Tata Power's share price experienced a significant decline of over 5% during trading on the National Stock Exchange (NSE) after the company announced its financial results for the fourth quarter ending March 31, 2026. The stock opened at ₹391, down from the previous close of ₹418.40. The company reported a consolidated net profit of ₹996 crore, reflecting a 4% decrease compared to ₹1,043 crore in the same quarter last year. Revenue from operations fell by 13% year-on-year to ₹14,900 crore, while EBITDA rose by 10% to ₹4,216 crore. Tata Power's core business showed resilience with a 13% increase in profit after tax (PAT) in Q4, driven by its renewable energy and distribution sectors. For the entire fiscal year FY26, Tata Power achieved its highest annual PAT of ₹5,118 crore, marking a 7% increase, with total revenue reaching ₹63,681 crore. The company's board proposed a final dividend of ₹2.5 per share, pending shareholder approval. CEO Praveer Sinha emphasized the company's commitment to long-term growth through clean energy initiatives and improved power distribution. Despite the share price drop, brokerage firm JM Financial has maintained a 'buy' rating with a target price of ₹485, indicating a potential upside of 16%.