Tata Power Company Limited · NSE:TATAPOWER
Tata Power — The Tata Power Company — Q3 FY2025 Earnings Presentation
71 slides from Tata Power's earnings presentation, Feb 4, 2025
Slide 1: The Tata Power Company Limited Financial Results Q3 FY25
The Tata Power Company Limited F I N A N C I A L R E S U LT S – Q 3 F Y 2 5 04 February 2025
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 23 Industry Highlights 30 Business Highlights 44 Operational & Financial Highlights 50 Annexures 68 What sets us Apart
Slide 4: About: Tata Power Company Limited (TPCL)
About: Tata Power Company Limited (TPCL) tatapower.com tatapower.com 4 55MW AC Palaswadi, Maharashtra
Slide 5: India's largest vertically-integrated power company
India’s largest vertically-integrated power company Generation New-age Energy Solutions Generation ~25.6 GW ~16.8 GW ~8.9 GW Total Capacity Clean & Green Energy Thermal energy generation (Operational + Under construction) (Including 10.1 GW Under Construction) (Installed capacity) Transmission Distr
Slide 6: Generation, Transmission and Distribution assets spread across India
Generation, Transmission and Distribution assets spread across India Capacity Mix 8,860 MW 1,034 MW 880 MW (Domestic + Thermal Wind Hydro International) 25,620 MW 443 MW 4,350 MW 10,053* MW Total capacity Waste Heat Solar Clean & Green capacity (Operational + Under construction) Recovery /BFG under
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 % Kaltim Prima Coal (KPC) 30% 78 MT 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) 47,174 10,639* 11,350** 9M FY25 9M FY25 9M 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
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 (IN MW ) Current Operational Capacity share (IN %) 3% 5% 2% 7% Thermal Solar Wind 26% 57% Hydro Hybrid WHRS Capacity share post completion of projects (IN %) 4%2% Thermal 8% Solar 10% 35% Hybrid PSP Total Clean 1
Slide 10: Sustainability: At the core of all that we do
Sustainability: At the core of all that we do Carbon Water Zero Waste Net Zero Neutral to Landfill By 2045 By 2030 By 2030 tatapower.com tatapower.com 10
Slide 11: Our sustainability aspirations
E 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 S cleaning etc.) Impact Lives of 80mn by
Slide 12: Taking leaps towards our ESG goals
Taking leaps towards our ESG goals Bas el i ne Target Pa rti cul ars Des cri pti on On goi ng acti ons Val ue (FY24) Year Val ue Year • 43% Clean & Green portfolio currently; 65% Clean & Green capacity Clean & Green portfolio 16%* 2015 70% 2030 post completion of projects in pipeline • SBTi commitme
Slide 13: Achieving 100% Clean & Green power generation by FY45
Achieving 100% Clean & Green power generation by FY45 2015 2024 2030 2045 Largely a coal-based company, Transitioning towards a Clean & Green capacity will Phasing out thermal portfolio in having capacities to fulfil the clean and green portfolio account for at least 70% of our 2045* as Power Purcha
Slide 14: First integrated power company in India with approved SBTi targets
Tata Power becomes the first integrated power company in India with approved Science-Based Target initiatives (SBTi) Ambitious goals SBTi collaboration SBTi collaboration drives ambitious corporate climate action globally Achievement Reduce Scope 1 GHG Tata Power's near- emissions by 70.5% per Leade
