Tata Power shares decline 7% as Q4 revenue drops 13% YoY; here’s what analysts said

At around 11:20 AM, the stock was trading 1.79% lower at ₹410.90 per equity share.

The scrip has declined 9% in the past week and 1% over the month. However, on a year-to-date basis, it has jumped 6%.

While the share hit a 52-week high of ₹464.90 per unit on April 28, 2026, it touched a year’s low of ₹342.50 on January 27, 2026.

Tata Power Q4 results

The Tata group firm posted a 4.5% year-on-year (YoY) fall in its consolidated net profit (attributable to the owners of the company) to ₹996 crore in the March quarter of the 2025-26 financial year (Q4 FY26), compared to ₹1,043 crore in the year-ago period.

Its revenue from operations dropped 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), according to a regulatory filing dated May 12.

The bottom line was impacted by the temporary suspension of operations of the Mundra Power Plant from July 3, 2025, due to pending overhauling activities aimed at resolving 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, subject to the terms of the SPPA, during which period management expects completion of the SPPA with the other procurers, Tata Power noted.

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.”

Tata Power recommends ₹2.5/share final dividend; check record date

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 set Tuesday, June 23, 2026, as the record date for the same.

What analysts said

Analysts at CLSA said that Tata Power saw a weak year-end. During the latest March quarter, while the Mundra IPP (independent power producer) and solar EPC (engineering, procurement, and construction) disappointed, coal mines shone.

In FY26, Mundra IPP’s loss and slower solar EPC and renewable energy (RE) IPP hurt the Tata group company. However, the analysts added that the worst was behind. The firm’s non-fossil energy business saw a weak RE IPP and a weakening solar EPC.

Tata Power has a total market capitalisation of ₹1.31 lakh crore as of May 13, 2026, according to data on the NSE.