Tata Power Q4 results: Net profit declines 4% YoY to ₹996 crore, revenue falls 13%; dividend recommended

In the corresponding period of the previous fiscal year, the firm had clocked a profit of ₹1,043 crore, according to a regulatory filing.

The bottom line was impacted by the temporary suspension of operations of the Mundra Power Plant from July 3, 2025, due to the pending overhauling activities aimed at resolving the technical issues.

On March 23, 2026, the plant executed the supplementary power purchase agreement (SPPA) with Gujarat Urja Vikas Nigam Limited (GUVNL), effective April 1, 2025, with a revised tariff and power supply framework.

The Ministry of Power (MoP) issued fresh directions under Section 11 permitting plant operations from April 1 to June 30, 2026, with the terms of SPPA, during which period management expects completion of the SPPA with the other procurers, Tata Power noted.

Its revenue from operations slipped 12.8% YoY to ₹14,900 crore during the quarter under review, as against ₹17,096 crore in the fourth quarter of the 2024-25 fiscal year (Q4 FY25).

Dividend recommended

Tata Power’s board of directors also recommended a final dividend of ₹2.50 per equity share with a face value of ₹1 each (250%) for the financial year ended March 31, 2026.

The dividend is subject to approval by members at the 107th Annual General Meeting scheduled on July 7, 2026.

Furthermore, it fixed Tuesday, June 23, 2026, as the record date for the same.

What the CEO said

Commenting on the earnings, Dr. Praveer Sinha, CEO and Managing Director of Tata Power, said: “This quarter and year reflect our sustained focus on creating long-term value through disciplined growth, operational excellence, and strategic partnerships. The addition of new clean energy assets, steady progress in TBCB projects, continued improvement in Distribution businesses in Odisha, Delhi & Mumbai and strengthening of cross-border regional energy collaboration, underscore our commitment to building a more resilient energy future.”

He further stated that as electricity demand continues to rise and peak requirements are projected to reach 270 GW during the year, energy security and reliability remain critical priorities.

Sinha added that Tata Power remains focused on rooftop solar solutions, manufacturing-linked self-reliance, and deeper backward integration, which will play a key role in enabling dependable and future-ready energy systems, driving the company’s growth.

“Aligned with India’s clean energy ambitions, we continue to strengthen our capabilities across generation, transmission, distribution and customer-centric solutions thereby building a greener and smarter tomorrow,” he said.

Shares of the Tata Group firm closed 3.42% lower at ₹418.40 per unit on the National Stock Exchange (NSE) on Tuesday, ahead of the earnings announcement.

Tata Power Company has a total market capitalisation of ₹1.34 lakh crore as of May 12, 2026, according to data on the NSE.