per share.
Tata Power Q4 Results: On 12 May 2026, Tata Power Company reported a mixed quarter for Q4 FY26, with revenue under pressure from a steep decline in thermal and hydro operations, but net profit jump 8.38% YoY.
Here are the glimpses of Tata Power’s Q4 FY26 results.
|
Metric |
Q4 FY26 |
Q3 FY26 |
QoQ% |
Q4 FY25 |
YoY% |
|
Revenue from Ops (₹ Cr) |
14,900.20 |
13,948.41 |
6.82% |
17,095.88 |
-12.85% |
|
Total Income (₹ Cr) |
15,455.48 |
14,269.08 |
8.31% |
17,446.95 |
-11.41% |
|
EBITDA (₹ Cr) |
2,599.19 |
3,054.91 |
-14.92% |
3,245.60 |
-19.92% |
|
EBITDA Margin % |
17.44% |
21.90% |
-446 bps |
18.99% |
-155 bps |
|
Net Profit (₹ Cr) |
1,415.52 |
1,194.33 |
18.52% |
1,306.09 |
8.38% |
Source: NSE filing, Tata Power FY26 Consolidated Annual Results
Consolidated revenue from operations stood at ₹14,900.20 crore, compared to ₹17,095.88 crore in Q4 FY25, a decline of 12.85%.
Total income for the quarter came in at ₹15,455.48 crore, down 11.41% year-on-year from ₹17,446.95 crore. Compared to the previous quarter’s ₹14,269.08 crore, total income increased 8.31%.
The company’s consolidated EBITDA stood at ₹2,599.19 crore in Q4 FY26. EBITDA declined 19.92% from the same quarter last year and fell 14.92% from Q3 FY26.
EBITDA margin for the quarter stood at 17.44%, compared with 18.99% in Q4 FY25 and 21.90% in Q3 FY26.
Consolidated profit after tax stood at ₹1,415.52 crore in Q4 FY26 against ₹1,306.09 crore in Q4 FY25, registering an 8.38% increase. Quarterly, profit rose 18.52% from ₹1,194.33 crore reported in Q3 FY26.
Tata Power’s transmission and distribution business remained the largest contributor in Q4 FY26, with segment revenue rising 11.57% year-on-year to ₹10,698.83 crore.
The renewables segment also posted healthy growth of 15.81% YoY, reflecting continued expansion in the clean energy business.
However, revenue from the thermal and hydro segment declined sharply by 53.98% YoY to ₹2,433.84 crore.
|
Segment |
Q4 FY26 (₹ Cr) |
Q4 FY25 (₹ Cr) |
YoY% |
|
Thermal & Hydro Revenue |
2,433.84 |
5,288.24 |
-53.98% |
|
Renewables Revenue |
4,003.43 |
3,456.87 |
15.81% |
|
Transmission & Distribution Revenue |
10,698.83 |
9,589.22 |
11.57% |
|
Others Revenue |
114.68 |
107.27 |
6.91% |
For the full financial year FY26, Tata Power reported consolidated revenue from operations of ₹62,428.59 crore, down 4.66% from FY25.
Consolidated net profit increased 7.17% year-on-year to ₹5,117.56 crore. Operating cash flow for the year stood at ₹5,993.33 crore.
|
Metric |
FY26 |
FY25 |
YoY Change |
|
Consolidated Revenue (₹ Cr) |
62,428.59 |
65,478.24 |
-4.66% |
|
Consolidated Net Profit (₹ Cr) |
5,117.56 |
4,775.37 |
7.17% |
|
Operating Cash Flow (₹ Cr) |
5,993.33 |
12,680.19 |
-52.73% |
Source: NSE filing, Tata Power FY26 Consolidated Annual Results
The board of directors recommended a final dividend of ₹2.50 per equity share with a face value of ₹1 each for FY26. The dividend is subject to shareholder approval at the company’s AGM scheduled on 7 July 2026. The record date has been fixed as 23 June 2026.