Tata Power Company Limited — Investor Meet, 15-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Tata Power reported strong Q4 and FY'26 performance. Full-year PAT surpassed INR 5,000 Cr for the first time, with EBITDA up 11% to INR 16,090 Cr. Q4 PAT rose 8% to INR 1,416 Cr. Growth was driven by solar manufacturing, rooftop solar, and Odisha DISCOMs. The Mundra SPPA with Gujarat is finalized, with other states soon to follow, and coal costs are pass-through. FY'27 capital expenditure is guided at INR 25,000 Cr, focusing on 2 GW of new renewable capacity (1.5-1.8 GW solar) and infrastructure. Tata Projects is expected to turn profitable in FY'27. Management expressed confidence in disciplined growth, strategic execution, and strong prospects across all business segments.