Slide 15: Gradually improving our ESG ratings
Gradually improving our ESG ratings 2024 2023 2022 2021 2020 2019 B B B C C D CDP – Climate Change B B B B C F CDP – Water 68 67 67 67 - 48 S&P - CSA (Higher score is better) A BBB BBB BB BB BB MSCI 37.4 38.5 41.2 38.6 - - Sustainalytics (Lower score is better) Dates of last published ratings: CDP –
Slide 16: Biodiversity Action Plans for all sites
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 16
Slide 17: Empowering Communities
Empowering Communities 62.67 13.2 lakhs lakhs (FY24) Outreach FY25(Q3) Reaching out by Strengthening Public Private Improving Far Community Institutions Partnerships access Reaching (Collaboration & & creating Impact on Leverage) opportunities Community and Co- ownership 100+ Optimal Green Technolog
Slide 18: Key Programmes Footprint and Inclusion Focus
Key Programmes Footprint and Inclusion Focus CSR footprint Tata Power footprint Density areas TP presence 15 110+ 18 AA Density map 18 Aspirational Districts Districts States
Slide 19: Thought Leadership for Social Inclusivity
Thought Leadership for Social Inclusivity • Pay Autention Bridgital Network and the toll-free helpline NGOs promotes phygital support services and capability- building for neurodiverse individuals & care-givers; easing Clinical facilities home-care & early diagnosis in India Corporates • 71 network
Slide 20: 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 21: Robust Governance Structure in place
Robust Governance Structure in place Audit Committee Governance policies • 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 22: Awards & Recognition
Awards & Recognition Odisha CSR and Sustainability Excellence awards 2024 Tata Power awarded in the large cap companies’ for promotion of traditional and craft category at the KPMG ESG Conclave & Awards Tata Power has been honored with the Mahatma Award 2024 for CSR Excellence—our second consecutive
Slide 23: Industry Highlights
Industry Highlights tatapower.com tatapower.com 23
Slide 24: Power Demand is up 4.5% Y-o-Y in 9MFY25 despite weak Q2
Power Demand is up 4.5%Y-o-Y in 9MFY25 despite weak Q2 India has one of the lowest Ratio of Power Generation Monthly Energy Requirement Coal-based plants' PLF % power consumption per capita Growth to GDP growth has (IN BUs) (IN KW H) increased in the past 5 years (IN %) 30,000 85% 175.0 25% 7% 1.2x
Slide 25: RE accounted for 94% of Capacity additions in India during 9MFY25
RE accounted for 94% of Capacity additions in India during 9MFY25 Total Installed Capacity in India 5.2GW added in Dec-24 20.0 GW added in 9MFY25* Renewables (incl. Hydro) accounted for currently stands at 462GW (IN GW ) (IN GW ) ~94% of capacity additions in 9MFY25 (IN %) 9.0 Thousands 8.0 0% 0% 0%
Slide 26: Cell and Module prices continue to decline; Coal has stabilized
Cell and Module prices continue to decline; Coal has stabilized Price Movement of Polysilicon & Wafer Price Movement* of Solar Cell & Module Thermal Coal Prices (US$/t) 42 1.4 450 0.28 35 1.2 400 1.0 0.23 350 28 300 0.8 0.18 21 250 0.6 0.13 200 14 0.4 0.09 150 5.54 126.6 0.08 7 0.2 122.5 0.04 100 0.
Slide 27: RE auctions at a record ~29 GW in YTD FY25
