Tata Power Company Ltd
Tata Power Company Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #8 of 23 in Power
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The short version
Tata Power aims to commission 2.5 to 3 gigawatts of renewable capacity in FY27 (own capacity), with a mix of solar and wind projects. Solar Manufacturing & Rooftop Growth: Strong profit growth seen; solar cell/module PAT rose to Rs.
From Tata Power Company Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Tata Power aims to commission 2.5 to 3 gigawatts of renewable capacity in FY27 (own capacity), with a mix of solar and wind projects.
- Next year (FY27), the company expects to execute about 2.5 gigawatts of renewable projects, focusing entirely on its own capacity after existing third-party projects conclude.
- Rooftop solar additions are expected to grow by 50-60% compared to last year, driven by improved supply chains and government utility-led schemes like Odisha's ULA.
- Revenue growth is supported by strong profitability in solar cell and module manufacturing, with margins expected to improve as plant operations stabilize.
2 more points from Tata Power Company Ltd's call on revenue
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Profitability & Margins
See what Tata Power Company Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Tata Power plans to spend ₹15,000-₹25,000 crores of CAPEX annually going forward while maintaining a conservative debt equity and debt to EBITDA profile.
- There is ongoing consideration and discussions regarding a wafer and ingot plant, with decisions on technology, equipment, size, and state incentives still underway.
- Renewables capacity addition is a key focus, with a target of commissioning around 2.5 GW of own capacity in FY'27 and potentially up to 3 GW.
- Projects under implementation include renewable projects and transmission line projects, essential for power evacuation.
2 more points from Tata Power Company Ltd's call on capex
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Top-ranked in Power
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Tata Power Company Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Tata Power has a pipeline of nearly 5.5 gigawatts of renewable projects to execute over the next two years (Page 13).
- The company targets commissioning about 2.5 gigawatts of renewable capacity in FY'27 for its own portfolio, with potential to go up to 3 gigawatts (Pages 12-13).
- Most third-party order books have been completed, and new projects starting now are primarily for Tata Power's own capacity (Page 12).
2 more points from Tata Power Company Ltd's call on order book
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Tata Power Company Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹14.9K Cr, net profit ₹1.4K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Tata Power Co.'s management said in earlier quarters
Others in Power this season
- GMR Urban (Q3 FY26)
Q3FY26 consolidated total income (revenue) increased 14% YoY to INR 20.0 billion (Page 10). Key investor presentation takeaways from GMR Power & Urban Infra Ltd
- CESC (Q3 FY26)
Consolidated Revenue for Q3 FY26: Rs 4,099 Cr, up 12% YoY from Rs 3,657 Cr in Q3 FY25 (Page 5). Key concall takeaways from CESC Ltd's Q3 FY26 earnings call…
- Power Grid Corpn (Q3 FY26)
40,000 crore annually from FY29 to FY36, with capitalization around Rs. Key concall takeaways from Power Grid Corpn's Q3 FY26 earnings call — and how it ranks…
- Adani Energy Sol (Q3 FY26)
Smart meter installations have crossed 92 lakh meters, with plans to complete balance meters (~1 crore total) in the next 12 months, ensuring strong revenue…
Potential multibaggers · Q2 FY27
Potential multibaggers in Power
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Tata Power Company Ltd Q3 FY26 results?
Tata Power aims to commission 2.5 to 3 gigawatts of renewable capacity in FY27 (own capacity), with a mix of solar and wind projects. Solar Manufacturing & Rooftop Growth: Strong profit growth seen; solar cell/module PAT rose to Rs.
What is Tata Power Company Ltd share price analysis?
Tata Power Company Ltd currently shows a neutral. The stock trades at a P/E of 31.2 with a market cap of ₹122,078 Cr. Investors should review the full earnings analysis for detailed insights.
Is Tata Power Company Ltd planning capital expenditure?
Tata Power plans to spend ₹15,000-₹25,000 crores of CAPEX annually going forward while maintaining a conservative debt equity and debt to EBITDA profile.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.