Company reports ₹19,886 crore quarterly revenue, deploys ₹10,000 crore in H1 FY27 and plans to begin work on Odisha solar manufacturing facility
Tata Power Company Limited reported a 33% year-on-year increase in net profit to a record ₹1,652 crore for the second quarter of FY2026–27, supported by strong performance across its business segments.
The company’s net profit stood at ₹1,245 crore in the corresponding quarter of the previous financial year.
Revenue from operations increased 26% to ₹19,886 crore during the quarter ended September 30, 2026, compared with ₹15,769 crore in the year-ago period.
The growth reflects the performance of Tata Power’s diversified energy portfolio, which includes conventional power generation, renewable energy, transmission, distribution and customer-focused energy solutions.
For the first half of FY27, the company’s net profit increased 22% to ₹3,053 crore from ₹2,508 crore in the corresponding April–September period of FY26.
Commenting on the financial performance, Tata Power Managing Director and Chief Executive Officer Praveer Sinha said the company had achieved its highest-ever quarterly profit, supported by contributions from across its businesses.
He attributed the performance to the strength of Tata Power’s integrated energy platform and consistent execution across its operations.
According to Sinha, regulated and contracted businesses continue to provide stable cash flows, while renewable energy, rooftop solar, energy storage and customer-oriented solutions are contributing to the company’s growth.
Tata Power deployed approximately ₹10,000 crore in capital expenditure during the first six months of FY27 to support its expansion plans.
The investment is being directed towards renewable energy capacity additions, transmission infrastructure, pumped storage development and digital distribution systems.
The company expects its project pipeline, capital allocation strategy and improving profitability to support further growth while contributing to India’s energy transition and energy security.
Meanwhile, Tata Power is preparing to begin construction of its proposed photovoltaic ingot and wafer manufacturing facility in Odisha during November 2026.
During an earnings conference call, a senior company official said the necessary approvals for starting construction had been received.
The facility is expected to be commissioned and become fully operational by March 2028.
However, the company has not yet taken a final decision on commencing work on the proposed solar cell and module manufacturing plant.
Management indicated that the decision would depend on market conditions and future demand trends.
The planned Odisha facility forms part of Tata Power’s broader strategy to expand its presence in the solar manufacturing value chain alongside its renewable energy generation and distribution businesses.
With record quarterly profitability and continued investments in energy infrastructure, Tata Power is positioning its integrated operations to support growing electricity demand and India’s transition towards cleaner energy sources.