RE auctions at a record ~29 GW in YTD FY25 Minimum e-reverse auction tariff’s (₹/kWh) in YTD FY25 Renewable energy auction volumes (GW) 4.8 9.3 4.4 4.3 4.1 4.1 4.1 6.5 3.8 0.2 3.8 1.2 3.8 3.6 1.4 2.2 8.2 3.6 1.7 3.3 3.3 3.3 3.3 3.2 3.2 3.2 3.3 0.8 3.2 3.2 2.5 8.2 5.6 2.8 2.8 3.1 2.7 0.32 1.7 2.8 2.7
Slide 28: Transmission auction bids continue to surge in YTD FY25
Transmission auction bids continue to surge in YTD FY25 USD110 Bn transmission Capex anticipated in YTD FY25 Transmission Auction Bids surge to nearly India between FY25-32E (USD Bn) 2.3x FY24 Levels (in ₹ Bn) 1,086 Intra-State, USD 32 bn Inter-State Transmission System Intra-State Transmission Syst
Slide 29: 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 dues (in ₹ Cr) declining in the past two years 1,05,330 1,02,780 All India basis 83,716 26.6 59,127 25.7 25.5 23.7 23.7 22.6 22.3 30,785 21.6 21.5 25,016 26,2
Slide 30: Business Highlights
Business Highlights tatapower.com tatapower.com 30 Neemuch 330MW Solar Plant, Madhya Pradesh
Slide 31: Key Highlights
Key Highlights TPREL commissioned one of Signed an MoU with the Odisha Tata Power Trading Company Awarded for significant Tivolt has signed a India’s largest floating solar Renewable Energy Development Ltd. (TPTCL) partnered with engagement in excellence MoU with TPREL, to projects of 126 MWp in Age
Slide 32: Solar Utility Scale EPC (incl. Group Captive) Update
Solar Utility Scale EPC (incl. Group Captive) Update WELL DIVERSIFIED UTILITY Utility Scale EPC & Group Captive BUSINESS UPDATES SCALE ORDER BOOK Order Book (IN ₹ CRORE) • Utility Scale (including CUSTOMER ORDER BOOK (₹ CR) Group Captive) Solar EPC business has won 614MW Tata Power Group 6,880 order
Slide 33: Solar Rooftop – Q3 FY25 Highlights
Solar Rooftop – Q3 FY25 Highlights 3 rd PARTY ROOFTOP ORDER BOOK (₹ cr.) Revenue of 3 rd Party Rooftop (In ₹ Crore) 5 5 Q3 FY25 509 Q2 FY25 439 4 Q3 FY24 444 Order book at Orders received Q3 Order book at the end in Q3 Revenue the end of Q2 FY25 of Q3 FY25 267 MW orders w on in YTD FY25 Revenue Brea
Slide 34: Tata Power – EZ Charge
Tata Power – EZ Charge Cities and towns covered Public and Captive Charging Points 582 5,488 5,500 518 BUSINESS HIGHLIGHTS 3,778 326 242 1,128 67 344 FY 21 FY 22 FY 23 FY 24 YTD FY 25 FY 21 FY 22 FY 23 FY 24 YTD FY 25 Home Chargers E-Bus Charging Points 1,23,488 1,156 858 86,086 38,899 234 13,107 84
Slide 35: Odisha Discoms – Q3 FY25 Highlights
Odisha Discoms – Q3 FY25 Highlights STRONG OPERATIONAL PERFORMANCE ACROSS ALL DISCOMS THEFT M ETERS S U B S T AT I O N S P R E - T AK E O V E R L O AD R E P L AC E D AU T O M AT E D ( N o ’ s ) AR R E AR S (MWp) (in lakhs) COLLECTED (₹Crs) Smart M eters REDUCING AT&C LOSSES => Q3 Upto Q3 Upto Q3 Upt
Slide 36: 4.3 GW Cell and Module Manufacturing Plant - Update
4.3 GW Cell and Module Manufacturing Plant - Update 4.3GW Module plant Additional 2GW Mono PERC 0.3GW TOPCon Cell line operating at >90% Cell line commissioned in to be commissioned in utilisation Dec’24 Q4FY25 Module production ramp up (GW) Cell production ramp up (GW) ~ 4.0 ~4.0 ~3.3 ~ 1.0 0.9 0.9
Slide 37: 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 Central 1 Cr Sr. Type of Residential No. Segment Financial Assistance Cost to Customer Households with Solar Rooftops (CFA) • Attractive subsidies till 3 kW • Program beneficial
