Tata Power Company Ltd. Results Earnings Call for Q3FY24
Conference Call with Tata Power Company Ltd. Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.09-02-2024
09-02-2024
Tata Power reports flat profit growth in Q3
Revenue saw a small uptick in the December quarter09-02-2024
Q3FY24 Quarterly Result Announced for Tata Power Company Ltd.
Electric Utilities company Tata Power Company announced Q3FY24 results: Financial Performance Revenue: Q3FY24 saw a revenue increase to Rs 14,841 crore, which is a 3% year-on-year growth. For 9MFY24, revenue reached an all-time high of Rs 45,286 crore. EBITDA: The EBITDA for Q3FY24 jumped by 15% YoY to Rs 3,250 crore. The 9MFY24 EBITDA also hit a record high at Rs 9,342 crore, marking a 34% increase. Profit After Tax (PAT): PAT for Q3FY24 grew to Rs 1,076 crore, with 9MFY24 PAT at Rs 3,235 crore, showing a growth of 13%. Business Highlights The core businesses of Generation, Transmission & Distribution, and Renewables contributed more than 71% of the PAT in 9MFY24, a significant increase from 40% in FY23. Odisha Distribution Business reported a 75% increase in Q3FY24 PAT to Rs 63 crore and a 103% increase in 9MFY24 PAT to Rs 217 crore. Tata Power secured two transmission projects worth Rs 2,300 Cr in Bikaner-Neemrana and Jalpura-Khurja under the TBCB regime. Renewable Energy and Solar Initiatives The solar rooftop portfolio reached over 2,000 MW, including Group Captive, with an addition of 146 MW during Q3FY24, up by 15% year-on-year. The company facilitated over Rs 3,500 crore worth of customer financing for solar projects. Electric Vehicle (EV) and E-Mobility Tata Power installed more than 11,400 home EV chargers and energized 412 public EV charging points in Q3FY24, contributing to a total of over 5,300 public/semi-public chargers. Sustainability and Corporate Social Responsibility (CSR) Tata Power launched 'Project GhanVan' with the ICICI Foundation to plant 2.5 lakh indigenous trees in the Western Ghats over three years. The company organized Urja Mela 2023 in Delhi to promote energy conservation among students. Dr. Praveer Sinha, CEO and Managing Director of Tata Power, stated: "Our core businesses continue to perform well and have helped the Company clock its 17th consecutive PAT growth quarter. Our consistent performance shows strong fundamentals of excellence in operational performance and project execution capability. As the country witnesses a surge in power demand, Tata Power is well-positioned to capitalize on the growth momentum with its cutting-edge, customized and cost-effective clean and green energy solutions." Result PDF09-02-2024
TATA POWER CO.LTD. - 500400 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Information under Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.09-02-2024
TATA POWER CO.LTD. - 500400 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release issued by the Company on the Audited Standalone and Unaudited Consolidated Financial Results for the Quarter and nine months ended December 31, 202309-02-2024
TATA POWER CO.LTD. - 500400 - Announcement under Regulation 30 (LODR)-Investor Presentation
Presentation to Analysts09-02-2024
TATA POWER CO.LTD. - 500400 - Board Meeting Outcome for Outcome Of The Board Meeting
Pursuant to Regulations 30, 33 and 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, (''Listing Regulations''), we forward herewith the Audited Standalone Financial Results along with Auditor''s Report and Unaudited Consolidated Financial Results along with Limited Review Report of the Company for the quarter and nine months ended December 31, 2023, which were approved and taken on record by the Board of Directors of the Company at their meeting held today. The Board Meeting commenced at 2:00 p.m. (IST) and concluded at 4:55 p.m. (IST). The above announcements are also being made available on the Company''s website at www.tatapower.com. The Trading Window for the Company's shares was closed from December 25, 2023 and will open from February 12, 2024.09-02-2024
TATA POWER CO.LTD. - 500400 - Outcome Of The Board Meeting - February 9, 2024
Outcome of the Board Meeting09-02-2024
TATA POWER CO.LTD. - 500400 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Information under regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.07-02-2024
TATA POWER CO.LTD. - 500400 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we hereby inform that the Analysts Call to discuss the results for Q3FY24 will be held on February 9, 2024 from 6:00 p.m. onwards.03-02-2024