Tata Power's Q2 profit jumps 48.6%, capex and renewable goals kept
Tata Power's Q2 FY27 net profit rose 48.6%, its FY27 capex and renewable targets stayed in place, and Sanjay Banga was named CEO-designate, per TradingView.
- published on Newsmetry
- original source published
the same feed is available to bots and dashboards through the api. connect the api →
what happened
Tata Power reported a 48.6% jump in net profit for the second quarter of FY27, reaching Rs 1,366 crore. Revenue grew 26.3% to Rs 19,636 crore, while operating profit climbed 11% to Rs 3,917 crore, according to TradingView's summary of the company's report.
The company kept its FY27 capex guidance at Rs 25,000 crore and its plan to add 2.5 GW of renewable capacity, with 25% of that achieved in the first half. It aims to reach 12.2 GW of renewable capacity by FY28.
Management also named renewables head Sanjay Banga as additional director and CEO-designate. Subject to shareholder approval, he will become managing director and CEO for five years starting May 1, 2027. Motilal Oswal set a target price of Rs 440 for the stock. The pumped-storage pipeline includes the 1,000 MW Bhivpuri project, targeted for the first half of 2029, and the newly approved 1,800 MW Shirota project, slated for 2031.
why it matters
Strong profit growth alongside unchanged capex and renewable goals suggests the expansion plan is on schedule. For investors tracking India's power sector, the leadership change and the storage pipeline also matter. The brokerage's target price reflects its own valuation view rather than a market fact.
market impact
Tata Power shares: strong results support the stock, CEO change is a longer-term factor
- Tata Power shares pressure up — profit and revenue growth supports investor interest in the stock
tags
instruments
sources
- Key facts: Profit up 48.6%; FY27 targets retained; Banga CEO-designate — TradingView, 13 November 2026 at 02:00 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
alerts on your topics, the morning digest and the api — in your account.
get stories in real time ↗