Overview
- Tata Power reported total income of Rs 14,269 crore for Q3, down about 10% year on year, according to its regulatory filing.
- The quarter’s net profit remains unclear, with the filing showing Rs 1,194 crore while several outlets reported about Rs 771–772 crore without a reconciliation.
- Management said the Mundra thermal plant did not operate in the quarter and recorded a one‑time Rs 78 crore expense tied to new labour codes.
- Renewables execution accelerated, with a record ~1.3 GW delivered in Q3 and cumulative EPC crossing 10 GW, alongside strong solar cell and module output.
- Brokerages cut target prices and the stock fell about 2% on Thursday, while peer Suzlon posted a 15% Q3 profit rise to Rs 445 crore on 42% higher revenue and record 617 MW deliveries.