Consolidated net sales (including other operating income) of Tata Power Company has increased 13.67% to Rs 17293.62 crore. Operating profit margin has declined from 17.97% to 17.94%, leading to 13.50% rise in operating profit to Rs 3,102.70 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 6.47% to 6.04%. Purchase of finished goods cost fell from 0.06% to 0.03%. Employee cost decreased from 6.37% to 5.83%. Other expenses fell from 67.85% to 67.49%. Power and Oil fuel cost fell from 57.94% to 56.78%. Other direct service cost rose from 1.93% to 2.04%. Other income fell 8.86% to Rs 247.36 crore. PBIDT rose 11.48% to Rs 3350.06 crore. Provision for interest fell 3.70% to Rs 1176.24 crore. PBDT rose 21.88% to Rs 2173.82 crore. Provision for depreciation rose 8.89% to Rs 972.89 crore. Profit before tax grew 34.91% to Rs 1,200.93 crore. Share of profit/loss was 17.47% lower at Rs 289.41 crore. Provision for tax was expense of Rs 301.71 crore, compared to Rs 334.58 crore. Effective tax rate was 20.24% compared to 22.67%. Minority interest increased 29.23% to Rs 217.72 crore. Net profit attributable to owners of the company decreased 0.16% to Rs 970.91 crore. Management Comments :Dr Praveer Sinha, CEO and Managing Director, Tata Power, said, “We have commenced FY25 on a strong note, which is reflected in the Q1 FY25 results as we book our all-time high and 19th consecutive quarter of PAT growth. All our businesses have grown profitably on the back of operational efficiency, execution excellence, and sustained business momentum. As we achieve 1 lakh rooftop solar installations across the country, we thank our customers for choosing Tata Power as their green energy partner. With our pan-India campaign, ‘Ghar Ghar Solar Tata Power Ke Sang’, we are powering solar adoption in the country via solar panels manufactured in our newly built 4.3 GW solar module and cell plant in Tamil Nadu. We have also made significant strides towards advancing sustainable mobility solutions, becoming the first EV charging solutions provider to surpass the installation of 1 lakh home EV chargers. We also have a growing pan-India network of over 5600 public / captive chargers. Our planned capex for this financial year is Rs 20,000 Crore. We are committed to adopting and leading the new and emerging clean energy technologies, including pumped hydro projects, Hydropower project in Bhutan, and opportunities to develop Small Modular Nuclear Reactors as Government policy evolves." Promoters’ stake was 46.86% as of 30 June 2024 ,compared to 46.86% as of 30 June 2023 . Tata Power Company : Consolidated Results | | Quarter ended | Year ended |
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Particulars | 202406 | 202306 | Var.(%) | 202403 | 202303 | Var.(%) |
