Tata Power Company Limited · NSE:TATAPOWER
Tata Power — Q4 FY2025 Earnings Presentation
71 slides from Tata Power's earnings presentation, May 14, 2025
Slide 1: Financial Results – Q4 FY25
F I N A N C I A L R E S U LT S – Q 4 F Y 2 5 1 4 M AY 2 0 2 5 320MW Bhainsara, Rajasthan
Slide 2: Disclaimer
Disclaimer This document does not constitute or form part of and should not be construed as a prospectus, offering circular or offering memorandum or an offer to sell or issue or the solicitation of an offer to buy or acquire securities of the Company or any of its subsidiaries or affiliates in any
Slide 3: Agenda
Agenda 04 About Tata Power 10 Sustainability: Manifesting a Greener Tomorrow 22 Industry Highlights 29 Business Highlights 43 Operational & Financial Highlights 49 Annexures 68 What sets us Apart
Slide 4: About: Tata Power Company Limited (TPCL)
About: Tata Power Company Limited (TPCL) tatapower.com 4
Slide 5: India's largest vertically-integrated power company
India’s largest vertically-integrated power company Generation New-age Energy Solutions Generation ~25.7 GW ~16.8 GW ~8.9 GW Total Capacity Clean & Green Energy Thermal energy generation (Operational + Under construction) (Including 9.9 GW Under Construction) (Installed capacity) Transmission Distri
Slide 6: Generation, Transmission and Distribution assets spread across India
Generation, Transmission and Distribution assets spread across India Capacity Mix (Domestic + 8,860 MW 1,034 MW 880 MW Thermal Wind Hydro International) 25,668 MW 443 MW 4,516 MW 9,935* MW Clean & Green capacity Total capacity Waste Heat Solar (Operational + Under construction) Recovery /BFG under c
Slide 7: Assets located outside India
Assets located outside India Georgia, Adjaristsqali Bhutan, Dagachhu 187 MW 50% 126 MW 26% Bhutan, Khorlochhu Installed capacity TPCL stake 600 MW 40% Installed capacity TPCL stake Pipeline capacity TPCL stake Indonesia Coal Mines Coal mines Tata Power Share % 78 MT Kaltim Prima Coal (KPC) 30% Zambi
Slide 8: Financial performance consistently improving over the years
Financial performance consistently improving over the years Revenue (in ₹ Cr) EBITDA (in ₹ Cr) Underlying EBITDA (in ₹ Cr) 64,502 14,468* 15,261** FY25 FY25 FY25 FY24 61,542 FY24 12,701 FY24 13,878 FY23 56,033 FY23 10,068 FY23 13,268 FY22 42,576 FY22 8,192 FY22 10,134 FY21 33,239 FY21 7,978 FY21 8,8
Slide 9: Clean & Green to account for ~65% capacity post project completions
Clean & Green to account for ~65% capacity post project completions Tata Power Capacity Current Operational Capacity share (IN MW) (IN %) 5%3% Thermal 5% 6% Solar Hydro 56% Wind 25% Hybrid WHRS Capacity share post completion of projects (IN %) 3%2% Thermal 7% Solar 10% 35% Hybrid Total Clean PSP & G
Slide 10: Sustainability: At the core of all that we do
Sustainability: At the core of all that we do Net Zero Water Zero Waste By 2045 Neutral to Landfill By 2030 By 2030 tatapower.com 10
Slide 11: Our sustainability aspirations
Our sustainability aspirations Become Net Zero Become Water Zero Waste to Landfill No Net Loss to Leverage technology to by 2045 Neutral by 2030 by 2030 Biodiversity by 2030 create the 'Utility of the Future’ (IOT, Smart Grids, BESS, Green H2, robotic panel cleaning etc.) Education : Employability a
Slide 12: Taking leaps towards our ESG goals
Taking leaps towards our ESG goals Ba sel i n e Prog res s Ta rg et Pa rt i c u l ar s D esc r i p t i on O n g oi n g ac t i on s Value Y ea r V al ue Value Y ea r Y ea r • ~ 44% Clean and Green Capacity Clean & Green portfolio 16%* 2015 44% 2025 70% 2030 • ~ 65% Clean and Green Capacity, post proj
Slide 13: Achieving 100% Clean & Green power generation by 2045