Slide 38: 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 in the India has 14.5GW of installed Tata Power has 13.1% market share in Solar past 4 years (in MW) solar rooftop capacity (In MW) Rooftop EPC Market Size = 2,855 MW in CY23 2,855 3,669 2,640 Tata Power Roofsol
Slide 39: 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 Total capacity (MW) 1,317 MW 585 MW 501 MW Tender type FDRE FDRE Hybrid Capacity sizing (x) ~3x ~3x ~1.3x Ex
Slide 40: 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 Shirwat
Slide 41: 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 5 GW Existing hydro station Chamkharchhu IV Proposed Hydro Bhutan’s vision 2040 for solar 740 MW HPP Power Plants (HPP) Dorjilung Khorlochhu 2.4 GW Potenti
Slide 42: 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 43: 2/3rd of transmission projects are expected to commission in CY25
2/3rd of transmission projects are expected to commission in CY25 Project Tata Power stake Under construction Capex Date of commissioning Revenue 2027 ERES XXXIX 100% 377 Ckt Kms ₹2,500 Cr December, 2027 ₹290 Cr Transmission Paradeep 100% 384 Ckt Kms ₹2,300 Cr November, 2026 2026 Transmission ₹256 C
Slide 44: Operational & Financial Highlights
Operational & Financial Highlights tatapower.com tatapower.com 44
Slide 45: Q3 FY25 Operational Highlights
Q3 FY25 Operational Highlights Generation - Availability Plant Load or Capacity Utilization Factor AT&C Losses - Distribution IN % IN % IN % 100 100 98 98 98 100 100 100 97 94 8.7 91 89 76 75 74 8.1 8.2 78 65 73 60 5.7 5.6 50 5.1 54 43 34 32 32 21 20 20 0.5 12 11 -0.2 0.5 Thermal Mundra MO Hydro WIN
Slide 46: 9M FY25 Operational Highlights
9M FY25 Operational Highlights Generation - Availability Plant Load or Capacity Utilization Factor AT&C Losses - Distribution IN % IN % IN % 99 99 98 100 100 98 77 74 8.7 91 8.2 89 63 76 69 54 5.7 5.6 44 41 22 22 22 22 0.5 -0.2 Thermal Mundra MO Hydro WIND SOLAR SOLAR MO- Thermal Mundra MO Hydro WIN
Slide 47: Financial Highlights – Q3 FY25
Financial Highlights – Q3 FY25 (In ₹ Cr) Posted Y-o-Y PAT growth for the 21st consecutive quarter Revenue EBITDA* Underlying EBITDA 1.9% 7.1% (including share of JVs and Associates) 4.5% Q3 FY25 15,118 Q3 FY25 Q3 FY25 3,668 3,481 Q2 FY25 15,247 Q2 FY25 3,808 Q2 FY25 4,043 -9.3% -0.8% Q3 FY24 -8.6% Q
Slide 48: Financial Highlights – YTD FY25
Financial Highlights – YTD FY25 (In ₹ Cr) Robust fundamentals as core businesses reported highest ever EBITDA in 9M FY25 Revenue EBITDA* Underlying EBITDA 4.2% 13.9% (including share of JVs and Associates) 11.2% YTD FY25 47,174 YTD FY25 10,639 YTD FY25 11,350 YTD FY24 45,286 YTD FY24 9,342 YTD FY24
Slide 49: 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) Q3 FY25 44,706 Q2 FY25 43,580 Q3 FY24 38,599 Balance Sheet continues to be strong Q2 FY25 Cash from Income Others WC Changes Interest Business as Capex Q3 FY25
Slide 50: Annexures
Annexures tatapower.com tatapower.com 50 126MWp Floating Solar Omkareshwar, Madhya Pradesh
Slide 51: Entity-wise Consolidated Performance – Q3FY25
Entity-wise Consolidated Performance – Q3FY25 ₹ Crore unless stated Particulars Op Income EBITDA^^ PAT Q3 FY25 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Q3 FY24 Consolidated before exceptional items 15,118 14,841 3,481 3,250 1,188 1,076 Standalone & Key Subsidiaries Tata Power (Standalone) 5,409 5,063 1,877 1
