News Overview

During the quarter, cement dispatches stood at 33.26 lakh tonnes, reflecting nearly 10% year-on-year growth.

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

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

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

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.

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.

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

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