Tata Power Q3 profit seen down 22%, generation volumes may remain sluggish

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26 Aug, 2025 12:21

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Tata Power Company's third quarter consolidated profit is expected to fall 22 percent to Rs 466 crore compared to Rs 599 crore in year-ago quarter.

Revenue from operations may grow 11 percent to Rs 7,445 crore compared to Rs 6,684 crore in same quarter last fiscal, according to average of estimates of analysts polled by CNBC-TV18.

Operating profit is likely to increase 15 percent year-on-year to Rs 1,611 crore and margin may expand 70 basis points to 21.6 percent in Q3.

Year-on-year profit comparison may not be valid due to (1) higher interest cost in Q3FY18 to fund renewable asset acquisition and (2) tax reversal in Q3FY17, despite stable operations in the core distribution business.

Analysts expect generation volumes to remain sluggish and realisations to remain flattish. They further expect coal business and renewable business to maintain strong momentum.

More than numbers, the Street will watch out for restructuring news. Tata Power had guided for simplification of group structure in FY18 at the beginning of the year.