Mumbai, February 4, 2026: The Tata Power Company Limited (BSE: 500400, NSE: TATAPOWER) today announced its consolidated and standalone financial results for the quarter and nine months ended December 31, 2025, following a Board of Directors meeting.
Financial Performance at a Glance (Consolidated)
For the quarter ending December 31, 2025 (Q3 FY26), the company reported a consolidated Total Income of ₹14,269 crore. Net Profit for the period stood at ₹1,194 crore. For the nine-month period (April-December 2025), Total Income was ₹48,716 crore with a Net Profit of ₹3,702 crore.
The company's operational segments showed robust performance. The Renewables segment continued its strong growth trajectory, while the Transmission and Distribution segment remained a steady contributor.
Key Operational Highlights and Developments
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Mundra Plant Update: Operations at the Mundra Power Plant remain temporarily suspended since July 3, 2025, for overhauling activities. The company is in discussions with power procurers for a Supplementary Power Purchase Agreement (SPPA).
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Regulatory Orders: Tata Power Delhi Distribution Limited (TPDDL) received tariff True-up orders from the Delhi Electricity Regulatory Commission (DERC) for FY22 and FY23, leading to the recognition of regulatory assets.
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Labour Code Impact: The notification of new Labour Codes has led to an additional provisioning of ₹78 crore (₹16 crore standalone) for employee benefits. A significant portion related to regulated business is considered a pass-through in tariffs.
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Growth Initiative: Subsequent to the quarter, the company acquired a 100% stake in Jejuri Hinjewadi Power Transmission Limited to bolster its transmission network.
Emphasis of Matter: Singapore Arbitration Award
The auditors' report draws attention to a significant contingent liability. The company received an unfavourable final arbitration award in Singapore in August 2025, directing it to pay approximately USD 490.32 million plus costs and interest to Kleros Capital Partners Limited.
Tata Power, based on legal counsel's advice, has filed an application with the Singapore International Commercial Court (SICC) to set aside the award. The company states it has "high probability of a favorable outcome" and does not foresee an affirmative payment obligation. Consequently, no provision has been made in the current financial results. The matter remains pending final adjudication.
Standalone Performance
On a standalone basis, the company reported a Net Loss of ₹160 crore for Q3 FY26, primarily impacted by the under-recovery at the Mundra Plant and lower other income compared to the previous quarter. For the nine-month period, standalone Net Profit was ₹791 crore.
Trading Window Closure
The company's trading window was closed from December 25, 2025, and reopened on February 7, 2026, in compliance with SEBI regulations.
CEO Commentary
"The quarter saw consistent performance across our growth businesses of Renewables and Transmission & Distribution. Our focus remains on executing our strategic transformation towards green energy while navigating near-term challenges. We are confident in our legal position regarding the arbitration matter and are taking appropriate steps to defend the company's interests," said Dr. Praveer Sinha, CEO & Managing Director, Tata Power.
The detailed results and auditor's reports are available on the company's website at www.tatapower.com and on the stock exchange platforms.
About Tata Power:
Tata Power is one of India's largest integrated power companies and is at the forefront of the country's clean energy transition. With a diverse portfolio spanning renewable and conventional power generation, transmission, distribution, and new energy solutions, the company is committed to powering sustainable growth for the nation.