Tata Power to post Q1 results as broker targets 34% profit jump
Tata Power will report first-quarter earnings on July 27, with analysts forecasting a sharp profit surge driven by improved plant economics and a new push into nuclear energy.
Tata Power will release its unaudited standalone and consolidated financial results for the quarter ended June 2026 on July 27. The company's trading window for securities has been closed since June 24 and will reopen 48 hours after the results are declared.
Investors will be watching for signs of a turnaround flagged by Motilal Oswal, which expects the Indian utility's profit after tax to surge roughly 34% year-on-year in the current financial year. The brokerage cites a sharp reduction in losses at the Mundra power plant to about ₹400 crore, down from nearly ₹1,000 crore in FY26, as a primary catalyst.
Additional earnings support is expected from higher realisations in its Indonesian coal business, where every $10 per tonne increase adds nearly 10% to net profit. The brokerage also pointed to continued strong profitability at TP Solar, driven by over 90% cell utilisation and third-party sales, alongside the commissioning of 2.0 to 2.5 GW of captive renewable capacity.
The upcoming report follows a record full-year performance for FY26, where Tata Power posted its highest-ever annual net profit of ₹5,118 crore, a 7% increase, while EBITDA rose 11% to ₹16,090 crore. In the final quarter of that year, consolidated net profit dipped 4% to ₹996 crore despite a 10% rise in EBITDA, as revenue fell 13% to ₹14,900 crore. Management attributed the underlying earnings strength to operational efficiencies across generation, transmission, and renewables.
Looking beyond the quarterly figures, the company's long-term trajectory has shifted with its planned entry into nuclear power. Tata Power will collaborate with the Nuclear Power Corporation of India Limited to develop a 440 MW Bharat Small Reactor project. Motilal Oswal noted this positions the company well as India targets 22 GW of nuclear capacity by FY32.
Management has laid out a roadmap to nearly double annual revenue to ₹1 lakh crore and lift net profit to ₹10,000 crore by 2030. Motilal Oswal reiterated its 'Buy' rating on the stock with a target price of ₹488 per share.