Achieving 100% Clean & Green power generation by 2045 2015 2025 2030 2045 Largely a coal-based company, Transitioning towards a Clean & Green capacity will Transition away from thermal having capacities to fulfil the clean and green portfolio account for at least 70% of our portfolio in 2045* as Pow
Slide 14: Gradually improving our ESG ratings
Gradually improving our ESG ratings 2025 2024 2023 2022 2021 2020 2019 B- B B B C C D CDP – Climate Change B- B B B B C F CDP – Water S&P - CSA 68 68 67 67 67 - 48 (Higher score is better) A A BBB BBB BB BB BB MSCI 37.5 37.4 38.5 41.2 38.6 - - Sustainalytics (Lower score is better) Dates of last pub
Slide 15: Powering Biodiversity Conservation
Powering Biodiversity Conservation Present across 5 Ecosystems Biodiversity Action Plans for all sites TNFD pilot completed No Net Loss for Biodiversity Action plan for 60 solar sites & 22 wind sites Active partnerships with Government bodies, CII – IBBI, IUCN, SNEHA NGO, ICICI Foundation, Godrej 15
Slide 16: Empowering Communities
Empowering Communities 47.54 14.99 lakhs lakhs (FY25) Outreach FY25(Q4) Reaching out by Strengthening Public Private Improving Far Reaching Community Institutions Partnerships access Impact on (Collaboration & & creating Community Leverage) opportunities and Co- ownership 110+ Districts in 18 states
Slide 17: Key Programmes Footprint and Inclusion Focus
Key Programmes Footprint and Inclusion Focus CSR footprint Tata Power footprint Density areas TP presence 19 110+ 18 Aspirational Districts Districts States AA Density map 17
Slide 18: Thought Leadership for Social Inclusivity
Thought Leadership for Social Inclusivity • Pay Autention Bridgital Network, the toll-free helpline, NGOs purple directory, and E-Sanidhya web platform promotes phygital support services and capability-building for Clinical facilities neurodiverse individuals & care-givers; easing home-care Corporat
Slide 19: Well-established Governance Systems
Well-established Governance Systems Our CSR and Sustainability Committee at the Board level guides the strategy, and the Apex Leadership Team enables its impactful implementation Leadership and Oversight on Sustainability Advocacy Leadership Initiatives that are based with care on, and are encompass
Slide 20: Robust Governance Structure in place
Robust Governance Structure in place Governance policies Audit Committee Tata Code of Conduct Code of Conduct for Independent Directors Code of Conduct for Non-Executive Directors Nomination and Related Party Transactions Policy, Framework & Guidelines Remuneration Committee Whistle Blower
Slide 21: Awards & Recognition
Awards & Recognition Autism Awareness Month Campaign Purple Fest –2025 in collaboration with Ministry of IITs-linked research & innovation via Club Enerji model Social Justrice, Rashtrapati Bhawan, New Delhi showcased at TMM. Showcased thought leadership in sustainability and innovation E-Sanidhya l
Slide 22: Industry Highlights
Industry Highlights tatapower.com 22
Slide 23: Power Demand is up 4.2% Y-o-Y in FY25 despite unfavourable base
Power Demand is up 4.2% Y-o-Y in FY25 despite unfavourable base India has one of the lowest power Ratio of Power Generation Monthly Energy Requirement Coal-based plants' PLF % consumption per capita Growth to GDP growth has (IN BUs) (IN %) (IN KW H) increased in the past 5 years 30,000 175.0 25% 85%
Slide 24: RE accounted for 89% of Capacity additions in India during FY25
RE accounted for 89% of Capacity additions in India during FY25 Total Installed Capacity in India ~13.2 GW added in Q4FY25 33.4 GW added in FY25* Renewables (incl. Hydro) accounted currently stands at 475 GW (IN GW) (IN GW) for ~89% of capacity additions in FY25 (IN %) 9.0 0.7 1% 1% 3% 3% 6% 2% 2% 2
