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Tata Power vs Adani Power Q4 FY26

Side-by-side earnings comparison across verified financials, sentiment, risks, and management commentary.

Tata Power

Tata Power delivered a strong Q4 FY26 with PAT of ₹1,416 crore (+8% YoY) and full-year PAT crossing ₹5,000 crore for the first time, driven by robust performance across generation, transmission, distribution, and sola...

Adani Power

Adani Power reported a strong Q4 FY26 with EBITDA of ₹6,498 crore, up 27% YoY, driven by higher PPA tariffs, cost discipline, and improved operating efficiency.

Result Snapshot

Revenue₹14,900 Cr₹14,223 Cr
PAT₹1,416 Cr₹4,271 Cr
EBITDA Margin17%33%
Sentimentbullishbullish

Key Quotes

We have now concluded the SPA with Gujarat and we are in the process of finalizing it with all the other four states which we expect in next four to six weeks we will complete.
Dr. Pavir Finha · CEO and Managing Director
We have ended financial year 26 with a solid 12,971 crore profit after tax.
S.P. Kalia · CEO