Synopsis: The shares of Tata Power were in the news today as the company announced its Q2 result, which highlighted the company’s net profit growth at 14 per cent YoY along with the plans of company to enter into wafer and ingot space.
The shares of this company, which is primarily involved in the business of the generation, transmission and distribution of electricity and aims to produce electricity completely through renewable sources, were in the spotlight today as the company declared its Q2 results along with its plan for expansion.
With a market cap of Rs 1,24,490 crore, the shares of Tata Power Company Ltd were trading flat at Rs 395.70 compared to its previous day closing price of Rs 395.60; the shares have given a return of 578 per cent over the last 5 years.
Q2 FY26 Result highlights.
The revenue from operation for the company stood at Rs 15,545 crore when compared to Rs 15,698 crore in Q2 FY25, falling by about 1 per cent on a YoY basis, and on a QoQ basis, it has fallen by 14 per cent from Rs 18,035 crore in Q1 FY26.
The PAT grew by about 14 per cent on a YoY basis when you compare the Q2 FY26 profit at Rs 1,245 crore to Rs 1,093 crore in Q2 FY25 and on a QoQ basis has fallen 1.3 per cent from Rs 1,262 crore in Q1 FY26.
Tata Power’s renewables business continued to deliver strong growth in Q2 FY26, with PAT rising 70 per cent to Rs 511 crore, EBITDA up 57 per percent to Rs 1,575 crore, and revenue increasing 8 per cent to Rs 3,613 crore, supported by solid performance in solar manufacturing and rooftop solar.
The company achieved a significant milestone in its solar cell and module manufacturing, producing 928 MW of cells and 970 MW of modules, including a record 809 MW of DCR modules, which is the highest ever in a single quarter.
In a major recognition, Tata power Solar earned Bloomberg NEF Tier-1 manufacturer status, further strengthening its position and growth prospects at the 4.3 GW Tirunelveli facility. The rooftop solar business also saw record traction, with an order book of Rs 1,116 crore and a network of 644 channel partners across India.
In the utilities segment, transmission PAT grew 41 percent to Rs 120 crore, while distribution PAT increased 34 percent to Rs 557 crore, reflecting expansion in Maharashtra, Goa, and Uttar Pradesh. On the clean energy front, Tata Power started work on the 600 MW Khorlongchu Hydro Project in Bhutan, where it holds a 40 per cent stake, and began construction of the 1,000 MW Bhivpuri Pumped Storage Project in Maharashtra to enhance the availability of reliable, round-the-clock green power.
Management Outlook
Company CEO Praveer Sinha announced in a media call that “We have decided to set up a 10 GW ingot and wafer plant. The location is yet to be decided. But things will be finalised in the next two months. We are analysing various aspects, such as the central government’s plan for fresh incentives to boost wafer and ingot manufacturing in India. Besides, the location will also be dependent on which state offers the most subsidy or support to set up such a plant.”
The action is noteworthy because India’s solar manufacturing sector currently has a sizable capacity for modules (at least 100 GW) and cells (27 GW), but it is still largely dependent on imports for upstream components like ingots and wafers (2.2 GW), which are essential for creating a fully integrated and independent solar supply chain. Through new incentives, the Union government hopes to increase solar component manufacturing.
Written by Leon Mendonca.
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