Slide 25: Cell and Module prices stable at trough level; Coal prices have dropped lately
Cell and Module prices stable at trough level; Coal prices have dropped lately Price Movement of Polysilicon & Price Movement* of Solar Cell & Thermal Coal Prices (US$/t) Wafer Module 42 1.4 0.30 500 1.2 0.25 450 35 400 1.0 28 0.20 350 0.8 300 21 0.15 250 0.6 200 14 0.09 0.10 0.4 150 117.7 5.51 100
Slide 26: RE auctions continue to gain momentum; at a record ~57 GW in FY25
RE auctions continue to gain momentum; at a record ~57 GW in FY25 Minimum e-reverse auction tariff’s in FY25 Renewable energy auction volumes (₹/kWh) (GW) 60.0 1.7 1.4 0.6 6.2 4.8 50.0 4.4 4.4 7.3 10.6 4.3 4.1 4.1 40.0 5.4 0.8 2.5 3.8 9.3 3.8 3.6 3.6 30.0 3.3 3.3 3.3 3.3 3.2 3.2 3.4 6.6 3.3 3.2 3.2
Slide 27: Transmission auction bids continue to surge in FY25
Transmission auction bids continue to surge in FY25 ₹9.3 tn transmission Capex anticipated in India FY25 Transmission Auction Bids surge nearly 3.1x between FY25-32E FY24 Levels (In ₹ Bn) 1,577 Intra-State, ₹2.7 tn Inter-State Transmission System Intra-State Transmission System Inter-State, ₹6.6 tn
Slide 28: India Distribution: On the mend but concerns remain
India Distribution: On the mend but concerns remain All India AT&C losses (%) have risen in FY24 after RDSS and LPS have helped reduce DISCOM overdues declining in the past two years (In ₹ Cr) All India basis 1,05,330 1,02,780 83,716 26.6 25.7 25.5 59,127 23.7 23.7 22.6 22.3 21.6 21.5 20.7 25,016 26
Slide 29: Business Highlights
Business Highlights tatapower.com 29 Neemuch 330MW Solar Plant, Madhya Pradesh
Slide 30: Key Highlights
Key Highlights Tata Power crosses the milestone Tata Power is partnering Tata Signed an MoU with the Odisha Moody’s has of ₹ 5,000 Cr PAT(before Motors in a Co-branding TPREL ties up with Tata Motors Renewable Energy Development upgraded its outlook exceptional item) in FY25 initiative for deploying
Slide 31: Solar Rooftop – Q4 & FY25 Highlights
Solar Rooftop – Q4 & FY25 Highlights 3 rd Party Rooftop Order Book Revenue of 3 rd Party Rooftop (In ₹ Cr ) (In ₹ Cr ) 864 1,072 Q4 FY25 864 Q3 FY25 509 1,036 827 Q4 FY24 617 Order book Orders Q4 Order book at the end received Revenue at the end of Q3 FY25 in Q4 of Q4 FY25 3rd PARTY ROOFTOP 437 MWp
Slide 32: Tata Power – EZ Charge
Tata Power – EZ Charge Cities and towns covered* Public and Captive Charging Points* 641 5,488 5,488** 555 541 430 3,778 178 1,128 344 FY 21 FY 22 FY 23 FY 24 FY 25 FY 21 FY 22 F Y 23 FY 24 FY25 Home Chargers* Bus Charge Points* 1,36,777 1,238 858 86,086 38,899 234 13,107 84 84 2,698 FY 21 FY 22 FY
Slide 33: Odisha Discoms - FY25 Highlights
Odisha Discoms - FY25 Highlights STRONG OPERATIONAL PERFORMANCE ACROSS ALL DISCOMS THEFT METERS SUBSTATIONS PRE-TAKEOVER Smart Meters REDUCING AT&C LOSSES => LOAD REPLACED AUTOMATED (No’s) ARREARS (MWp) (in lakhs) COLLECTED (₹Crs) Installed till PROMISING GROWTH Date ( Exc l . past ar r e ar s) Q4 U
Slide 34: Key T&D segments have reported robust PAT growth over the years
Key T&D segments have reported robust PAT (₹ Cr) growth over the years 240 209 303 318 316 183 162 227 147 197 FY 21 FY 22 FY 23 FY 24 FY25 FY 21 FY 22 FY 23 FY 24 FY25 Mumbai Distribution Mumbai Transmission 843 439 308 428 439 440 453 253 236 FY 21 FY 22 FY 23 FY 24 FY25 FY 22 FY 23 FY 24 FY25 TPD
Slide 35: 4.3 GW Cell and Module Manufacturing Plant - Update
4.3 GW Cell and Module Manufacturing Plant - Update 4.3GW Module plant First Cell out(FCO) of All Four Cell lines (1GW each) operating at >90% 0.3GW TOPCon Pilot Cell have ramped up utilisation line Module production ramp up (GW)* Cell production ramp up (GW)* ~3.70 ~3.70 0.88 3.29 0.93 0.87 0.65 0.
