Tata Power reported a record second-quarter profit on Wednesday, 11 November 2026, as a recovery at its Mundra power plant and growth in its solar business lifted earnings sharply. Consolidated net profit rose nearly 49% to Rs 13.66 billion ($145.71 million) in the quarter ended 30 September, from Rs 9.19 billion a year earlier, according to [Reuters](https://www.reuters.com/business/energy/indias-tata-power-q2-profit-rises-mundra-plant-turnaround-solar-business-2026-11-11/). Revenue from operations rose 26.3% to Rs 196.36 billion. ## Mundra recovery drives the jump A recovery at Tata Power's 4-gigawatt Mundra coal-fired plant in Gujarat provided a significant boost to earnings. The plant was shut during the year-ago quarter, which made the comparison particularly favourable. Total expenses rose 26.6% to Rs 186.41 billion, broadly in line with revenue growth. ## Solar and renewables keep growing Tata Power's renewable energy business, its second-largest by revenue, recorded a 7.9% rise in profit, supported by capacity expansion, improved margins and momentum in rooftop solar installations. The company plans to add 2.5 gigawatts of renewable energy capacity in fiscal 2027. Chief executive Dr Praveer Sinha said the company delivered its highest-ever quarterly profit, with strong contributions from all businesses, [Upstox](https://upstox.com/news/market-news/earnings/tata-power-q2-fy-27-results-net-profit-increases-to-1-366-crore-yo-y-margin-dips-to-18-7/article-203311/) reported. ## Margins narrow despite profit record Operating profit rose 11% to Rs 3,668 crore from Rs 3,302 crore a year earlier, but the EBITDA margin narrowed to 18.68% from 21.24%. The results, reported on 11 November 2026, underline how India's largest integrated power company is balancing its coal-fired base with a fast-growing renewables portfolio.