Board of Directors at its meeting held on May 12, 2026, recommended Final Dividend of Rs. 2.50 per equity Share.
TATAPOWER · price
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Tata Power's Board has recommended a final dividend of Rs. 2.50 per share (250% on face value of Re. 1) for FY26, subject to shareholder approval at the 107th AGM on July 7, 2026. The company reported consolidated revenue of Rs. 62,429 crore for FY26, down from Rs. 65,478 crore in FY25, marking a revenue decline. However, net profit after tax grew 7.2% to Rs. 5,118 crore from Rs. 4,775 crore. The auditors issued an unmodified opinion on the financial statements. An emphasis of matter was raised regarding an unfavorable arbitration award of USD 490.32 million related to USO claims, against which the company has filed an application for setting aside the award. Operating margins improved to 16% from 14% year-over-year. The record date for dividend is June 23, 2026, with payment on or after July 10, 2026.
The dividend declaration signals management confidence in the company's financial health. Despite revenue decline, improved profitability and margins are positive signals. However, the contingent liability from the arbitration award could pose financial risk if the award is upheld.