MUMBAI, India — Tata Power reported a 4.5% decline in consolidated net profit for the fourth quarter of fiscal 2026, even as the company posted record annual earnings and recommended a final dividend.
The Tata Group power company said Tuesday that net profit fell to 9.96 billion rupees for the January-March quarter, compared with 10.43 billion rupees in the same period a year earlier.
Revenue from operations declined 12.8% year over year to 149 billion rupees from 170.96 billion rupees, according to a regulatory filing.
Tata Power’s board recommended a final dividend of 2.50 rupees per equity share, with a face value of 1 rupee each, for the financial year ended March 31, 2026. The proposed dividend is subject to shareholder approval at the company’s 107th annual general meeting, scheduled for July 7, 2026.
The company set June 23, 2026, as the record date for determining shareholder eligibility for the dividend payment.
Despite the weaker quarterly results, Tata Power reported its highest-ever annual profit after tax for fiscal 2026 at 51.18 billion rupees, up 7% from the previous year. Annual EBITDA rose 11% to 160.9 billion rupees, while total revenue for the year stood at 636.81 billion rupees.
The company said profit after tax from its core businesses rose 13% year over year in the fourth quarter, supported by strong operating performance across generation, transmission and distribution, as well as renewable energy operations.
Tata Power management said rising electricity demand in India and the country’s energy transition are expected to create long-term growth opportunities across several parts of the business.
Praveer Sinha, CEO and managing director of Tata Power, said the company remains focused on expanding its clean energy portfolio, strengthening transmission infrastructure and improving distribution operations in Odisha, Delhi and Mumbai. (Source: IANS)
