India's Tata Power posts lower quarterly profit on plant shutdown

Tata Power

11/11/2025 13:16

Nov 11 (Reuters) - India's Tata Power TTPW.NS on Tuesday reported a drop in second-quarter profit, hurt by lower electricity generation after the shutdown of its Mundra plant.

Consolidated net profit fell to 9.19 billion rupees (about $105 million) in the quarter ended September 30 from 9.27 billion rupees a year earlier.

Revenue from operations fell 1% to 155.45 billion rupees.

For further results, (click here).

KEY CONTEXT:

According to analysts at Investec, Tata Power took a 61% hit to power generation in August from the shutdown of its Mundra plant in Gujarat, as the Ministry of Power did not extend subsidies and reimbursements for imported coal-based power plants beyond June end.

August peak power demand in India rose 5.9% year-on-year, ending a three-month downtrend due to early monsoons and lower summer temperatures. The rise was driven by growth in commercial and industrial power consumption.

Overall power generation increased by 5.6% in August, aided by a 36% increase in renewable power and a 9.4% rise in hydroelectric power generation.

     PEER COMPARISON

Valuation (next 12 months)
Estimates (next 12 months)
Analysts' sentiment
RIC
PE
EV/EBITDA
Revenue growth(%)
Profit growth(%)
Mean rating*
No. of analysts
Stock to price target**
Div yield (%)
Tata Power Company Ltd
TTPW.NS
25.05
12.02
9.95
14.07
HOLD
21
0.95
0.57
Torrent Power Ltd
TOPO.NS
20.91
10.29
9.55
1.76
HOLD
10
0.90
1.58
NTPC Ltd
VOLT.NS
13.50
9.32
6.29
4.24
BUY
15
0.81
2.46
CESC Ltd
CESC.NS
13.88
8.47
8.72
11.22
STRONG BUY
10
0.80
-

      * Mean of analysts' ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** Ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

     JULY-SEPT STOCK PERFORMANCE

($1 = 87.8950 Indian rupees)

TTPW https://tmsnrt.rs/48PiQns

 (Reporting by Mridula Kumar; Editing by Eileen Soreng)

 ((Mridula.Kumar@thomsonreuters.com;))