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The above consolidated financial results of The Tata Power Company Limited (“the Holding Company”) and its subsidiaries (together referred to as Group ) 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 Group has recognised INR 416 crore as other Income in the consolidated 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 Group 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 Holding Company is supplying power from 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 Holding 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 direction upto 30th June, 2024. 5. During the quarter ended 30th September 2023, the shareholders of the Holding Company approved ‘The Tata Power Company Limited – Employee Stock Option Plan 2023’. During this quarter, the Holding 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 Group, 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 Group has recognised employee stock option cost of INR 3 crore. 6. During the quarter ended 30th June, 2023, Tata Projects Limited, an associate, has issued equity shares to other investors resulting into a dilution of 16.97%. Gain on dilution of INR 235 crore has been recognized as exceptional item in the consolidated financial results. 7. Figures for the previous periods/year are re-classified/re-arranged/re-grouped, wherever necessary. 8. The standalone audited financial results of the Holding Company are available for Investors at www.tatapower.com, www.nseindia.com and www.bseindia.com. Multi segment 2023-04-01 2023-12-31 Unaudited Consolidated 456023200000.00 12060600000.00 468083800000.00 36687300000.00 264700000.00 -4630100000.00 29515900000.00 34975000000.00 27456000000.00 309665400000.00 433934200000.00 34149600000.00 2346800000.00 36496400000.00 5257100000.00 4347700000.00 9604800000.00 -3158600000.00 23733000000.00 0.00 0.00 0.00 8612100000.00 32345100000.00 2496400000.00 34841500000.00 28010400000.00 4334700000.00 30582500000.00 4259000000.00 3195600000.00 1 8.77 8.77 0.00 0.00 8.77 8.77 0.01 0.01 0.02 Cost of Fuel 35684600000.00 Cost of Power Purchased 45869400000.00 Other Expenses 14750800000.00 Transmission Charges 2600100000.00 Cost of Fuel 106154700000.00 Cost of Power Purchased 155626500000.00 Other Expenses 39406800000.00 Transmission Charges 8477400000.00 Generation 49584400000.00 Others 1092900000.00 Renewables 24839300000.00 Transmission and Distribution 84504100000.00 Generation 147583600000.00 Others 3177200000.00 Renewables 67185700000.00 Transmission and Distribution 271809200000.00 160020700000.00 489755700000.00 11814400000.00 37480200000.00 148206300000.00 452275500000.00 Generation 8600300000.00 Others 375600000.00 Renewables 4634700000.00 Transmission and Distribution 6119000000.00 Generation 29470100000.00 Others 731600000.00 Renewables 15285200000.00 Transmission and Distribution 18044200000.00 19729600000.00 63531100000.00 10942600000.00 34975000000.00 -6100600000.00 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. It also comprises of coal - mining, trading, shipping and related infra business. Renewables: Comprises of generation of power from renewable energy sources i.e. wind and solar. It also comprises rooftop solar projects, electric vehicle charging stations, EPC and maintenance services with respect to solar. Transmission and Distribution: Comprises of transmission and distribution network, sale of power to retail customers through distribution network and related ancillary services. It also comprises of power trading business. Others: Comprises of project management contracts/infrastructure management services, property development, lease rent of oil tanks and satellite communication. * Includes assets 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 (Unaudited) (Unaudited) Revenue from Operations 14,651.00 45,602.32 Add/(Less): Total Net Movement in Regulatory Deferral Balances 189.72 (315.86) Add/(Less): Unallocable Revenue (20.09) (58.91) Total Segment Revenue as reported above 14,820.63 45,227.55 -13393800000.00 14887600000.00 41949900000.00 Generation 408104600000.00 Others 16383200000.00 Renewables 379063000000.00 Transmission and Distribution 392819800000.00 1196370600000.00 167193300000.00 1363563900000.00 Generation 67417300000.00 Others 1186600000.00 Renewables 76684100000.00 Transmission and Distribution 246530600000.00 391818600000.00 601566100000.00 993384700000.00 Remeasurement of Defined Benefit Plan -127600000.00 Movement in Regulatory Deferral Balances 113100000.00 Equity Instrument classified as FVTOCI 893000000.00 Share of Other Comprehensive Income/(Loss) of Associates nand Joint Ventures accounted for using the Equity Method (net of tax) -7100000.00 Remeasurement of Defined Benefit Plan -457700000.00 Movement in Regulatory Deferral Balances 336600000.00 Equity Instrument classified as FVTOCI 2215500000.00 Share of Other Comprehensive Income/(Loss) of Associates nand Joint Ventures accounted for using the Equity Method (net of tax) -1400000.00 871400000.00 2093000000.00 -2200000.00 -33100000.00 Exchange Differences in translating the financial statements of nforeign operations 101100000.00 Effective portion of cash flow hedge -181000000.00 Share of Other Comprehensive Income/(Loss) of Associates and Joint nVentures accounted for using the Equity Method (net of tax) 196300000.00 Exchange Differences in translating the financial statements of nforeign operations 446900000.00 Effective portion of cash flow hedge -757700000.00 Share of Other Comprehensive Income/(Loss) of Associates and Joint nVentures accounted for using the Equity Method (net of tax) 487900000.00 116400000.00 177100000.00 -60000000.00 -193200000.00