Tata Power Company's Q2 FY 2025-26 Quarterly Results

Result Summary

• Tata Power Company Ltd reported a 12.8% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 1.0%.
• Its expenses for the quarter were down by 9.9% QoQ and up 4.6% YoY.
• The net profit decreased 1.3% QoQ and increased 13.9% YoY.
• The earnings per share (EPS) of Tata Power Company Ltd stood at 2.88 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Tata Power Company Ltd is a leading integrated power company in India, involved primarily in the generation, transmission, and distribution of electricity. It is a part of the Tata Group, one of India's largest and oldest conglomerates. The company operates in various segments, including thermal, hydroelectric, and renewable energy power plants across India. Tata Power has been actively expanding its renewable energy portfolio, aligning with global sustainable energy trends. Recent developments involve strategic partnerships and projects focused on increasing the capacity of renewable energy sources, like solar and wind power. However, detailed recent developments from the past year are not available in the provided data.

Revenue

In the second quarter of the fiscal year 2026 (Q2FY26), Tata Power Company Ltd reported a total income of ₹16,050.32 crores. This represents a quarter-over-quarter (QoQ) decrease of 12.8% compared to the first quarter of fiscal year 2026 (Q1FY26), where total income was ₹18,396.78 crores. Year-over-year (YoY), the total income decreased slightly by 1.0% from ₹16,210.80 crores in the second quarter of fiscal year 2025 (Q2FY25). These figures indicate that the company's revenue has experienced a contraction both on a sequential and annual basis in this quarter.

Profitability

For Q2FY26, Tata Power's profit before tax was reported at ₹1,550.82 crores, reflecting a 4.1% increase QoQ from ₹1,489.83 crores in Q1FY26 and a marginal 0.8% rise YoY from ₹1,537.79 crores in Q2FY25. After accounting for tax expenses, the profit after tax for Q2FY26 stood at ₹1,245.39 crores, slightly decreasing by 1.3% QoQ from ₹1,262.32 crores in Q1FY26 but showing a significant YoY increase of 13.9% from ₹1,093.08 crores in Q2FY25. This indicates that while the pre-tax profit has grown, tax expenses have had a considerable impact on the net profitability, especially when viewed in comparison to last year where tax expenses were significantly higher.

Operating Metrics

The total expenses for Tata Power in Q2FY26 amounted to ₹14,723.66 crores, which is a 9.9% decline QoQ from ₹16,336.19 crores in Q1FY26. However, there is a 4.6% increase YoY from ₹14,082.46 crores in Q2FY25. The earnings per share (EPS) for Q2FY26 was ₹2.88, showing a decrease of 13.0% QoQ from ₹3.31 in Q1FY26 and a slight decline of 0.7% YoY from ₹2.90 in Q2FY25. These metrics suggest changes in operational efficiency and shareholder value, as reflected by the adjustments in expenses and EPS over the various periods.