Slide 52: Entity-wise Consolidated Performance – YTD FY25
Entity-wise Consolidated Performance – YTD FY25 ₹ Crore unless stated Particulars Op Income EBITDA^^ PAT YTD FY25 YTD FY24 YTD FY25 YTD FY24 YTD FY25 YTD FY24 Consolidated before exceptional items 47,174 45,286 10,639 9,342 3,909 3,000 Standalone & Key Subsidiaries Tata Power (Standalone) 15,532 15,
Slide 53: Cluster-wise Consolidated Performance – Q3 FY25
Cluster-wise Consolidated Performance – Q3 FY25 ₹ Crore unless stated Particulars Op Income EBITDA^^ PAT Q3 FY25 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Q3 FY24 Consolidated before exceptional items 15,118 14,841 3,481 3,250 1,188 1,076 Thermal Generation, Coal and Hydro 4,925 4,958 1,170 884 764 456 Maitho
Slide 54: Cluster-wise Consolidated Performance – YTD FY25
Cluster-wise Consolidated Performance – YTD FY25 ₹ Crore unless stated Particulars Op Income EBITDA^^ PAT YTD FY25 YTD FY24 YTD FY25 YTD FY24 YTD FY25 YTD FY24 Consolidated before exceptional items 47,174 45,286 10,639 9,342 3,909 3,000 Thermal Generation, Coal and Hydro 14,451 14,758 3,110 2,991 1,
Slide 55: Tata Power (Consolidated) Performance
Tata Power (Consolidated) Performance ₹ Crore unless stated Particulars Q3 FY25 Q3 FY24 Var YTD FY25 YTD FY24 Var Quarter Variance Remarks Higher PLF & regulatory upside in Mundra partially Operating Income 15,118 14,841 276 47,174 45,286 1,888 offset by loss of revenue in MO-G & lower execution of
Slide 56: Tata Power (Standalone) Financial Performance
Tata Power (Standalone) Financial Performance ₹ Crore unless stated Particulars Q3 FY25 Q3 FY24 Var YTD FY25 YTD FY24 Var Quarter Variance Remarks Higher PLF and regulatory upside in Mundra partially offset Operating Income 5,409 5,063 346 15,532 15,164 368 by unavailablility of Unit 5 in MO-G Opera
Slide 57: Maithon Power Limited - Highlights
Maithon Power Limited - Highlights ₹ Crore unless stated Particulars Q3 FY25 Q3 FY24 Var YTD FY25 YTD FY24 Var Quarter Variance Remarks Generation (MUs) 1,502 2,076 (574) 5,474 6,125 (651) Sales (MUs) 1,467 2,030 (563) 5,401 6,068 (667) Availability (%) (Plant) 72% 96% -24% 89% 95% -6% PLF (%) 65% 9
Slide 58: Prayagraj Power Generation Co. Ltd. - Highlights
Prayagraj Power Generation Co. Ltd. - Highlights ₹ Crore unless stated Particulars Q3 FY25 Q3 FY24 Var YTD FY25 YTD FY24 Var Quarter Variance Remarks Generation (MUs) 3,017 3,131 (114) 9,771 9,700 71 Sales (MUs) 2,845 2,947 (102) 9,216 9,142 74 Availability (%) 87% 80% 7% 91% 84% 7% PLF % 69% 72% -3
Slide 59: Tata Power Delhi Distribution Ltd. - Highlights
Tata Power Delhi Distribution Ltd. - Highlights ₹ Crore unless stated Particulars Q3 FY25 Q3 FY24 Var YTD FY25 YTD FY24 Var Quarter Variance Remarks Purchase (MUs) 2,416 2,228 189 9,259 8,449 810 Sales (MUs) 2,279 2,096 183 8,739 7,947 792 Revenue Per Unit 9.4 10.5 (1.1) 9.6 9.9 (0.3) PPC Per Unit 6
Slide 60: Q3 FY25 Odisha Discoms – Highlights
Q3 FY25 Odisha Discoms – Highlights ₹ Crore unless stated Particulars TPCODL TPSODL TPWODL TPNODL Q3 FY25 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Q3 FY24 Purchase (MUs) 2,611 2,562 1,031 1,007 2,792 3,137 1,650 1,603 Sales (MUs) 2,147 2,043 798 717 2,362 2,607 1,457 1,344 Revenue per unit 6.
