Tata Power share price: Q2 results strong but focus on Kleros settlement, CEO transition
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Tata Power shares will be in focus on Thursday, November 12, after the company reported strong Q2FY27 results.
- ✓Net profit jumped 48.6% to ₹1,366 crore.
- ✓The firm also announced that Sanjay Banga will become CEO on May 1, 2027.
Story at a Glance
- Category
- Indian Markets
- Reported By
- cnbctv18
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Shares of Tata Power Company Ltd. will be in focus on Thursday, November 12, after the company reported better-than-expected Q2FY27 results, announced a leadership transition and reiterated its ambitious FY30 growth targets.
Tata Power reported a strong set of Q2FY27 numbers, with revenue, EBITDA and net profit registering healthy year-on-year growth, although EBITDA margins moderated during the quarter.
Revenue increased 27.1% to ₹19,636 crore from ₹15,444 crore in the corresponding quarter last year. EBITDA rose 11.1% to ₹3,667 crore from ₹3,302 crore, while EBITDA margin declined to 18.7% from 21.2%.
Net profit jumped 48.6% to ₹1,366 crore compared with ₹919 crore in the year-ago quarter. The reported profit also included a one-time gain of ₹119.2 crore.
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