Tata Power Company Limited — Investor Meet, 09-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

The company posted strong Q3 EBITDA of Rs 3,913 Cr (+12% YoY) and PAT of Rs 1,194 Cr. Nine-month EBITDA rose to Rs 11,874 Cr (+12% YoY) and PAT to Rs 3,702 Cr (+7% YoY). Solar manufacturing, rooftop solar, and Odisha Discoms drove significant PAT growth, offsetting Mundra’s non-operation. Mundra’s resolution nears, targeting a plant restart soon. The company expects 2.7 GW renewable capacity additions this fiscal, aiming for 2.5-3 GW of its own next year. Distribution PPPs and small modular nuclear plants are also being explored. Financial health is conservative (Net Debt/EBITDA 3.4), with management confident in future growth.