TATAPOWER2023-10-012023-12-31 TATAPOWER2023-10-012023-12-31 TATAPOWER2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member TATAPOWER2023-10-012023-12-31in-bse-fin:OneOperatingExpenses02Member TATAPOWER2023-10-012023-12-31in-bse-fin:OneOperatingExpenses03Member TATAPOWER2023-10-012023-12-31in-bse-fin:OneOperatingExpenses04Member TATAPOWER2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member TATAPOWER2023-10-012023-12-31in-bse-fin:FourOperatingExpenses02Member TATAPOWER2023-10-012023-12-31in-bse-fin:FourOperatingExpenses03Member TATAPOWER2023-10-012023-12-31in-bse-fin:FourOperatingExpenses04Member TATAPOWER2023-12-31 TATAPOWER2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue01Member TATAPOWER2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue02Member TATAPOWER2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue03Member TATAPOWER2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue01Member TATAPOWER2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue02Member TATAPOWER2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue03Member TATAPOWER2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults01Member TATAPOWER2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults02Member TATAPOWER2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults03Member TATAPOWER2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults01Member TATAPOWER2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults02Member TATAPOWER2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults03Member TATAPOWER2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets01Member TATAPOWER2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets02Member TATAPOWER2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets03Member TATAPOWER2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities01Member TATAPOWER2023-12-31in-bse-fin:OneReportableSegmentLiabilities01Member TATAPOWER2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities02Member TATAPOWER2023-12-31in-bse-fin:OneReportableSegmentLiabilities02Member TATAPOWER2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities03Member TATAPOWER2023-12-31in-bse-fin:OneReportableSegmentLiabilities03Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 500400 TATAPOWER NOTLISTED Tata Power Company Limited Equity 2023-04-01 2024-03-31 2024-02-09 2024-01-15 INR Crores Third quarter 14:00:00 16:55:00 2024-02-09 2024-02-09 Not applicable Multi segment 2023-10-01 2023-12-31 Audited Standalone 49262400000.00 4692600000.00 53955000000.00 169100000.00 0.00 0.00 1838800000.00 5333200000.00 2843200000.00 38286800000.00 48471100000.00 5483900000.00 0.00 5483900000.00 -220700000.00 1802300000.00 1581600000.00 1368500000.00 5270800000.00 0.00 0.00 0.00 0.00 5270800000.00 893200000.00 6164000000.00 6164000000.00 0.00 3195600000.00 1 1.33 1.65 0.00 0.00 1.33 1.65 0.02 0.01 0.02 NOTES TO STANDALONE FINANCIAL RESULTS – Q3 FY24 1.The above results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 9th February, 2024. 2.During the quarter ended 31st December 2023, the Board of Directors of Itezhi Tezhi Power Corporation Limited, an investment classified as asset held for sale, in its meeting dated 3rd November 2023 has declared dividend and accordingly the Company has recognised INR 416 crore as other Income in the standalone financial results. 3.Subsequent to the quarter ended 31st December, 2023, Jharkhand State Electricity Regulatory Commission ('JERC') has published revised Tariff Regulation for control period FY 2022 to 2026 and has also passed true up order for FY 2021-22 and FY 2022-23 in relation to two Jojobera units. The Company has considered the aforesaid revised regulation and true up order and accordingly, recognized additional revenue amounting to INR 72 Crore pertaining to earlier years and INR 16 Crore pertaining to previous quarters of current financial year. 4.The Company is supplying power from the Mundra Power Plant based on the directions of Ministry of Power ( MoP ) under Section 11 of the Electricity Act, 2003 since 16th April, 2023 . Accordingly, the Company has recognised revenue based on the Central Electricity Regulatory Commission (CERC) Order dated 3rd January 2023. On 23rd October, 2023, MoP has extended the term of said directions upto 30th June, 2024. 