India's Tata Power quarterly profit slips as Gujarat plant shutdown hits output

Tata Power

12/05/2026 12:50

May 12 (Reuters) - India's Tata Power TTPW.NS reported a 4.5% drop in fourth-quarter net profit on Tuesday, hurt by a weakness in the hydro and thermal-power segment due to the shutdown of a key plant in the western state of Gujarat.

Consolidated net profit for the Tata Group firm fell to 9.96 billion rupees ($104.2 million) from 10.43 billion rupees a year ago, led by the hydro and thermal power segment's 39% profit drop

Tata Power's revenue from operations fell about 13% to 149 billion rupees, while expenses dropped by 8%

The 4-gigawatt imported coal-fired Gujarat plant, which had not been operational since August last year after the government ⁠withdrew emergency compensation to companies for generating power using expensive imported coal, resumed operations in April

In March, India directed the company to run the plant at full capacity from April 1 to June 30, citing higher summer demand, according to a government order seen by Reuters

Domestic coal remained relatively more attractive as disruptions in liquefied natural gas supply and reduced gas-based power generation are expected to boost reliance on coal for power generation

Forecasts of a strong El Nino weather pattern are likely to bring hotter and drier conditions across Asia in the summer

($1 = 95.6275 Indian rupees)

 (Reporting by Urvi Dugar in Bengaluru)

 ((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;))