Tata Power profit rises 33% to record ₹1,652 crore

Tata Power Company Limited (NSE: TATAPOWER) reported a strong Q2 FY27 performance, with consolidated revenue increasing 26% YoY to ₹19,886 crore. Reported net profit increased 33% to ₹1,652 crore, compared with ₹1,245 crore in the corresponding quarter last year. Key Highlights • Revenue increased 26% YoY to ₹19,886 crore. • Reported net profit grew 33% to ₹1,652 crore. • EBITDA increased 5.3% to ₹4,245 crore. • Profit before exceptional items and tax increased 22% to ₹2,061 crore. • The company recorded an exceptional gain of approximately ₹119 crore. • Renewable energy capacity reached 8.6 GW, including 765 MW added during H1 FY27. • Capital expenditure reached approximately ₹10,000 crore in H1 FY27. My View Tata Power delivered strong revenue growth, supported by its generation, renewables and transmission businesses. However, EBITDA growth of just 5.3% compared with 26% revenue growth highlights pressure on operating profitability. The reported profit growth also benefited from an exceptional gain, making underlying earnings growth an important metric to track. The company's investments in rooftop solar, renewable energy, battery storage and pumped hydro projects provide significant long-term growth opportunities. What I'm Watching Next I will monitor renewable capacity additions, operating margins, project execution and debt levels. The key question is whether Tata Power can convert its aggressive capital expenditure into sustainable earnings and cash flow growth. Stance: Cautiously positive. Strong revenue growth and renewable energy expansion are encouraging, but operating margin pressure and capital expenditure returns require attention. Disclosure: I do not have any holding or position in the stock mentioned above. TATAPOWER