Tata Power Posts Higher Second-Quarter Profit As Mundra Plant Resumes Work

Tata Power reported a 32 percent increase in net profit to ₹1,652 crore for the quarter that ended in September. Revenue from operations went up by 26 percent to reach ₹19,635 crore compared to the same period last year.

Financial Details

Total income grew to ₹19,964 crore from ₹16,050 crore a year ago. Earnings before interest, taxes, depreciation and amortisation rose 5.3 percent to ₹4,245 crore. Profit before exceptional items and tax went up by 22.7 percent to ₹2,060.67 crore. Total expenses increased to ₹18,640 crore from ₹14,723 crore. For the first half of the financial year, net profit reached ₹3,052.90 crore, up from ₹2,507.71 crore previously.

Segment Performance And Leadership

Thermal and hydro operations drove the growth, with earnings surging 158.3 percent to ₹1,066.66 crore. This improvement came after operations resumed at the Mundra power plant following a temporary shutdown in July 2025 due to technical issues. Renewable energy earnings grew 7.9 percent to ₹1,230.14 crore, while transmission and distribution earnings dropped 3.4 percent to ₹986.64 crore. In leadership updates, the company appointed Sanjay Banga as chief executive officer and managing director for a five-year term starting May 1, 2027.

Legal And Asset Actions

A Singapore court-appointed sheriff moved to attach Tata Power shares in two wholly owned subsidiaries, Tata Power International Pte Ltd and Bhira Investments Pte Ltd, valued at up to S$830.77 million, after notices were served on November 6. This follows a Singapore court order enforcing an arbitration award that directs the firm to pay Kleros Capital Partners $490.32 million in damages, plus interest and costs. The Singapore International Commercial Court rejected a company challenge to the award in August 2026. Tata Power has filed an appeal with a hearing set for January 19, 2027, and plans to challenge the attachment to prevent any share sales before the appeal concludes.

Context

Large energy companies often handle complex legal disputes across international borders while managing heavy infrastructure assets and power plants. Quarterly earnings reports give investors a clear picture of how different business segments like renewable and thermal energy perform against rising operational costs.