Tata Power shares declined around 2% in trade after the company released its consolidated financial results for the third quarter (Q3 FY26, October-December 2025). The performance reflected a notable year-on-year drop in key metrics, primarily due to factors such as the shutdown of the Mundra thermal plant impacting the thermal segment.
Key Financial Highlights from Q3 FY26
- Revenue from operations decreased 9.38% to Rs 13,948.41 crore compared to Rs 15,391.06 crore in Q3 FY25.
- EBITDA fell 8.87% to Rs 3,054.91 crore from Rs 3,352.6 crore.
- EBITDA margin showed a slight improvement, rising 11 basis points to 21.9% from 21.78%.
- Net profit declined 25.1% to Rs 771.98 crore versus Rs 1,030.7 crore in the year-ago quarter.
The consolidated figures point to pressure on the top line and bottom line, with the thermal business facing challenges from plant closure and lower contributions in certain areas.
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