Tata Power shares rise after second-quarter profit jumps 49%
Tata Power's consolidated net profit rose nearly 49% in fiscal Q2 FY27. Citi keeps its Buy rating, while JPMorgan and CLSA stay cautious on valuation and margins.
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what happened
Tata Power shares gained 1.4% to Rs 365 in early trade on Thursday. The company earlier reported that consolidated net profit for the fiscal second quarter rose 48.6% year on year, to Rs 1,366 crore. Revenue from operations climbed 26.3%, to Rs 19,636 crore. The figures come from TradingView, citing Moneycontrol.
The gains were supported by a recovery at the 4 GW Mundra thermal plant, larger contributions from Indonesian coal associates and better results in renewables. Citi said profit beat its estimates by 9%, while JPMorgan and CLSA flagged risks tied to valuation, renewable project execution and margin pressure.
why it matters
Investors will watch the timing of new renewable capacity, which Citi said has been pushed toward the second half of FY27, and a Singapore case involving a $650 million contingent liability. The company kept its FY27 capex guidance of Rs 25,000 crore and its target of commissioning 2.5 GW of renewable capacity this year. It also named Sanjay Banga as CEO and managing director from May 1, 2027.
market impact
Tata Power shares: stronger profit supports the stock, but analysts are cautious on valuation
- Tata Power shares mixed — profit above expectations supports the stock, while valuation and margin risks weigh on it
tags
instruments
sources
- Tata Power shares rise after Q2 profit jumps 49%; brokerages eye growth prospects amid execution risks — TradingView, 12 November 2026 at 03:59 UTC
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