5.During the quarter ended 30th September 2023, the shareholders of the Company approved ‘The Tata Power Company Limited – Employee Stock Option Plan 2023. During this quarter, the Company has granted 64,82,940 (Sixty Four Lakh Eighty Two Thousand Nine Hundred and Forty) employee stock options to the eligible employees of the Company and its subsidiaries, at an exercise price of INR 249.80 (Rupees Two Hundred Forty Nine and Eighty Paise) per option exercisable into equivalent equity shares of INR 1 each subject to fulfilment of vesting conditions. Accordingly, the Company has recognized employee stock option cost of INR 1 crore. 6.Figures for the previous periods/year are re-classified/re-arranged/re-grouped, wherever necessary. Debt Equity Ratio: Total Debt /Total Shareholder's Equity Total Debts - Long term borrowings(including current maturities of long term borrowings), lease liabilities (current and non current), short term borrowings and interest accrued on these debts. Total Shareholder's equity - Issued share capital and other equity Debt Service Coverage Ratio(not annualised): (Profit before exceptional items and tax + interest expenses + depreciation and amortisation-current tax expense)/ (Interest expense + scheduled principal repayment of long-term debt and lease liabilities during the period) For the purpose of computation, scheduled principal repayment of long-term borrowings does not include prepayments(including prepayment by exercise of call / put option). Interest Service Coverage Ratio: (Profit before exceptional items and tax + interest expense) / Interest expense Multi segment 2023-04-01 2023-12-31 Audited Standalone 151327900000.00 11471100000.00 162799000000.00 169100000.00 0.00 0.00 5583600000.00 17186800000.00 8608500000.00 114110600000.00 145658600000.00 17140400000.00 0.00 17140400000.00 -398300000.00 4016900000.00 3618600000.00 315700000.00 13837500000.00 0.00 0.00 0.00 0.00 13837500000.00 2153800000.00 15991300000.00 15991300000.00 0.00 3195600000.00 1 4.25 4.33 0.00 0.00 4.25 4.33 0.02 0.01 0.02 Cost of Fuel 30740100000.00 Cost of Power Purchased 3547900000.00 Other Expenses 3291800000.00 Transmission Charges 707000000.00 Cost of Fuel 92810600000.00 Cost of Power Purchased 10662200000.00 Other Expenses 8545700000.00 Transmission Charges 2092100000.00 Generation 40773500000.00 Others 59100000.00 Transmission and Distribution 14222200000.00 Generation 122789700000.00 Others 175000000.00 Transmission and Distribution 42975400000.00 55054800000.00 165940100000.00 4809200000.00 15441300000.00 50245600000.00 150498800000.00 Generation 4693400000.00 Others 6900000.00 Transmission and Distribution 2824500000.00 Generation 15134800000.00 Others 18300000.00 Transmission and Distribution 8076600000.00 7524800000.00 23229700000.00 5333200000.00 17186800000.00 -4660800000.00 Generation: Comprises of generation of power from hydroelectric sources and thermal sources (coal, gas and oil) from plants owned and operated under lease arrangement and related ancillary services. Renewables: Comprises of generation of power from renewable energy sources i.e. wind and solar, rooftop solar projects and electric vehicle charging stations. During the previous year, the company has sold its renewable business to its subsidiaries. Transmission and Distribution: Comprises of transmission and distribution network, sale of power to retail customers through distribution network and related ancillary services. Others: Comprises of project management contracts/infrastructure management services,property development and lease rent of oil tanks. Unallocable includes assets and liabilities considered as held for sale The Operating Segments have been reported in a manner consistent with the internal reporting provided to the Chief Operating Decision Maker. RECONCILIATION OF REVENUE Quarter ended Nine Months ended Particulars 31-Dec-23 31-Dec-23 (Audited) (Audited) Revenue from Operations 4,926.24 15,132.79 Add/(Less): Total Net Movement in Regulatory Deferral Balances 136.85 31.57 Add/(Less): Unallocable Revenue (38.53) (114.48) Total Segment Revenue as reported above 5,024.56 15,049.88 -11413200000.00 6852400000.00 17456100000.00 Generation 233974800000.00 Others 4430700000.00 Transmission and Distribution 102326500000.00 340732000000.00 145275800000.00 486007800000.00 Generation 62722500000.00 Others 151200000.00 Transmission and Distribution 16474000000.00 79347700000.00 260029300000.00 339377000000.00 893200000.00 2133100000.00 0.00 -20700000.00 0.00 0.00