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Total expenditure surged by more than 18% to ₹4,931.5 crore. This is up from ₹4,172.16 crore in the previous year’s June quarter.

The service EBITDA margin in this segment jumped to 10.7%, a significant improvement from 3.2% last year.

The company’s export revenue rose 21% year-on-year, contributing ₹205 crore during the quarter. The domestic sales accounted for ₹78 crore.

Despite the modest decline in profit, the company posted strong revenue growth, with operations rising 20% to ₹348 crore.

The company’s net profit declined 8.7% year-on-year to ₹124.6 crore in Q1 FY26. This is compared with ₹136.5 crore in the same quarter of the previous fiscal.

Tata Power commissioned 94 MW of renewable capacity during the quarter, bringing its total operational renewable portfolio to 5.6 GW.

Prices for all chemical-grade ores have also been raised by 3% from their July levels, reflecting a broader uptick in market demand and cost factors.

Margins shrank to 31% from 33% last year. This is partly due to unfavourable channel mix and reduced operating leverage.

The issue will be a pure offer for sale (OFS) of up to 10.5 crore equity shares of face value ₹10 each.

Revenue from operations climbed 7% year-on-year to ₹7,233 crore. This surge in revenue is supported by sustained demand for individual home loans.