Tata Power Company Income Statement

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	646,243	654,782	614,489	551,091	428,157	327,033
Revenue Growth (YoY)	0.62%	6.56%	11.50%	28.71%	30.92%	12.24%
Fuel & Purchased Power	293,324	344,421	341,449	328,263	229,315	174,094
Operations & Maintenance	24,544	24,544	20,085	18,263	14,531	10,057
Selling, General & Admin	1,848	1,848	1,546	1,599	1,173	600.6
Depreciation & Amortization	46,471	41,169	37,864	34,392	31,222	27,449
Other Operating Expenses	187,599	143,158	142,998	122,654	106,354	71,596
Total Operating Expenses	553,787	555,140	543,942	505,170	382,596	283,796
Operating Income	92,456	99,643	70,547	45,921	45,561	43,237
Interest Expense	-48,348	-43,625	-42,500	-40,441	-35,905	-37,897
Interest Income	10,924	10,924	15,878	11,326	2,993	1,607
Net Interest Expense	-37,424	-32,701	-26,622	-29,116	-32,912	-36,290
Income (Loss) on Equity Investments	5,401	7,933	11,776	31,995	19,428	8,734
Currency Exchange Gain (Loss)	-1,524	-1,524	-570.7	-3,248	377.7	-943.1
Other Non-Operating Income (Expenses)	-3,391	-15,019	-1,496	8,347	-1,421	4,791
EBT Excluding Unusual Items	55,518	58,331	53,634	53,900	31,034	19,529
Total Merger & Restructuring Charges	-	-1,400	-	-	-	-
Impairment of Goodwill	-1,060	-1,060	-1,009	-	-	-
Gain (Loss) on Sale of Investments	2,652	2,652	3,147	922.2	-1,313	391.4
Gain (Loss) on Sale of Assets	-	-	1,395	-299.7	-410.9	59.7
Asset Writedown	-380	-380	-	-	-	-
Legal Settlements	-	-	-	-	-	-1,093
Other Unusual Items	8,053	5,053	152.3	47.6	719.7	162.1
Pretax Income	64,783	63,196	57,320	54,570	30,030	19,049
Income Tax Expense	14,702	15,443	14,519	16,473	3,796	4,201
Earnings From Continuing Ops.	50,081	47,754	42,801	38,097	26,234	14,849
Earnings From Discontinued Ops.	-	-	-	-	-4,678	-462
Net Income to Company	50,081	47,754	42,801	38,097	21,556	14,387
Minority Interest in Earnings	-12,140	-8,044	-5,839	-4,732	-4,142	-3,113
Net Income	37,941	39,710	36,963	33,364	17,415	11,274
Preferred Dividends & Other Adjustments	-	-	-	-	295.2	1,712
Net Income to Common	37,941	39,710	36,963	33,364	17,119	9,562
Net Income Growth	-0.77%	7.43%	10.78%	91.59%	54.47%	10.81%
Shares Outstanding (Basic)	3,200	3,198	3,198	3,198	3,198	3,018
Shares Outstanding (Diluted)	3,200	3,200	3,198	3,198	3,198	3,018
Shares Change (YoY)	-0.10%	0.04%	0.01%	-	5.97%	11.47%
EPS (Basic)	11.86	12.42	11.56	10.43	5.35	3.17
EPS (Diluted)	11.86	12.41	11.56	10.43	5.35	3.17
EPS Growth	-0.70%	7.38%	10.81%	94.85%	68.96%	1.35%
Free Cash Flow	-	-45,927	-7,367	-4,904	-5,751	50,093
Free Cash Flow Per Share	-	-14.35	-2.30	-1.53	-1.80	16.60
Dividend Per Share	-	2.250	2.000	2.000	1.750	1.550
Dividend Growth	-	12.50%	-	14.29%	12.90%	-
Profit Margin	5.87%	6.07%	6.02%	6.05%	4.00%	2.92%
Free Cash Flow Margin	-	-7.01%	-1.20%	-0.89%	-1.34%	15.32%
EBITDA	133,298	138,180	106,012	78,304	74,936	68,324
EBITDA Margin	20.63%	21.10%	17.25%	14.21%	17.50%	20.89%
D&A For EBITDA	40,842	38,538	35,465	32,383	29,375	25,087
EBIT	92,456	99,643	70,547	45,921	45,561	43,237
EBIT Margin	14.31%	15.22%	11.48%	8.33%	10.64%	13.22%
Effective Tax Rate	22.69%	24.44%	25.33%	30.19%	12.64%	22.05%
Revenue as Reported	661,631	669,922	632,723	565,471	437,356	331,426

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.