Slide 36: PM Surya Ghar Yojna: Will be the focus area for coming years
PM Surya Ghar Yojna (PMSGY): Will be the focus area for coming years Salient features of PMSGY Scheme Why The Scheme Works 1 Cr Sr. No. Type of Residential Segment Central Financial Assistance (CFA) Cost to Customer Households with Solar Rooftops Attractive subsidies till 3 kW 1 Up to 2 kW ₹30,000
Slide 37: Tata Power is the market leader in Solar Rooftop EPC
Tata Power is the market leader in Solar Rooftop EPC Rooftop Solar has grown at 17% CAGR India has 14.5GW of installed Tata Power has 13.1% market share in Solar between 2019-23 solar rooftop capacity Rooftop EPC (In MW) (In MW) Market Size = 2,855 MW in CY23 2,855 3,669 2,640 7,619 Tata Power Roofs
Slide 38: Notable Utility Scale FDRE/Hybrid Tenders won recently
Notable Utility Scale FDRE/Hybrid Tenders won recently SJVN 460MW* FDRE NTPC 200MW* FDRE MSEDCL 400MW* Hybrid PH IV Tariff (₹/unit) 4.38 4.71 3.60 e-RA date 7 Nov 2023 22 Mar 2024 16 Aug 2024 Installed capacity (MW) 1,317 MW 585 MW 501 MW Tender type FDRE FDRE Hybrid Capacity sizing (x) ~3x ~3x ~1.3
Slide 39: Pumped Storage Hydro Plants (PSP) - Project Update
Pumped Storage Hydro Plants (PSP) - Project Update SHIRWATA PSP BHIVPURI PSP Key Highlights Key Highlights 1,000 MW 1,800 MW Type Type Existing Off-stream Off-stream Upper Reservoir Upper Reservoir Thokarwadi ~348 MCM New -15 MCM (million cubic meters) Lower Reservoir Lower Reservoir Existing Shirwa
Slide 40: MoU with Druk Green Power to develop 5,100 MW clean energy projects in Bhutan
MoU with Druk Green Power to develop 5,100 MW clean energy projects in Bhutan 364 MW 1,125 MW 15 GW 600 MW Bhutan’s vision 2040 for hydro Bhutan Existing hydro 5 GW station Chamkharchhu IV Proposed Hydro Bhutan’s vision 2040 for solar 740 MW HPP Power Plants (HPP) Dorjilung Khorlochhu Potential Plan
Slide 41: Construction has begun at the ₹6,900 Cr Khorlochhu HPP
Construction has begun at the ₹6,900 Cr Khorlochhu HPP that is expected to be commissioned in Sept 2029 Khorlochhu hydro power project details 600 MW 1.12% Total project capacity Aux power consumption 40% >95% Tata Power Stake Availability 90.62% 48% Average TG efficiency Plant load factor 752.20 M
Slide 42: 2/3rd of transmission projects are expected to commission in CY25
2/3rd of transmission projects are expected to commission in CY25 Year Project Tata Power Stake Under Construction Capex Date Of Commissioning Revenue 2027 ERES XXXIX Transmission 100% 377 Ckt Kms ₹2,500 Cr December, 2027 ₹290 Cr Paradeep 100% 384 Ckt Kms ₹2,300 Cr November, 2026 ₹256 Cr 2026 Transm
Slide 43: Operational & Financial Highlights
Operational & Financial Highlights tatapower.com 43
