TATAPOWER2022-10-012022-12-31in-bse-fin:OneOperatingExpenses01Member TATAPOWER2022-10-012022-12-31in-bse-fin:OneOperatingExpenses02Member TATAPOWER2022-10-012022-12-31in-bse-fin:OneOperatingExpenses03Member TATAPOWER2022-10-012022-12-31in-bse-fin:OneOperatingExpenses04Member TATAPOWER2022-10-012022-12-31in-bse-fin:FourOperatingExpenses01Member TATAPOWER2022-10-012022-12-31in-bse-fin:FourOperatingExpenses02Member TATAPOWER2022-10-012022-12-31in-bse-fin:FourOperatingExpenses03Member TATAPOWER2022-10-012022-12-31in-bse-fin:FourOperatingExpenses04Member TATAPOWER2022-10-012022-12-31in-bse-fin:OneReportableSegmentRevenue01Member TATAPOWER2022-10-012022-12-31in-bse-fin:OneReportableSegmentRevenue02Member TATAPOWER2022-10-012022-12-31in-bse-fin:OneReportableSegmentRevenue03Member TATAPOWER2022-10-012022-12-31in-bse-fin:OneReportableSegmentRevenue04Member TATAPOWER2022-10-012022-12-31in-bse-fin:FourReportableSegmentRevenue01Member TATAPOWER2022-10-012022-12-31in-bse-fin:FourReportableSegmentRevenue02Member TATAPOWER2022-10-012022-12-31in-bse-fin:FourReportableSegmentRevenue03Member TATAPOWER2022-10-012022-12-31in-bse-fin:FourReportableSegmentRevenue04Member TATAPOWER2022-10-012022-12-31in-bse-fin:OneReportableSegmentResults01Member TATAPOWER2022-10-012022-12-31in-bse-fin:OneReportableSegmentResults02Member TATAPOWER2022-10-012022-12-31in-bse-fin:OneReportableSegmentResults03Member TATAPOWER2022-10-012022-12-31in-bse-fin:OneReportableSegmentResults04Member TATAPOWER2022-10-012022-12-31in-bse-fin:FourReportableSegmentResults01Member TATAPOWER2022-10-012022-12-31in-bse-fin:FourReportableSegmentResults02Member TATAPOWER2022-10-012022-12-31in-bse-fin:FourReportableSegmentResults03Member TATAPOWER2022-10-012022-12-31in-bse-fin:FourReportableSegmentResults04Member TATAPOWER2022-10-012022-12-31in-bse-fin:OneReportableSegmentAssets01Member TATAPOWER2022-10-012022-12-31in-bse-fin:OneReportableSegmentAssets02Member TATAPOWER2022-10-012022-12-31in-bse-fin:OneReportableSegmentAssets03Member TATAPOWER2022-10-012022-12-31in-bse-fin:OneReportableSegmentAssets04Member TATAPOWER2022-10-012022-12-31in-bse-fin:OneReportableSegmentLiabilities01Member TATAPOWER2022-12-31in-bse-fin:OneReportableSegmentLiabilities01Member TATAPOWER2022-10-012022-12-31in-bse-fin:OneReportableSegmentLiabilities02Member TATAPOWER2022-12-31in-bse-fin:OneReportableSegmentLiabilities02Member TATAPOWER2022-10-012022-12-31in-bse-fin:OneReportableSegmentLiabilities03Member TATAPOWER2022-12-31in-bse-fin:OneReportableSegmentLiabilities03Member TATAPOWER2022-10-012022-12-31in-bse-fin:OneReportableSegmentLiabilities04Member TATAPOWER2022-12-31in-bse-fin:OneReportableSegmentLiabilities04Member TATAPOWER2022-10-012022-12-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member TATAPOWER2022-10-012022-12-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss02Member TATAPOWER2022-10-012022-12-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss03Member TATAPOWER2022-10-012022-12-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member TATAPOWER2022-10-012022-12-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss02Member TATAPOWER2022-10-012022-12-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss03Member TATAPOWER2022-10-012022-12-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member TATAPOWER2022-10-012022-12-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss02Member TATAPOWER2022-10-012022-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member TATAPOWER2022-10-012022-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares TATAPOWER 2022-04-01 2023-03-31 2023-01-09 INR Crores Third quarter Multi segment 2022-10-01 2022-12-31 Unaudited Consolidated 141291200000.00 2728300000.00 144019500000.00 8956400000.00 82200000.00 222900000.00 9171700000.00 10982900000.00 8532600000.00 99510200000.00 137458900000.00 6560600000.00 0.00 6560600000.00 2393500000.00 5725300000.00 8118800000.00 2100100000.00 541900000.00 0.00 0.00 0.00 9979500000.00 10521400000.00 882100000.00 11403500000.00 9450200000.00 1071200000.00 10344700000.00 1058800000.00 3195600000.00 1 2.95 2.95 0.00 0.00 2.95 2.95 0.02 0.01 0.03 NOTES TO THE CONSOLIDATED FINANCIAL RESULTS – Q3 FY23 1. 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 3rd February, 2023. 