Tata Power Company Limited · NSE:TATAPOWER
Tata Power — The Tata Power Company — Q3 FY10 Earnings Presentation
16 slides from Tata Power's earnings presentation, Jan 19, 2010
Slide 1: Analyst Call - 19th January 2010
Presentation Title The Tata Power Company Ltd Analyst Call - 19th January Presentation 2010 Subtitle 1
Slide 2: Disclaimer
Disclaimer Certain statements made in this presentation may not be based on historical information or facts and may be “forward looking statements”, including those relating to The Tata Power Company Limited’s general business plans and strategy, its future outlook and growth prospects, and future d
Slide 3: Financial Performance
Id TATA Financial Performance
Slide 4: Audited Financial Results: Q3 FY10
Audited Financial Results: Q3 FY10 Quarter ended Nine months ended Particulars 31-Dec-09 31-Dec-08 31-Dec-09 31-Dec-08 (A) MUs MUs MUs MUs 1. Generation 3,851 3,847 12,157 11,241 2. Sales 3,714 3,711 11,829 11,203 (B) Rs. Crores Rs. Crores Rs. Crores Rs. Crores 1. a) Revenue from Power Supply and Tr
Slide 5: Segment Results: Q3 FY10
Segment Results: Q3 FY10 Rs. Crores Quarter ended Nine months ended Year ended Particulars 31-Dec-09 31-Dec-08 31-Dec-09 31-Dec-08 31-Mar-09 Segment Revenue Power Business 1,541.24 1,750.66 5,209.90 5,679.20 7,104.87 Others 25.27 26.21 93.32 82.68 131.36 Total Segment Revenue 1,566.51 1,776.87 5,303
Slide 6: Financial Performance – YTD Q3 FY10
Financial Performance – YTD Q3 FY10
Slide 7: Financial Highlights – YTD Q3 FY10
Financial Highlights – YTD Q3 FY10 Gross generation at 12157 MUs as against 11241 MUs (PY), up by 8% - Generation in LA was 8592 MUs as against 8499 MUs (PY) up by 1% - Generation outside LA was 3565 MUs as against 2742 MUs (PY) up by 30% Sales at 11829 MUs as against 11203 MUs up by 6% over PY - Sa
Slide 8: Financial Highlights – YTD Q3 FY10
Financial Highlights – YTD Q3 FY10 • Cost of Power Purchased at Rs. 106.04 Cr (PY Rs. 445.58 Cr) down by 76% • Primarily due to lower power purchase of 415 MUs in Mumbai LA • Cost of Fuel at Rs. 3124.56 Cr (PY Rs. 3935.23 Cr) down by 21% • Around Rs. 500 Cr due to change in fuel mix with more gas ba
Slide 9: Financial Highlights – YTD Q3 FY10
Financial Highlights – YTD Q3 FY10 • Other Income due to Gain on Exchange at Rs. 39.66 Cr (PY Rs. 136.48 Cr) lower by 71% • Due to lower P & L impact on conversion of USD 273 mn of loan to subsidiary into a loan without a specific repayment schedule • Profit Before Interest and Exceptional Items at
Slide 10: Financial Highlights – YTD Q3 FY10
Financial Highlights – YTD Q3 FY10 • Tax at Rs.270.64 crs (PY Rs.133.99 crs) up by 102% over PY • Apart from higher tax due to higher profit, around Rs. 90 Cr from higher effective tax rate due to increase in MAT and change in the computation of MAT profits whereby provision for diminution in value
Slide 11: Financial Performance – Q3 FY10
Financial Performance – Q3 FY10
Slide 12: Financial Highlights – Q3 FY10
Financial Highlights – Q3 FY10 Gross generation flat at 3851 MUs as against 3847 MUs in Q3 PY - Generation in LA was 2754 MUs as against 2937 MUs in Q1 PY down by 6% - Mainly due to an unplanned outage of Unit 5 and outage of Unit 8 for performance testing as mentioned earlier - Generation outside L
Slide 13: Financial Highlights – Q3 FY10
Financial Highlights – Q3 FY10 • Cost of Power Purchased at Rs. 32.63 Cr (PY Rs. 50.58 Cr) down by 35% • Cost of Fuel at Rs. 947.62 Cr (PY Rs. 1273.93 Cr) down by 26% • Mainly due to change in fuel mix with more gas based generation replacing oil • Depreciation at Rs.120.79 crs (PY Rs.80.88 crs) up
Slide 14: Financial Highlights – Q3 FY10
Financial Highlights – Q3 FY10 • Other Income due to Gain on Exchange at Rs. 12.23 Cr (PY Rs. 20.89 Cr) lower by 41% • Due to lower P & L impact on conversion of USD 273 mn of loan to subsidiary into a loan without a specific repayment schedule • Other Income at Rs.32.94 Cr (PY Rs.25.11 Cr) higher b
Slide 15: Financial Highlights – Q3 FY10
Financial Highlights – Q3 FY10 • Tax at Rs.48.38 crs (PY Rs.10.92 crs) up by 343% • Mainly due to increase in effective tax rate due to higher MAT and change in the computation of MAT profits whereby provision for diminution in value of assets now attracts MAT • PAT at Rs. 147.89 crs (PY Rs. 115.08
Slide 16: Thank you
Id TATA Thank you We take pride in Lighting up Lives! Lighting up Lives! TATA POWER We
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