Slide 44: Q4 FY25 Operational Highlights
Q4 FY25 Operational Highlights Generation - Availability Plant Load or Capacity Utilization Factor AT&C Losses - Distribution IN % IN % IN % 99 100 99 98 98 98 100 100 100 94 92 8.6 88 74 73 74 73 8.2 85 7.8 78 65 75 60 5.9 5.6 5.4 36 34 30 24 25 20 14 0.4 13 11 0.5 -0.4 Thermal Mundra MO Hydro WIND
Slide 45: FY25 Operational Highlights
FY25 Operational Highlights Generation - Availability Plant Load or Capacity Utilization Factor AT&C Losses - Distribution IN % IN % IN % 99 99 98 98 100 100 76 74 8.6 90 87 7.8 80 65 70 56 5.9 5.4 40 40 23 23 20 19 0.4 -0.4 Thermal Mundra MO Hydro WIND SOLAR SOLAR MO- Thermal Mundra MO Hydro WIND T
Slide 46: Financial Highlights – Q4 FY25
Financial Highlights – Q4 FY25 (In ₹ Cr) Posted Y-o-Y PAT growth for the 22nd consecutive quarter Revenue EBITDA* Underlying EBITDA 6.6% 14.0% (including share of JVs and Associates) 6.4% 14.6% 10.0% 6.6% Q4 FY25 17,328 Q4 FY25 3,829 Q4 FY25 3,911 Q3 FY25 15,118 Q3 FY25 3,481 Q3 FY25 3,668 Q4 FY24 1
Slide 47: Financial Highlights - FY25
Financial ) Highlights - FY25 (In ₹ Cr) Robust fundamentals as core businesses reported highest ever EBITDA in FY25 Revenue EBITDA* Underlying EBITDA 4.8% 13.9% (including share of JVs and Associates) 10.0% FY25 64,502 FY25 14,468 FY25 15,261 FY24 61,542 FY24 12,701 FY24 13,878 *Reported EBITDA incl
Slide 48: Comfortable Debt Position For Sustainable Growth
Comfortable Debt Position For Sustainable Growth Net Debt Net Debt has increased Q-o-Q due to higher capex requirements (In ₹ Cr) (In ₹ Cr) Q4 FY25 44,672 Q3 FY25 44,706 Q4 FY24 38,125 Balance Sheet continues to be strong Q3 FY25 Net Debt Cash from Operations Income from JVs Others WC Changes Intere
Slide 49: Annexures
Annexures tatapower.com 49 126MWp Floating Solar Omkareshwar, Madhya Pradesh
Slide 50: Entity-wise Consolidated Performance - Q4 FY25
Entity-wise Consolidated Performance - Q4 FY25 ₹ Crore unless stated Particulars Op Income EBITDA^^ PAT Q4 FY25 Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Q4 FY24 Consolidated before exceptional items 17,328 16,256 3,829 3,358 1,288 1,109 Standalone & Key Subsidiaries Tata Power (Standalone) 5,756 5,133 1,215
Slide 51: Entity-wise Consolidated Performance - FY25
Entity-wise Consolidated Performance - FY25 ₹ Crore unless stated Particulars Op Income EBITDA^^ PAT FY25 FY24 FY25 FY24 FY25 FY24 Consolidated before exceptional items 64,502 61,542 14,468 12,701 5,197 4,109 Standalone & Key Subsidiaries Tata Power (Standalone) 21,288 20,297 6,905 5,957 3,133 2,230
Slide 52: Cluster-wise Consolidated Performance - Q4 FY25
