Shares of Tata Power Company Limited slid to a day low of Rs 390.80 on NSE on 13 May after the company posted a weak set of Q4 FY26 results, with both revenue and profit declining year on year.

In an exchange filing on 12 May, the Mumbai-based power major disclosed a 4.5% drop in consolidated net profit to Rs 996 crore for the January-March quarter, against Rs 1,043 crore a year ago. Revenue from operations fell 12.8% to Rs 14,900 crore from Rs 17,096 crore in Q4 FY25. The shortfall was steep.

The drag came largely from the Mundra Power Plant, which remained suspended from 3 July 2025 for overhauling and technical repairs. Operations resumed from 1 April 2026 after Tata Power signed a supplementary power purchase agreement with Gujarat Urja Vikas Nigam Limited on 23 March, with a revised tariff framework. The Ministry of Power has sanctioned plant operations through 30 June 2026.

Away from Mundra, the picture was considerably brighter. The firm’s renewable energy arm posted full-year PAT of Rs 1,994 crore, up 59% year on year, while the rooftop solar business crossed 3.7 lakh installations and 4.8 GWp of cumulative capacity, with PAT rising 150% for FY26 to Rs 499 crore. Solar cell and module manufacturing more than doubled its annual PAT to Rs 857 crore. The board has recommended a final dividend of Rs 2.50 per share, subject to shareholder approval at the AGM on 7 July 2026, with 23 June fixed as the record date.

For the full year FY26, consolidated net profit fell 5.6% to Rs 3,747 crore while revenue declined 4.7% to Rs 62,429 crore.

At 10:22 am on 13 May, shares of TATAPOWER were trading at Rs 403.25, down by 3.62% on NSE, against a previous close of Rs 418.40. The stock’s 52-week high stands at Rs 464.90, touched on 28 April 2026.

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