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Net Sales (including other operating income) | 17,293.62 | 15,213.29 | 13.67 | 61,448.90 | 55,109.08 | 11.50 | OPM (%) | 17.94 | 17.97 | -3 bps | 17.70 | 15.66 | 204 bps | OP | 3,102.70 | 2,733.63 | 13.50 | 10,877.26 | 8,630.37 | 26.03 | Other Inc. | 247.36 | 271.42 | -8.86 | 1,823.42 | 1,438.02 | 26.80 | PBIDT | 3,350.06 | 3,005.05 | 11.48 | 12,700.68 | 10,068.39 | 26.14 | Interest | 1,176.24 | 1,221.41 | -3.70 | 4,633.22 | 4,371.65 | 5.98 | PBDT | 2,173.82 | 1,783.64 | 21.88 | 8,067.46 | 5,696.74 | 41.62 | Depreciation | 972.89 | 893.44 | 8.89 | 3786.37 | 3439.2 | 10.09 | PBT | 1,200.93 | 890.20 | 34.91 | 4281.09 | 2257.54 | 89.64 | Share of Profit/(Loss) from Associates | 289.41 | 350.67 | -17.47 | 1177.57 | 3199.46 | -63.19 | PBT before EO | 1490.34 | 1240.87 | 20.10 | 5458.66 | 5457 | 0.03 | EO Income | 0 | 234.68 | - | 273.36 | 0 | - | PBT after EO | 1490.34 | 1475.55 | 1.00 | 5732.02 | 5457 | 5.04 | Taxation | 301.71 | 334.58 | -9.82 | 1451.92 | 1647.33 | -11.86 | PAT | 1188.63 | 1140.97 | 4.18 | 4280.1 | 3809.67 | 12.35 | Minority Interest (MI) | 217.72 | 168.48 | 29.23 | 583.85 | 473.23 | 23.38 | Net profit | 970.91 | 972.49 | -0.16 | 3696.25 | 3336.44 | 10.78 | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | Net profit after discontinued operations | 970.91 | 972.49 | -0.16 | 3696.25 | 3336.44 | 10.78 | EPS (Rs)* | 3.04 | 2.64 | 15.21 | 11.09 | 10.44 | 6.25 | | * EPS is on current equity of Rs 319.53 crore, Face value of Rs 1, Excluding extraordinary items. | # EPS is not annualised | bps : Basis points | EO : Extraordinary items | Figures in Rs crore | Source: Capitaline Corporate Database |
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Tata Power Company : Consolidated Segment Results | | Quarter ended | Year ended |
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| % of (Total) | 202406 | 202306 | Var.(%) | % of (Total) | 202403 | 202303 | Var.(%) |
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Sales | Generation | 28.70 | 5,216.68 | 4,826.70 | 8.08 | 29.53 | 19,613.61 | 18,211.35 | 7.70 | Renewables | 13.11 | 2,383.16 | 2,089.06 | 14.08 | 15.32 | 10,175.29 | 8,196.91 | 24.14 | Transmission and Distribution | 57.62 | 10,472.92 | 9,277.08 | 12.89 | 54.51 | 36,205.82 | 34,529.36 | 4.86 | Others | 0.57 | 103.78 | 105.07 | -1.23 | 0.65 | 430.62 | 413.56 | 4.13 | Total Reported Sales | 100.00 | 18,176.54 | 16,297.91 | 11.53 | 100.00 | 66,425.34 | 61,351.18 | 8.27 | Less: Inter segment revenues | | 1,382.72 | 1,315.36 | 5.12 | | 4,959.75 | 5,401.91 | -8.19 | Net Sales | 100.00 | 16,793.82 | 14,982.55 | 12.09 | 100.00 | 61,465.59 | 55,949.27 | 9.86 | PBIT | Generation | 37.42 | 922.99 | 1,087.91 | -15.16 | 43.35 | 3,649.07 | 5,092.16 | -28.34 | Renewables | 25.60 | 631.34 | 558.96 | 12.95 | 25.51 | 2,147.10 | 1,932.01 | 11.13 | Transmission and Distribution | 35.58 | 877.54 | 574.94 | 52.63 | 29.57 | 2,489.49 | 2,197.68 | 13.28 | Others | 1.40 | 34.55 | -2.78 | LP | 1.57 | 132.22 | -308.17 | LP | Total PBIT | 100.00 | 2,466.42 | 2,219.03 | 11.15 | 100.00 | 8,417.88 | 8,913.68 | -5.56 | Less : Interest | | 1,176.24 | 1,221.41 | -3.70 | | 4,633.22 | 4,371.65 | 5.98 | Add: Other un-allcoable | | 200.16 | 477.93 | -58.12 | | 1,947.36 | 914.97 | 112.83 | PBIT Margin(%) | Generation | | 17.69 | 22.54 | -484.64 | | 18.60 | 27.96 | -935.67 | Renewables | | 26.49 | 26.76 | -26.48 | | 21.10 | 23.57 | -246.89 | Transmission and Distribution | | 8.38 | 6.20 | 218.17 | | 6.88 | 6.36 | 51.13 | Others | | 33.29 | -2.65 | 3,593.74 | | 30.70 | -74.52 | 10,522.10 | PBT | 100.00 | 1,490.34 | 1,475.55 | 1.00 | 100.00 | 5,732.02 | 5,457.00 | 5.04 |
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