Press Release- Audited Financial Results for the year ended March 31, 2026
TATAPOWER · price
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Tata Power reported an all-time high FY26 PAT of ₹5,118 crore, up 7% YoY, with EBITDA of ₹16,090 crore growing 11% despite revenue declining 1% to ₹63,681 crore. Q4 FY26 PAT stood at ₹1,416 crore, up 8% YoY. The Board recommended dividend of ₹2.50 per share (vs ₹2.25 in FY25). Strong operational efficiency drove margin expansion, with Core Business delivering 13% revenue growth, 27% EBITDA growth, and 34% PAT growth. Renewables PAT rose 59% YoY to ₹1,994 crore, Solar Manufacturing PAT doubled to ₹857 crore, and Rooftop Solar PAT surged 150% to ₹499 crore. Odisha DISCOMs PAT grew 84% to ₹809 crore. Major developments include Mundra plant resuming operations under Section 11, and cross-border hydro projects in Bhutan (Dorjilung 1,125 MW and Khorlochhu 600 MW) progressing with World Bank and PFC financing.
Positive earnings growth and margin expansion despite flat revenue indicates strong operational efficiency. The 7% PAT growth and higher dividend signal healthy profitability, while rapid growth in renewables and solar manufacturing positions the company well for India's clean energy transition.