Tata Power Q4 Results 2026: Consolidated net profit rises 8% to ₹1415 crore, revenue falls 13%; dividend declared

Tata Power Q4 Results: Tata Group stock Tata Power Company posted its results for the quarter ended March 2026 after market hours today, 12 May. The company's consolidated net profit rose 8.3% to ₹1,415.52 crore in the March 2026 quarter versus ₹1,306.09 crore in the same quarter last year. Meanwhile, its revenue fell 13% to ₹14,900.20 crore from ₹17,095.88 crore in the March quarter last year. The company reported a 10% YoY rise in EBITDA to ₹4,216 crore during the March quarter.

Dividend: The company also recommended a final dividend of ₹2.50 per share of ₹ 1 each (@ 250%) to the Members for the financial year ended March 31, 2026.

The dividend recommended by the Board is subject to the approval of the Members at the forthcoming 107th Annual General Meeting ('AGM') of the Company scheduled to be held on Tuesday, July 7, 2026, the company added.

The dividend, if approved by the Members at the AGM, will be paid on or after Friday, July 10. Meanwhile, June 23 has been picked as record date for the dividend.

Full year performance: For the full financial year FY26, Tata Power reported its highest-ever annual PAT of ₹5,118 crore, registering a 7% YoY increase. EBITDA for the year rose 11% to ₹16,090 crore, while annual revenue stood at ₹63,681 crore.

The Tata Group company said its core business delivered 13% YoY growth in profit after tax during Q4FY26, led mainly by robust performance in generation, transmission and distribution, and renewables. Management also highlighted that improving electricity demand and India’s accelerating energy transition continue to create long-term opportunities for the business.

CEO and Managing Director Praveer Sinha said Tata Power continues to focus on long-term growth opportunities through clean energy expansion, transmission projects and distribution improvements across Odisha, Delhi and Mumbai. He added that rising electricity demand and India’s ongoing energy transition are expected to support future growth across rooftop solar, manufacturing and customer-centric energy solutions.

Other Q4 Highlights

The renewable energy business remained one of the biggest growth drivers for the company during the year. PAT from the renewables segment, before exceptional items, surged 59% YoY to ₹1,994 crore in FY26. During the March quarter alone, renewable business PAT stood at ₹406 crore.

Tata Power’s solar manufacturing operations also witnessed strong growth momentum. The company said FY26 PAT from the solar manufacturing business more than doubled to ₹857 crore, supported by ramp-up in module and cell manufacturing capacities as well as yields crossing 95%.

Meanwhile, the rooftop solar business delivered sharp growth, with annual PAT jumping 150% to ₹499 crore during FY26. The company has continued expanding its rooftop solar presence amid rising demand for decentralised clean energy solutions from residential and commercial consumers.

Tata Power’s transmission and distribution business also posted healthy growth during FY26. Annual PAT from the segment increased 49% YoY to ₹2,978 crore, reflecting operational improvements and stronger efficiencies across its distribution networks.

The Odisha discom business emerged as another key contributor, reporting an 84% rise in FY26 PAT to ₹809 crore. The company has been focusing on improving operational efficiencies, reducing losses and strengthening power distribution infrastructure in the state.

Investments and more

During FY26, Tata Power commissioned 2.5 GW of renewable energy capacity. With this addition, the company said its total renewable portfolio has reached 11.6 GW, including projects currently under construction.

The company also announced a major investment push in solar manufacturing. Tata Power said the board of Tata Power Renewable Energy has approved an investment of nearly ₹6,500 crore for setting up a 10 GW photovoltaic ingot and wafer manufacturing facility. The investment is aimed at deepening backward integration and strengthening the company’s domestic solar manufacturing ecosystem.

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