Tata Power reported a slight decline in its consolidated net profit for the second quarter, coming in at ₹919.4 crore, down 0.7% year-on-year from ₹926.5 crore.

Tata Power Q2 revenue also dipped 1% YoY to ₹15,544 crore compared to ₹15,697 crore in the same period last year.

Operating performance weakened, with EBITDA falling 11.8% YoY to ₹3,302 crore from ₹3,744 crore.

Margins contracted to 21.2% from 23.9% YoY, reflecting cost pressures and softer operational efficiencies.

In a strategic move, Tata Power has proposed to acquire a 40% stake in a Special Purpose Vehicle (SPV) for ₹1,572 crore, signaling its intent to strengthen its renewable and infrastructure portfolio.

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