Tata Power Q3 Results OUT: Profit falls 25%, revenue drops 9%

Tata Power Q3 Results: Tata Power Company Ltd on Wednesday reported a year-on-year decline in revenue and profit for the December quarter, as lower operating income weighed on earnings.

Revenue and profit fall in Q3

The Tata Group company’s total income declined to Rs 14,269.08 crore in the third quarter, compared with Rs 15,793.43 crore in the same period last year.

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Net profit for the quarter fell to Rs 771.98 crore from Rs 1,030.70 crore a year earlier.

Revenue from operations dropped 9.4 per cent year-on-year to Rs 13,948 crore, against Rs 15,391 crore in the corresponding quarter of the previous financial year.

EBITDA slips, margins steady

EBITDA declined 9 per cent to Rs 3,055 crore from Rs 3,353 crore last year. Despite the fall in operating profit, margins remained largely stable. EBITDA margin stood at 21.9 per cent, slightly higher than 21.8 per cent in the year-ago quarter.

Mundra plant remains shut

Operations at the Mundra Power Plant continue to remain temporarily suspended since July 3, 2025, due to overhauling activities. The company said it is in discussions with power procurers for a Supplementary Power Purchase Agreement.

Regulatory orders provide support

Tata Power Delhi Distribution Limited received tariff true-up orders from the Delhi Electricity Regulatory Commission for FY22 and FY23. This led to the recognition of regulatory assets during the quarter.

Labour codes add to costs

The notification of new labour codes resulted in additional provisioning of Rs 78 crore for employee benefits, including Rs 16 crore at the standalone level. The company said a significant portion of this impact relates to regulated businesses and is expected to be a pass-through in tariffs.

Transmission expansion after quarter-end

After the end of the quarter, Tata Power acquired a 100 per cent stake in Jejuri Hinjewadi Power Transmission Limited. The move is aimed at strengthening its transmission network and supporting long-term growth.