The Tata Power Company Limited (BOM: 500400)

The Tata Power Company Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	634,889	614,489	551,091	428,157	327,033	291,364
Revenue Growth (YoY)	10.35%	11.50%	28.71%	30.92%	12.24%	-2.49%
Fuel & Purchased Power	344,064	341,449	328,263	229,315	174,094	161,429
Operations & Maintenance	20,085	20,085	18,263	14,531	10,057	8,384
Selling, General & Admin	1,546	1,546	1,599	1,173	600.6	286.8
Depreciation & Amortization	39,266	37,864	34,392	31,222	27,449	26,336
Other Operating Expenses	147,811	142,998	122,654	106,354	71,596	40,667
Total Operating Expenses	552,773	543,942	505,170	382,596	283,796	237,101
Operating Income	82,116	70,547	45,921	45,561	43,237	54,262
Interest Expense	-41,661	-42,500	-40,441	-35,905	-37,897	-43,225
Interest Income	15,878	15,878	11,326	2,993	1,607	2,238
Net Interest Expense	-25,783	-26,622	-29,116	-32,912	-36,290	-40,988
Income (Loss) on Equity Investments	10,999	11,776	31,995	19,428	8,734	9,526
Currency Exchange Gain (Loss)	-570.7	-570.7	-3,248	377.7	-943.1	-1,153
Other Non-Operating Income (Expenses)	-8,611	-1,550	8,347	-1,421	4,791	-3,165
EBT Excluding Unusual Items	58,150	53,581	53,900	31,034	19,529	18,482
Impairment of Goodwill	-1,009	-1,009	-	-	-	-
Gain (Loss) on Sale of Investments	800	3,147	922.2	-1,313	391.4	8,201
Gain (Loss) on Sale of Assets	1,449	1,449	-299.7	-410.9	59.7	-218.3
Legal Settlements	-	-	-	-	-1,093	-2,764
Other Unusual Items	3,301	152.3	47.6	719.7	162.1	-213.2
Pretax Income	62,691	57,320	54,570	30,030	19,049	23,489
Income Tax Expense	18,656	14,519	16,473	3,796	4,201	6,222
Earnings From Continuing Ops.	44,034	42,801	38,097	26,234	14,849	17,267
Earnings From Discontinued Ops.	-	-	-	-4,678	-462	-4,102
Net Income to Company	44,034	42,801	38,097	21,556	14,387	13,164
Minority Interest in Earnings	-6,578	-5,839	-4,732	-4,142	-3,113	-2,991
Net Income	37,457	36,963	33,364	17,415	11,274	10,174
Preferred Dividends & Other Adjustments	-	-	-	295.2	1,712	1,710
Net Income to Common	37,457	36,963	33,364	17,119	9,562	8,464
Net Income Growth	4.90%	10.78%	91.59%	54.47%	10.81%	-56.82%
Shares Outstanding (Basic)	3,197	3,198	3,198	3,198	3,018	2,708
Shares Outstanding (Diluted)	3,202	3,198	3,198	3,198	3,018	2,708
Shares Change (YoY)	0.10%	0.01%	-	5.97%	11.47%	-
EPS (Basic)	11.72	11.56	10.43	5.35	3.17	3.13
EPS (Diluted)	11.70	11.56	10.43	5.35	3.17	3.13
EPS Growth	4.82%	10.81%	94.85%	68.96%	1.35%	-61.27%
Free Cash Flow	-53,016	-7,366	-4,904	-5,751	50,093	51,495
Free Cash Flow Per Share	-16.56	-2.30	-1.53	-1.80	16.60	19.02
Dividend Per Share	-	2.000	2.000	1.750	1.550	1.550
Dividend Growth	-	0%	14.29%	12.90%	0%	19.23%
Profit Margin	5.90%	6.02%	6.05%	4.00%	2.92%	2.90%
Free Cash Flow Margin	-8.35%	-1.20%	-0.89%	-1.34%	15.32%	17.67%
EBITDA	118,983	106,012	78,304	74,936	68,324	78,626
EBITDA Margin	18.74%	17.25%	14.21%	17.50%	20.89%	26.99%
D&A For EBITDA	36,867	35,465	32,383	29,375	25,087	24,364
EBIT	82,116	70,547	45,921	45,561	43,237	54,262
EBIT Margin	12.93%	11.48%	8.33%	10.64%	13.22%	18.62%
Effective Tax Rate	29.76%	25.33%	30.19%	12.64%	22.05%	26.49%
Revenue as Reported	655,099	632,723	565,471	437,356	331,426	296,990

Source: S&P Capital IQ. Utility template. Financial Sources.