India's Tata Power down 7% after quarterly profit fall

Tata Power

13/05/2026 05:18

** Shares of India's Tata Power Company TTPW.NS fall as much as 6.55% to 391 rupees in pre-open trade, largest intraday pct drop since June 2024

** TTPW last down 4.7%

** Integrated power company's fourth-quarter profit fell by 4.5% y/y, rev fell by 13% y/y

** Goldman Sachs ("sell") says miss primarily driven by lower renewables generation, reduced plant efficiency and weaker contributions from JVs

** J.P. Morgan ("neutral") says losses from key Mundra plant shutdown largely offset by strong growth in rooftop solar; distribution businesses in Odisha and Delhi

** TTPW on avg rated "buy" by 24 analysts; median PT is 434.50 rupees - LSEG data

** TTPW up 2.1% YTD

 (Reporting by Abhirami G in Bengaluru)

 ((abhirami.g@thomsonreuters.com))