2. On 5th May, 2022, Ministry of Power ( MoP ) issued directions under Section 11 of the Electricity Act, 2003 to all imported coal-based power plants including Mundra Power plant to operate and generate power to their full capacity. Accordingly, the Holding Company has declared availability and supplied power as per the MoP directions from 6th May, 2022 to 31st December, 2022 and recognized revenue based on the tariff notified by MoP. On 13th September 2022 and 3rd January, 2023, Central Electricity Regulatory Commission (“CERC”) passed favourable orders to compensate adverse financial impact to the Holding Company for power supplied under MoP directions and accordingly, the Holding Company has recognized revenue based on these CERC orders. Revenue for the quarter ended 30th September, 2022 and 31st December, 2022 includes an amount of INR 151 crore and INR 439 crore relating to earlier quarters respectively. 3. During the quarter ended 30th September, 2022, the Group has obtained all necessary approvals pursuant to the agreements signed on 14th April, 2022 with Green Forest New Energies Bidco Ltd. (UK) (“Investors”) and accordingly the investors has invested INR 2,000 crore in Tata Power Renewable Energy Limited (“TPREL”), subsidiary of the Group on preferential basis which resulted in dilution of 6.06% equity stake in TPREL. Additional infusion of INR 2,000 crore will be concluded in accordance with the terms of the agreements. 4. During the quarter ended 30th June, 2022, the Holding Company has reassessed recoverability of unabsorbed depreciation and has recognized deferred tax asset amounting to INR 111 crore. 5. Figures for the previous periods/year are re-classified/re-arranged/re-grouped, wherever necessary. 6. The standalone audited financial results of the Holding Company are available for Investors at www.tatapower.com, www.nseindia.com and www.bseindia.com. Debt Equity Ratio: Total Debt /Total 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 debts. Total Equity - Issued share capital, other equity, unsecured perpetual securities and non-controlling interest. 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 debt 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 2022-04-01 2022-12-31 Unaudited Consolidated 426553200000.00 5664800000.00 432218000000.00 25031200000.00 426200000.00 -748700000.00 27730700000.00 31760900000.00 25129000000.00 316327700000.00 425657000000.00 6561000000.00 0.00 6561000000.00 5583600000.00 8697100000.00 14280700000.00 6224800000.00 -1494900000.00 0.00 0.00 0.00 30203500000.00 28708600000.00 8603200000.00 37311800000.00 25587100000.00 3121500000.00 34123000000.00 3188800000.00 3195600000.00 1 8.00 8.00 0.00 0.00 8.00 8.00 0.02 0.01 0.02 Cost of fuel 37491400000.00 Cost of power purchased 44209400000.00 Other Expenses 14884400000.00 Transmission charges 2925000000.00 Cost of fuel 119770700000.00 Cost of power purchased 147097700000.00 Other Expenses 40347400000.00 Transmission charges 9111900000.00 Generation 53695300000.00 Others 990700000.00 Renewables 19164500000.00 Transmission and Distribution 82556100000.00 Generation 153289300000.00 Others 3033600000.00 Renewables 56099300000.00 Transmission and Distribution 262344400000.00 156406600000.00 474766600000.00 13234900000.00 42647600000.00 143171700000.00 432119000000.00 Generation 18375300000.00 Others 58000000.00 Renewables 4009300000.00 Transmission and Distribution 5010800000.00 Generation 45578400000.00 Others -1616300000.00 Renewables 14316500000.00 Transmission and Distribution 14529800000.00 27453400000.00 72808400000.00 10982900000.00 31760900000.00 -2169700000.00 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 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 (INR crore) Particulars Quarter ended Nine months ended Year ended 31-Dec-22 30-Sep-22 31-Dec-21 31-Dec-22 31-Dec-21 31-Mar-22 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Revenue from Operations 14,129.12 14,030.72 10,913.14 42,655.32 30,855.71 42,815.67 Add/(Less):Net movement in 226.15 122.27 59.94 605.22 (470.93) (380.42) Regulatory Deferral Balances Add/(Less):Deferred Tax (16.14) 9.78 41.86 17.26 106.28 140.95 Recoverable/(Payable) Add/(Less):Unallocable (21.96) (20.73) (34.84) (65.90) (42.82) (54.19) Revenue Total Segment Revenue 14,317.17 14,142.04 10,980.10 43,211.90 30,448.24 42,522.01 as reported above -1941800000.00 18640200000.00 42989300000.00 Generation 417120000000.00 Others 15429800000.00 Renewables 282484400000.00 Transmission and Distribution 357791800000.00 1072826000000.00 163152500000.00 1235978500000.00 Generation 74552400000.00 Others 1377200000.00 Renewables 33640500000.00 Transmission and Distribution 215106600000.00 324676700000.00 600676200000.00 925352900000.00