Business · India Bureau
Tata Power Q2 profit surges 33% as revenue crosses ₹19,800 crore
India's leading integrated power company reported stronger-than-expected earnings for the second quarter of FY27, driven by robust operational performance across its generation and distribution businesses. The board simultaneously approved a major ₹11,871-crore investment in a pumped storage hydroelectric project in Maharashtra.
LSN India ·
Tata Power's consolidated net profit climbed 33 per cent to ₹1,652 crore in Q2 FY27, significantly outpacing broader market growth, according to the company's latest financial disclosures. The profit surge was underpinned by revenue growth of 26 per cent, which reached ₹19,886 crore during the quarter ended September 30, 2026.
The company's renewable energy portfolio expanded materially during the period, with total renewable capacity now standing at 8.6 gigawatts. This expansion reflects Tata Power's strategic pivot towards clean energy generation amid India's accelerated transition away from fossil fuels.
In a significant capital deployment decision, the company's board of directors approved investment in a 1,800-megawatt pumped storage hydroelectric project located in Maharashtra. The project, valued at ₹11,871 crore, represents one of the largest renewable infrastructure commitments by the utility and aligns with the central government's renewable energy targets.
The project is expected to bolster Tata Power's generation capacity while addressing India's growing energy storage requirements, a critical component of grid stability as renewable penetration increases. Industry analysts view pumped storage as a key technology for managing variable renewable output.