Tata Power stock reports record rooftop solar growth in Q2 FY27

Published on 10/07/2026 at 02:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tata Power stock added 426 MWp of rooftop solar capacity in Q2 FY27, up 15 percent from a year earlier. Q1 FY27 net profit reached INR 1,401 crore.

Tata Power, INE245A01021, Illustration mit AI erstellt.

Tata Power stock (ISIN INE245A01021) was last at INR 351.65 on the NSE on October 6, 2026 at 3:14 p.m. IST, while Tata Power SolarRoof reported 88,397 rooftop installations in Q2 FY27. As CNBC TV18 reported on October 6, 2026, the installation total was 33 percent higher than the 66,447 systems recorded a year earlier.

Rooftop solar expands at speed

The Q2 capacity addition reached 426 MWp, up 15 percent from 369 MWp in Q2 FY26, according to SolarQuarter on October 6, 2026. The operating signal is therefore broader than the installation count because both system volume and generation capacity moved higher year over year.

For the first half of FY27, SolarRoof completed 168,530 installations, compared with 112,729 in the same period of FY26. Capacity installed in the six-month period rose to 801 MWp from 639 MWp, a 25 percent increase, while cumulative rooftop capacity surpassed 5.67 GWp.

Profit growth adds a second pillar

The renewable expansion follows a profitable first quarter. Tickertape reported that Tata Power's Q1 FY27 net profit rose 11 percent year over year to INR 1,401 crore, while EBITDA increased 8 percent to INR 4,249 crore. The company described the quarter as its 27th consecutive period of growth in both measures, making execution in renewables relevant to a wider earnings trend.

Analysts see room above the share price

Consensus data published by Creget on September 26, 2026, showed a Buy consensus from 22 analysts, with 13 Buy, 5 Hold and 4 Sell ratings. The average 12-month target was INR 413.64, with a range of INR 300 to INR 525; that target lies 17.6 percent above the October 6 price of INR 351.65.

The valuation case remains earnings-led rather than based only on manufacturing capacity. Financial Express reported on September 30, 2026, that Bernstein rated Tata Power Outperform and set a target of INR 430, alongside FY27 and FY28 EPS estimates of INR 14.91 and INR 17.26.

Stock remains below its yearly high

Tata Power was last at INR 351.65 on the NSE on October 6, 2026, with a 52-week range of INR 342.50 to INR 464.90 and volume of 5,740,849 shares. Its market capitalization was INR 1.1 trillion, placing the current price 24.4 percent below the 52-week high.