Cluster-wise Consolidated Performance - Q4 FY25 ₹ Crore unless stated Particulars Op Income EBITDA^^ PAT Q4 FY25 Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Q4 FY24 Consolidated before exceptional items 17,328 16,256 3,829 3,358 1,288 1,109 Thermal Generation, Coal and Hydro 5,288 4,855 1,073 787 626 271 Maitho
Slide 53: Cluster-wise Consolidated Performance - FY25
Cluster-wise Consolidated Performance - FY25 ₹ Crore unless stated Particulars Op Income EBITDA^^ PAT FY25 FY24 FY25 FY24 FY25 FY24 Consolidated before exceptional items 64,502 61,542 14,468 12,701 5,197 4,109 Thermal Generation, Coal and Hydro 19,739 19,614 4,183 3,780 2,583 2,074 Maithon Power Lim
Slide 54: Tata Power (Consolidated) Performance
Tata Power (Consolidated) Performance ₹ Crore unless stated Particulars Q4 FY25 Q4 FY24 Var FY25 FY24 Var Quarter Variance Remarks Higher availability & PLF and lower under-recovery in Mundra Operating Income 17,329 16,256 1,073 64,502 61,542 2,960 and higher billing efficiency in Odisha DISCOMs Ope
Slide 55: Tata Power (Standalone) Financial Performance
Tata Power (Standalone) Financial Performance ₹ Crore unless stated Particulars Q4 FY25 Q4 FY24 Var FY25 FY24 Var Quarter Variance Remarks Operating Income 5,756 5,133 623 21,288 20,297 991 Higher PLF in Mundra, higher carrying cost on RA offset Operating Expenses 4,748 4,206 (542) 16,873 16,193 (68
Slide 56: Maithon Power Limited - Highlights
Maithon Power Limited - Highlights ₹ Crore unless stated Particulars Q4 FY25 Q4 FY24 Var FY25 FY24 Var Quarter Variance Remarks Generation (MUs) 1,502 2,054 (552) 7,253 8,179 (926) Sales (MUs) 1,738 1,949 (211) 7,138 8,017 (879) Availability (%) (Plant) 83% 94% 87% 95% PLF (%) 79% 90% 79% 89% Financ
Slide 57: Prayagraj Power Generation Co. Ltd. - Highlights
Prayagraj Power Generation Co. Ltd. - Highlights ₹ Crore unless stated Particulars Q4 FY25 Q4 FY24 Var FY25 FY24 Var Quarter Variance Remarks Generation (MUs) 3,215 2,999 216 12,987 12,699 288 Sales (MUs) 3,040 2,832 208 12,256 11,973 283 Availability (%) 87% 80% 7% 87% 83% 4% PLF % 75% 70% 5% 75% 7
Slide 58: Tata Power Delhi Distribution Ltd. - Highlights
Tata Power Delhi Distribution Ltd. - Highlights ₹ Crore unless stated Particulars Q4 FY25 Q4 FY24 Var FY25 FY24 Var Quarter Variance Remarks Purchase (MUs) 2,176 2,208 (32) 11,435 10,658 778 Sales (MUs) 2,068 2,077 (9) 10,807 10,024 783 Revenue Per Unit 9.2 10.5 (1.3) 9.5 10.0 (0.5) PPC Per Unit 7.5
Slide 59: Q4 FY25 Odisha Discoms – Highlights
Q4 FY25 Odisha Discoms – Highlights ₹ Crore unless stated Particulars TPCODL TPSODL TPWODL TPNODL Q4 FY25 Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Q4 FY24 Purchase (MUs) 2,553 2,445 1,097 1,040 2,852 3,245 1,653 1,598 Sales (MUs) 2,131 1,943 852 748 2,415 2,802 1,498 1,378 Revenue per unit 6.
