Tata Power, one of India’s largest vertically integrated power companies, reported Profit After Tax (PAT) of ₹ 1,194crore in the third quarter ended December 31, 2025. The Company reported revenue of ₹ 14,485 crore and EBITDA of ₹ 3,913 crore during the same period.
For the 9-Month period, the company’s PAT rose to ₹ 3,702 crore (up 7 % YoY); revenue rose to ₹ 47,719 crore (up 1 % YoY); while EBITDA grew to ₹ 11,874 crore (up 12 % YoY).
The Company’s performance during the third quarter and 9-Month period reflects the strength of its diversified and integrated portfolio, spanning renewables, transmission and distribution, new energy solutions, and conventional generation.
Dr Praveer Sinha, CEO and Managing Director of Tata Power, said that Q3 FY26 marked strong execution and all-around performance across the company’s generation, transmission, distribution, renewables, and manufacturing businesses. He noted that the company crossed 10 GW of cumulative renewable EPC execution and delivered record solar cell and module output with industry-leading yields, while rooftop solar installations surpassed 4 GWp. Tata Power now serves more than 13 million distribution customers nationwide, the largest base among private utilities.
He highlighted that the company’s Odisha discoms delivered strong financial and operational performance, earning A+ and A grades in the Ministry of Power’s 14th Integrated Ratings. In transmission, key projects were commissioned to strengthen green energy corridors, while World Bank financing for Bhutan’s largest PPP hydropower project further strengthened the company’s clean energy portfolio and regional cooperation. Dr Sinha added that the company’s nine-month performance positions it strongly for 2026, supported by favourable macro conditions and rising power demand driven by manufacturing, urbanisation, and AI-led digital infrastructure. He emphasised that Tata Power remains focused on responsibly scaling clean energy capacity, strengthening system resilience, and delivering long-term, reliable growth.
During the quarter, Tata Power Renewables commissioned SJVN’s 1 GW and NHPC’s 300 MW DCR-compliant solar projects using modules from its Tirunelveli facility and added 357 MW of in-house renewable capacity. The company’s total utility-scale capacity reached 6.1 GW, including 4.9 GW of solar and 1.2 GW of wind. Overall, 919 MW of renewable capacity was commissioned, comprising 357 MW of own projects and 562 MW of third-party EPC projects. Tata Power Renewables also signed a power purchase agreement with Tata Power Mumbai Distribution to develop an 80 MW firm and dispatchable renewable energy project.
In the distribution segment, the company’s Odisha discoms continued to deliver strong operational performance, recording a 1.9 percent reduction in AT&C losses. TPNODL and TPCODL achieved A+ ratings, while TPWODL secured an A grade in the Ministry of Power’s 14th Integrated Ratings report. TPCODL received the Gold Award for improvement in rural revenue recovery, and TPWODL was awarded the Silver Award for best use of smart meter data at EDICON 2026. Tata Power-DDL reported a 28 percent year-on-year growth in profit after tax, supported by favourable true-up adjustments. The company installed around 5.75 lakh smart meters during the quarter, taking cumulative installations to over 46.5 lakh across India.
In transmission, Tata Power is advancing six projects spanning about 2,400 circuit kilometres and remains on track to surpass 7,000 circuit kilometres of operational capacity by FY28. During the quarter, the company commissioned the 400 kV Koteshwar–Rishikesh line and the 400/220 kV Metro Depot substation, as well as the 765 kV Mainpuri–Bara and Mainpuri–Unnao transmission lines covering 574 circuit kilometres in Uttar Pradesh. It also secured a letter of intent from REC Power Development and Consultancy Limited for the acquisition of the 226 circuit kilometre Jejuri–Hinjewadi transmission project.
The company continued to expand its EV charging network, reaching 5,743 public charging points across 677 cities and installing more than 1.93 lakh home chargers. Its renewable microgrid business joined the global Utilities for Net Zero Alliance and launched an integrated renewable energy initiative for rural India, combining solar, biogas, and energy-efficient solutions to support clean-energy livelihoods and local entrepreneurship.
On the sustainability front, Tata Power organised the National Urja Mela 2025 at the Tata Power-DDL Learning Center in Rohini, bringing together over 1,000 students and educators from 200 schools across 15 states to showcase clean energy ideas. The company also launched the Solar Sakhi Abhiyan, training 100 women volunteers as solar ambassadors across more than 75 villages. Through its skill development initiatives, Tata Power established solar skill centres in Tamil Nadu under a PPP model and partnered with the ICICI Foundation to set up five renewable energy skill development centres across multiple cities, with Tata Power Skill Development Institute serving as the implementation partner.
Additionally, the company expanded its Gaja Sanrakshana elephant conservation programme into its second phase, covering 20 forest ranges across Odisha to promote elephant safety, human-wildlife coexistence, and community-led biodiversity protection.
