Tata Power Q2 profit jumps 32% to ₹1,652 crore

Tata Power reported a 32% year-on-year (YoY) increase in consolidated net profit to ₹1,652 crore for the quarter ended September, supported by a 26% rise in revenue from operations to ₹19,635 crore.Total income rose to ₹19,964 crore from ₹16,050 crore a year ago. Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 5.3% to ₹4,245 crore, while profit before exceptional items and tax rose 22.7% to ₹2,060.67 crore. Expenses climbed to ₹18,640 crore from ₹14,723 crore.For the first half of FY27, consolidated net profit increased to ₹3,052.90 crore from ₹2,507.71 crore in the corresponding period last year.Among segments, thermal and hydro operations led growth, with earnings surging 158.3% to ₹1,066.66 crore in Q2. The company attributed the improvement to the resumption of operations at its Mundra power plant, which had temporarily shut down in July 2025 due to technical issues.Renewable energy earnings rose 7.9% to ₹1,230.14 crore, while transmission and distribution earnings declined 3.4% to ₹986.64 crore.Separately, Tata Power announced the appointment of Sanjay Banga as chief executive officer and managing director for a five-year term beginning May 1, 2027.Singapore court battleMeanwhile, a Singapore court-appointed sheriff has moved to attach Tata Power’s shares in two wholly owned subsidiaries, Tata Power International Pte Ltd and Bhira Investments Pte Ltd, valued at up to S$830.77 million. The attachment notices were served on November 6.The move follows a Singapore court order enforcing an arbitration award directing Tata Power to pay Kleros Capital Partners $490.32 million in damages, besides interest and costs.The Singapore International Commercial Court rejected Tata Power’s challenge to the award in August 2026. The company has appealed, with the next hearing scheduled for January 19, 2027. It said it would challenge the attachment and seek to prevent any sale of the shares until the appeal is decided. Published - November 11, 2026 09:03 pm IST