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flag Tata Power's profit dropped 25% in Q3 FY26 due to plant shutdowns and lost subsidies, despite growth in renewables and transmission.

flag Tata Power's net profit fell 25.1% year-on-year to ₹7.72 billion in Q3 FY26, driven by the ongoing shutdown of its Mundra thermal plant since June 2025 and the loss of coal subsidy support. flag Revenue from operations dropped 9.4% to ₹139.48 billion, with thermal and hydroelectric segments down nearly 59%. flag However, renewables and transmission businesses grew by 78.3% and 8.8%, respectively. flag Despite a 0.4% decline in India’s power demand due to unseasonal weather, the company reported a 12% rise in EBITDA and strong performance in solar manufacturing, transmission projects, and customer growth. flag The results reflect broader industry shifts toward clean energy, with Tata Power emphasizing long-term resilience through renewable expansion and infrastructure development.

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