Tata Power's second quarter profit rises 32 per cent to ₹1,652 crore

Tata Power has announced that for the second quarter ended in September, the company's adjusted net profit reached ₹1,652 crore, marking a 32 per cent annual increase. According to a report by The Business News, revenue from operations increased by 26 per cent, recording ₹19,635 crore.

The company's total revenue increased to ₹19,964 crore this year from ₹16,050 crore last year. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 5.3 per cent to ₹4,245 crore, while profit before exceptional items and tax increased 22.7 per cent to ₹2,060.67 crore. However, the company's expenses also saw an increase, rising to ₹18,640 crore from ₹14,723 crore last year.

Looking at the first six months of the financial year 2027, the company's adjusted net profit increased to ₹3,052.90 crore from ₹2,507.71 crore in the same period last year. Growth was observed across various segments due to thermal and hydro operations, with revenue increasing 158.3 per cent to ₹1,066.66 crore. The company attributed this improvement to the resumption of operations at the Mundra power plant, which had been temporarily shut down in July 2025 due to technical issues.

The company's renewable energy revenue increased by 7.9 per cent to ₹1,230.14 crore, while transmission and distribution revenue decreased by 3.4 per cent to ₹986.64 crore. Meanwhile, Tata Power has announced the appointment of Sanjay Banga as Chief Executive Officer (CEO) and Managing Director for a period of five years effective from 1 May, 2027.

On the other hand, proceedings have been initiated to seize shares of two wholly-owned subsidiaries of Tata Power, Tata Power International Pte Ltd and Bhira Investments Pte Ltd, by a sheriff appointed by a Singapore court, which could be valued at up to S$830.77 million. This notice was issued on 6 November. This step has been taken due to the enforcement of an ADBORD award, in which Tata Power was ordered to pay $490.32 million in damages to Claros Capital Partners, in addition to interest and costs. The Singapore International Commercial Court dismissed Tata Power's challenge against this award in August 2026. The company has appealed against this, and the next hearing is scheduled for 19 January, 2027. The company stated that they will challenge this seizure and will attempt to stop the sale of shares until the decision on the appeal is received.