Tata Power’s consolidated net profit for the October–December quarter of FY26 dropped by 25% year-on-year to Rs 772 crore, down from Rs 1,031 crore in the same period last year. The decline was attributed to lower revenues and stagnant power demand during the quarter.
The company’s revenue from operations in Q3 FY26 fell by 9% to Rs 13,948.41 crore compared to Rs 15,391.06 crore in the previous year’s quarter, as per its stock exchange filing. Total expenses also decreased by around 6% year-on-year to Rs 13,465.06 crore, according to regulatory filings.
Tata Power incurred a one-time exceptional expense of Rs 78 crore due to the implementation of new labor codes that came into effect last year. Despite flat power demand, the company reported a 1% increase in profit after tax to Rs 1,194 crore on an adjusted basis.
The company’s EBITDA rose by 12% to Rs 3,913 crore during the quarter, indicating operational strength across key segments. Praveer Sinha, CEO and Managing Director of Tata Power, highlighted strong execution and performance in generation, transmission, distribution, renewables, and manufacturing businesses during the third quarter.
