Tata Group Stock Jumps Over 4% to Fresh 4-Month High; Key Concall Highlights

As of March 12, 2026, the share price of Tata Power closed at Rs 403. The company’s 52-week high stands at Rs 416.80, recorded on June 11, 2025, placing the current price about 3.3 per cent below its peak. With the stock trading near a four-month high, here are some key insights from the recent concalls.

Key Highlights from Tata Power Concall

• The company executed 372 MW of rooftop Solar capacity in Q3, compared to 173 MW in the previous year. As a result, PAT from the rooftop segment increased to Rs 111 crore from Rs 60 crore in the same period last year, resulting a growth of about 85 per cent.
   
• The company commissioned several projects during the period, including the 400 kV Koteshwar–Rishikesh transmission line. In addition, the Flue Gas Desulphurization (FGD) system at the Maithon plant has started generating regulatory returns of around Rs 15 crore per quarter.
   
• TATA Power currently has a project pipeline of around 5.5 GW. They plan to commission about 2.5 to 3 GW of its own capacity by FY27.
   
• Management highlighted that rooftop solar demand could remain strong over the long term. The company expects growth supported by the PM Surya Ghar initiative, which targets 1 crore rooftop solar installations, while only about 25 lakh homes have been covered so far

Discom Performance Highlights from Concall

Distribution companies, commonly referred to as Discoms, are responsible for supplying electricity to end consumers and managing power distribution networks in their respective regions. Tata Power operates four distribution companies in Odisha, which have shown improved performance during the quarter. Profit from the Odisha Discoms increased to around Rs 226 crore in Q3 from Rs 86 crore in the same quarter last year, supported by better billing efficiency, improved collections, and a reduction in power losses. 

Cash generation refers to the amount of actual cash the business is able to generate from its operations after collecting payments from consumers. The segment also generated around Rs 800 crore in cash during the quarter.

In the Delhi distribution business (TPDDL), the company received a regulatory benefit from tariff truing-up for FY23, resulting in an EBITDA impact of around Rs 460 crore, with an estimated PAT benefit of about Rs 344 crore during the quarter.

About Company

Tata Power Company Limited is one of India’s largest integrated power companies and is part of the Tata Group. The company operates across the entire power value chain, including power generation, transmission, distribution, and renewable energy solutions. It has a diversified portfolio that includes thermal, hydro, solar, and wind power projects.

Tata Power Company Limited has a market capitalisation of around Rs 1,28,548 crore. The company reports a return on capital employed (ROCE) of about 10.8 per cent and a return on equity (ROE) of around 11.0 per cent. Over the last five years, the company has delivered profit growth of around 45.5 per cent CAGR, while debtor days have improved from 40 to 31 days.

Disclaimer: The article is for informational purposes only and not investment advice