Tata Power Q1FY27 profit rises 11% to ₹1,400.86 crore as TP Solar PAT jumps 287% to ₹371 crore
Tata Power reported Q1FY27 consolidated profit up 11% on 5.6% revenue growth, led by a sharp solar manufacturing turnaround and improved thermal results after Mundra's restart. However, leverage ticked higher and the firm disclosed an unprovided USD 490.32m arbitration award under appeal, alongside plans for private NCD issuance that could affect capital structure. Market impact is likely localized to Indian equities/credit rather than broad global assets.
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Tata Power reported consolidated net profit of ₹1,400.86 crore for Q1FY27, up 11% year on year, while revenue from operations rose 5.6% to ₹19,051.26 crore. Its solar manufacturing arm TP Solar posted a 287% jump in profit after tax to ₹371 crore, producing 1,001 MW of modules with a 96.3% yield. The Thermal & Hydro segment improved after the Mundra Power Plant resumed operations from April 1, 2026, lifting segment results to ₹1,098.24 crore. The company also disclosed an arbitration award of USD 490.32 million plus interest and said it plans to consider raising funds through privately placed NCDs.