The 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 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	673,854	624,286	654,782	614,489	551,091	428,157
Revenue Growth	2.00%	-4.66%	6.56%	11.50%	28.71%	30.92%
Fuel & Purchased Power	322,290	271,456	344,421	341,449	328,263	229,315
Operations & Maintenance	25,947	25,947	24,544	20,085	18,263	14,531
Selling, General & Admin	1,682	1,682	1,848	1,546	1,599	1,173
Depreciation & Amortization	50,345	48,111	41,169	37,864	34,392	31,222
Other Operating Expenses	188,068	190,221	143,158	142,998	122,654	106,354
Total Operating Expenses	588,333	537,418	555,140	543,942	505,170	382,596
Operating Income	85,521	86,868	99,643	70,547	45,921	45,561
Interest Expense	-51,659	-49,720	-43,928	-42,500	-40,441	-35,905
Interest Income	12,741	12,741	10,924	15,878	11,326	2,993
Net Interest Expense	-38,918	-36,979	-33,004	-26,622	-29,116	-32,912
Income (Loss) on Equity Investments	11,774	7,079	7,933	11,776	31,995	19,428
Currency Exchange Gain (Loss)	-1,957	-1,957	-1,524	-570.7	-3,248	377.7
Other Non-Operating Income (Expenses)	10,028	2,445	-14,716	-1,496	8,347	-1,421
EBT Excluding Unusual Items	66,448	57,455	58,331	53,634	53,900	31,034
Total Merger & Restructuring Charges	-	-	-1,400	-	-	-
Impairment of Goodwill	-	-	-1,060	-1,009	-	-
Gain (Loss) on Sale of Investments	2,529	314	2,652	3,147	922.2	-1,313
Gain (Loss) on Sale of Assets	-2,067	-2,067	-	1,395	-299.7	-410.9
Asset Writedown	-1,023	-	-380	-	-	-
Other Unusual Items	7,863	10,658	5,053	152.3	47.6	719.7
Pretax Income	73,750	66,360	63,196	57,320	54,570	30,030
Income Tax Expense	17,122	15,184	15,443	14,519	16,473	3,796
Earnings From Continuing Ops.	56,628	51,176	47,754	42,801	38,097	26,234
Earnings From Discontinued Ops.	-	-	-	-	-	-4,678
Net Income to Company	56,628	51,176	47,754	42,801	38,097	21,556
Minority Interest in Earnings	-13,528	-13,704	-8,044	-5,839	-4,732	-4,142
Net Income	43,099	37,472	39,710	36,963	33,364	17,415
Preferred Dividends & Other Adjustments	-	-	-	-	-	295.2
Net Income to Common	43,099	37,472	39,710	36,963	33,364	17,119
Net Income Growth	6.34%	-5.64%	7.43%	10.78%	94.89%	79.05%
Shares Outstanding (Basic)	3,198	3,198	3,198	3,198	3,198	3,198
Shares Outstanding (Diluted)	3,202	3,200	3,200	3,198	3,198	3,198
Shares Change	0.07%	0.00%	0.04%	0.01%	-	5.97%
EPS (Basic)	13.48	11.72	12.42	11.56	10.43	5.35
EPS (Diluted)	13.46	11.71	12.41	11.56	10.43	5.35
EPS Growth	6.27%	-5.64%	7.38%	10.81%	94.85%	68.96%

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Free Cash Flow	-53,466	-77,015	-45,927	-7,367	-4,904	-5,751
Free Cash Flow Per Share	-16.70	-24.07	-14.35	-2.30	-1.53	-1.80
Dividend Per Share	-	2.500	2.250	2.000	2.000	1.750
Dividend Growth	-	11.11%	12.50%	0%	14.29%	12.90%
Profit Margin	6.40%	6.00%	6.07%	6.02%	6.05%	4.00%
Free Cash Flow Margin	-7.93%	-12.34%	-7.01%	-1.20%	-0.89%	-1.34%
EBITDA	133,167	132,279	138,180	106,012	78,304	74,936
EBITDA Margin	19.76%	21.19%	21.10%	17.25%	14.21%	17.50%
D&A For EBITDA	47,646	45,411	38,538	35,465	32,383	29,375
EBIT	85,521	86,868	99,643	70,547	45,921	45,561
EBIT Margin	12.69%	13.91%	15.22%	11.48%	8.33%	10.64%
Effective Tax Rate	23.22%	22.88%	24.44%	25.33%	30.19%	12.64%
Revenue as Reported	691,285	641,717	669,922	632,723	565,471	437,356