Tata Power posts strong half-year profit despite arbitration award

Tata Power reported consolidated total income of ₹34,447.10 crore for the half-year ended September 30, 2025, an increase from ₹33,751.78 crore in the prior year period. Net profit after tax for the same period rose to ₹2,507.71 crore from ₹2,281.71 crore. Consolidated total comprehensive income also increased to ₹3,078.39 crore, compared to ₹2,330.49 crore in the previous half-year.

For the standalone results, total income for the half-year stood at ₹9,201.15 crore, down from ₹12,236.68 crore last year. Net profit after tax was ₹951.19 crore, compared to ₹1,745.65 crore in the same period last year. The board of directors approved these results on November 11, 2025.

The company also disclosed an unfavorable arbitration award of $490.32 million, plus costs and interest, from July and August 2025. Tata Power has filed an appeal to set aside the award and, based on legal advice, does not foresee an affirmative payment obligation, hence no provision has been recorded. Additionally, the company recognized regulatory assets of ₹267 crore and a tax expense of ₹67 crore in its consolidated financial results related to a Delhi Electricity Regulatory Commission prudence review.