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	Jun 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	635,292	614,489	551,091	428,157	327,033	291,364
Revenue Growth (YoY)	13.80%	11.50%	28.71%	30.92%	12.24%	-2.49%
Fuel & Purchased Power	351,597	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	38,658	37,864	34,392	31,222	27,449	26,336
Other Operating Expenses	147,222	142,998	122,654	106,354	71,596	40,667
Total Operating Expenses	559,109	543,942	505,170	382,596	283,796	237,101
Operating Income	76,184	70,547	45,921	45,561	43,237	54,262
Interest Expense	-42,048	-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	-26,170	-26,622	-29,116	-32,912	-36,290	-40,988
Income (Loss) on Equity Investments	11,163	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)	-6,777	-1,550	8,347	-1,421	4,791	-3,165
EBT Excluding Unusual Items	53,829	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	2,192	152.3	47.6	719.7	162.1	-213.2
Pretax Income	57,261	57,320	54,570	30,030	19,049	23,489
Income Tax Expense	13,984	14,519	16,473	3,796	4,201	6,222
Earnings From Continuing Ops.	43,278	42,801	38,097	26,234	14,849	17,267
Earnings From Discontinued Ops.	-	-	-	-4,678	-462	-4,102
Net Income to Company	43,278	42,801	38,097	21,556	14,387	13,164
Minority Interest in Earnings	-6,331	-5,839	-4,732	-4,142	-3,113	-2,991
Net Income	36,947	36,963	33,364	17,415	11,274	10,174
Preferred Dividends & Other Adjustments	-	-	-	295.2	1,712	1,710
Net Income to Common	36,947	36,963	33,364	17,119	9,562	8,464
Net Income Growth	5.13%	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)	3,200	3,198	3,198	3,198	3,018	2,708
Shares Change (YoY)	0.09%	0.01%	-	5.97%	11.47%	-
EPS (Basic)	11.56	11.56	10.43	5.35	3.17	3.13
EPS (Diluted)	11.55	11.56	10.43	5.35	3.17	3.13
EPS Growth	5.07%	10.81%	94.85%	68.96%	1.35%	-61.27%
Free Cash Flow	-	-7,366	-4,904	-5,751	50,093	51,495
Free Cash Flow Per Share	-	-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	5.82%	6.02%	6.05%	4.00%	2.92%	2.90%
Free Cash Flow Margin	-	-1.20%	-0.89%	-1.34%	15.32%	17.67%
EBITDA	112,419	106,012	78,304	74,936	68,324	78,626
EBITDA Margin	17.70%	17.25%	14.21%	17.50%	20.89%	26.99%
D&A For EBITDA	36,235	35,465	32,383	29,375	25,087	24,364
EBIT	76,184	70,547	45,921	45,561	43,237	54,262
EBIT Margin	11.99%	11.48%	8.33%	10.64%	13.22%	18.62%
Effective Tax Rate	24.42%	25.33%	30.19%	12.64%	22.05%	26.49%
Revenue as Reported	653,286	632,723	565,471	437,356	331,426	296,990

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