Slide 60: FY25 Odisha Discoms – Highlights
FY25 Odisha Discoms – Highlights ₹ Crore unless stated Particulars TPCODL TPSODL TPWODL TPNODL FY25 FY24 FY25 FY24 FY25 FY24 FY25 FY24 Purchase (MUs) 11,981 11,299 4,576 4,345 11,831 12,752 7,389 7,047 Sales (MUs) 9,692 8,853 3,507 3,195 9,912 10,644 6,468 6,017 Revenue per unit 6.1 5.9 6.9 6.6 6.4
Slide 61: RE Generation
RE Generation* ₹ Crore unless stated Particulars Q4 FY25 Q4 FY24 Var FY25 FY24 Var Quarter Variance Remarks Capacity - Total (MW) 5,540 4,515 1,026 5,540 4,515 1,026 Capacity - Wind (MW) 1,030 1,030 0 1,030 1,030 0 Capacity - Solar (MW) 4,510 3,485 1,026 4,510 3,485 1,026 Generation (MUs) 2,660 2,03
Slide 62: Solar EPC – Highlights
Solar EPC* – Highlights ₹ Crore unless stated Particulars Q4 FY25 Q4 FY24 Var FY25 FY24 Var Quarter Variance Remarks Operating Income 3,110 4,287 (1,177) 10,043 11,726 (1,682) -Large projects & Group Captive 2,246 3,671 (1,425) 7,833 10,011 (2,178) -Solar Rooftop 864 616 248 2,210 1,715 495 Operatin
Slide 63: TP Solar (4.3GW Cell & Module Plant) – Highlights
TP Solar (4.3GW Cell & Module Plant) – Highlights ₹ Crore unless stated Particulars Q4 FY25 Q4 FY24 Var FY25 FY24 Var Module produced (MW) 879 130 749 3291 130 3,161 Module sold (MW) 913 109 804 3241 109 3,132 Cell produced (MW) 650 - 650 846 - 846 Financials Operating Income 1,506 233 1,273 5,337 2
Slide 64: Renewables – Consolidated View
Renewables – Consolidated View ₹ Crore unless stated Key Parameters - Renewables Q4 FY25 Q4 FY24 FY25 FY24 Revenue 3,457 3,457 9,876 10,175 EBITDA 1,372 947 4,317 3,422 PAT (before exceptional items) 469 289 1,256 849 Gross Debt 29,605 19,524 29,605 19,524 Net Debt 27,585 18,294 27,585 18,294 Net Wo
Slide 65: Regulated - Equity And Assets
Regulated - Equity And Assets ₹ Crore unless stated Particulars Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Regulated Equity Mumbai Operation 4,778 4,927 4,913 4,935 4,914 Jojobera 551 551 551 551 554 Tata Power Delhi Distribution (100%) 2,070 2,052 2,035 2,018 2,008 TP Central Odisha Dist Ltd (100%) 84
Slide 66: Key Segments - Debt Profile
Key Segments - Debt Profile ₹ Crore unless stated Total Gross Debt (LT + ST) Company Quarterly movement Remarks Q4 FY25 Q3 FY25 QoQ Q4 FY24 YoY Tata Power (Standalone) 16,777 16,935 (158) 19,498 (2,721) Maithon 1,276 1,327 (51) 1,600 (324) Coal SPVs + TPIPL 4,001 4,089 (88) 4,161 (160) RE Gencos 24,
Slide 67: Tata power - Debt Profile
Tata power - Debt Profile ₹ Crore unless stated Consolidated Particulars Q4 FY25 Q3 FY25 Q4 FY24 Rupee Forex Total Total Total Long term 43,280 850 44,130 40,880 37,622 Short term 4,076 420 4,496 4,286 5,000 Current Maturity of LT 6,788 2,731 9,520 9,670 6,858 Total Debt 58,146 54,835 49,480 Less: C
Slide 68: What sets us apart
What sets us apart
Slide 69: Deeply entrenched power company with history of more than 100 years
Deeply entrenched power company with history of more than 100 years 1910-1955 2012-2013 2014-2015 2023 2025 2021 • 1910: Incorporated as • 2014: Entered into • Took over the distribution • Received second tranche of • Tata Power crosses 1GW of RE Tata Hydroelectric Power • 2012: Commissioned 2nd ₹2,
Slide 70: Diversified business and hence stable margins
Diversified business and hence stable margins Revenue (₹ Cr) EBITDA (₹ Cr) Net Debt (₹ Cr) PAT*** (₹ Cr) Tata Power Company Limited (TPCL) FY25 64,502 14,468 44,672 5,197 Thermal Generation, Renewables^ Transmission and Eliminations/ Others Coal & Hydro Distribution (Incl. corporate taxes, expenses
Slide 71: Investor Relations
w w w . t a t a p o w e r. c o m I N V E S TO R R E L AT I O N S T E A M : Mr. Soundararajan Kasturi Mr. Rajesh Lachhani Chief – Treasury & Investor Relations Head – Investor Relations Email: kasturis@tatapower.com Email: rajesh.lachhani@tatapower.com