Tata Power Company Limited (TATAPOWER) Q2 FY27 Financial Results: PAT ₹1,401 Cr & Revenue ₹18,898 Cr

Investor Takeaways

Overall Tone: Positive

Key Financial Highlights

What Changed

Tata Power reported robust Q1FY27 financials with revenue of ₹18,898 crore, up 8% YoY, and net profit of ₹1,401 crore, up 11% YoY. EBITDA rose 8% to ₹4,249 crore, indicating improved operational efficiency. The growth was driven by strong performance across renewables, transmission, and solar manufacturing. Notably, solar module PAT surged 3.9x YoY and rooftop solar PAT grew 1.7x YoY, underscoring the contribution of new capacity additions and higher utilization. The company highlighted the planned commissioning of the 164 Ckm TP Jalpura Khurja Transmission project as a key upcoming milestone, supporting long-term grid stability and transmission infrastructure expansion. These results reflect disciplined capital deployment and execution momentum in core growth areas.

Peer Comparison

Tata Power trades at a premium to NTPC and Power Grid on P/E, while being comparable to Adani Power. However, its ROE and ROCE are not provided in the fundamentals, limiting direct profitability and efficiency comparison. The company’s higher P/E suggests market expectations of stronger future growth relative to peers.

Risks & Concerns

Quarterly Trend

The latest quarter (Q1FY27) shows revenue of ₹18,898 crore and profit of ₹1,401 crore, which exceeds the previous peak of ₹17,293.62 crore revenue in Q1FY25 and profit of ₹1,188.63 crore. However, OPM in Q1FY27 is not provided, so trend in operating margin cannot be assessed. The company’s profitability has shown variability, with Q4FY24 OPM at 14.72% being notably lower than other quarters, suggesting potential margin pressure in certain periods despite recent growth.

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About Tata Power Company Limited (TATAPOWER)

Power · Power · Listed on NSE

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