Tata Power Q2 profit jumps 49%, shares rise 1.4%

Tata Power reported a 48.6% YoY increase in Q2 FY27 consolidated net profit to ₹1,366 crore, while revenue rose 26.3% to ₹19,636 crore. Growth was driven by the recovery of its Mundra plant, Indonesian coal associates and renewables. Shares gained 1.4% to ₹365. The company retained its ₹25,000-crore capex guidance and 2.5-GW renewable commissioning target for FY27.