Slide 61: YTD FY25 Odisha Discoms – Highlights
YTD FY25 Odisha Discoms – Highlights ₹ Crore unless stated Particulars TPCODL TPSODL TPWODL TPNODL YTD FY25 YTD FY24 YTD FY25 YTD FY24 YTD FY25 YTD FY24 YTD FY25 YTD FY24 Purchase (MUs) 9,429 8,854 3,479 3,305 8,980 9,508 5,736 5,449 Sales (MUs) 7,561 6,910 2,656 2,448 7,497 7,842 4,971 4,640 Revenu
Slide 62: RE Generation
RE Generation* ₹ Crore unless stated Particulars Q3 FY25 Q3 FY24 Var YTD FY25 YTD FY24 Var Quarter Variance Remarks Capacity - Total (MW) 5,375 4,261 1,114 5,375 4,261 1,114 Capacity - Wind (MW) 1,030 1,019 11 1,030 1,019 11 Capacity - Solar (MW) 4,345 3,242 1,103 4,345 3,242 1,103 Generation (MUs)
Slide 63: Solar EPC – Highlights
Solar EPC – Highlights ₹ Crore unless stated Particulars Q3 FY25 Q3 FY24 Var YTD FY25 YTD FY24 Var Quarter Variance Remarks Operating Income 1,749 4,037 (2,288) 6,933 7,439 (506) Operating expenses 1,497 3,836 2,339 6,387 7,070 683 Operating profit 252 202 50 546 369 177 Other income 28 2 26 55 27 2
Slide 64: Renewables – Consolidated View
Renewables – Consolidated View ₹ Crore unless stated Key Parameters - Renewables Q3 FY25 Q3 FY24 YTD FY25 YTD FY24 Revenue 2,123 2,484 6,419 6,718 EBITDA 989 755 2,945 2,475 PAT (before exceptional items) 214 134 787 560 Gross Debt 26,986 17,588 26,986 17,588 Net Debt 26,675 16,278 26,675 16,278 Net
Slide 65: Regulated - Equity And Assets
Regulated - Equity And Assets ₹ Crore unless stated Particulars Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Regulated Equity Mumbai Operation 4,927 4,913 4,935 4,914 4,673 Jojobera 551 551 551 554 548 Tata Power Delhi Distribution (100%) 2,052 2,035 2,018 2,008 1,961 TP Central Odisha Dist Ltd (100%) 71
Slide 66: Key Segments - Debt Profile
Key Segments - Debt Profile ₹ Crore unless stated Total Gross Debt (LT + ST) Company Quarterly movement Remarks Q3 FY25 Q2 FY25 QoQ Q3 FY24 YoY Tata Power (Standalone) 16,935 17,542 (607) 20,296 (3,361) Maithon 1,327 1,472 (145) 1,440 (113) Coal SPVs + TPIPL 4,089 4,263 (174) 4,263 (174) TPREL & Sub
Slide 67: Tata power - Debt Profile
Tata power - Debt Profile ₹ Crore unless stated Consolidated Particulars Q3 FY25 Q2 FY25 Q3 FY24 Rupee Forex Total Total Total Long term 40,029 851 40,880 39,232 34,652 Short term 3,782 504 4,286 5,675 6,904 Current Maturity of LT 6,936 2,734 9,670 9,085 6,543 Total Debt 54,835 53,992 48,099 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 2007 2011 2018-2019 2020 2024 • 1910: Incorporated as • Completed acquisition of • Commissioned first solar • Resurgent Power Ventures • Sold 3 ships for $213 Mn • TPREL received a Letter of Award Tata Hydroelectric 30% st
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) YTD FY25 47,174 10,639 44,706 3,909 Thermal Generation, Renewables^ Transmission and Eliminations/ Others Coal & Hydro Distribution (Incl. corporate taxes, exp
Slide 71: Thank You!
Thank You! www.tatapower.com www.tatapower.com I N V E S T O 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
The Tata Power Company — Q3 FY2025 Earnings Presentation on 6ix