TATAPOWER2023-07-012023-09-30 TATAPOWER2023-07-012023-09-30 TATAPOWER2023-07-012023-09-30in-bse-fin:OneOperatingExpenses01Member TATAPOWER2023-07-012023-09-30in-bse-fin:OneOperatingExpenses02Member TATAPOWER2023-07-012023-09-30in-bse-fin:OneOperatingExpenses03Member TATAPOWER2023-07-012023-09-30in-bse-fin:OneOperatingExpenses04Member TATAPOWER2023-07-012023-09-30in-bse-fin:FourOperatingExpenses01Member TATAPOWER2023-07-012023-09-30in-bse-fin:FourOperatingExpenses02Member TATAPOWER2023-07-012023-09-30in-bse-fin:FourOperatingExpenses03Member TATAPOWER2023-07-012023-09-30in-bse-fin:FourOperatingExpenses04Member TATAPOWER2023-09-30 TATAPOWER2023-07-012023-09-30in-bse-fin:OneReportableSegmentRevenue01Member TATAPOWER2023-07-012023-09-30in-bse-fin:OneReportableSegmentRevenue02Member TATAPOWER2023-07-012023-09-30in-bse-fin:OneReportableSegmentRevenue03Member TATAPOWER2023-07-012023-09-30in-bse-fin:OneReportableSegmentRevenue04Member TATAPOWER2023-07-012023-09-30in-bse-fin:FourReportableSegmentRevenue01Member TATAPOWER2023-07-012023-09-30in-bse-fin:FourReportableSegmentRevenue02Member TATAPOWER2023-07-012023-09-30in-bse-fin:FourReportableSegmentRevenue03Member TATAPOWER2023-07-012023-09-30in-bse-fin:FourReportableSegmentRevenue04Member TATAPOWER2023-07-012023-09-30in-bse-fin:OneReportableSegmentResults01Member TATAPOWER2023-07-012023-09-30in-bse-fin:OneReportableSegmentResults02Member TATAPOWER2023-07-012023-09-30in-bse-fin:OneReportableSegmentResults03Member TATAPOWER2023-07-012023-09-30in-bse-fin:OneReportableSegmentResults04Member TATAPOWER2023-07-012023-09-30in-bse-fin:FourReportableSegmentResults01Member TATAPOWER2023-07-012023-09-30in-bse-fin:FourReportableSegmentResults02Member TATAPOWER2023-07-012023-09-30in-bse-fin:FourReportableSegmentResults03Member TATAPOWER2023-07-012023-09-30in-bse-fin:FourReportableSegmentResults04Member TATAPOWER2023-07-012023-09-30in-bse-fin:OneReportableSegmentAssets01Member TATAPOWER2023-07-012023-09-30in-bse-fin:OneReportableSegmentAssets02Member TATAPOWER2023-07-012023-09-30in-bse-fin:OneReportableSegmentAssets03Member TATAPOWER2023-07-012023-09-30in-bse-fin:OneReportableSegmentAssets04Member TATAPOWER2023-07-012023-09-30in-bse-fin:OneReportableSegmentLiabilities01Member TATAPOWER2023-09-30in-bse-fin:OneReportableSegmentLiabilities01Member TATAPOWER2023-07-012023-09-30in-bse-fin:OneReportableSegmentLiabilities02Member TATAPOWER2023-09-30in-bse-fin:OneReportableSegmentLiabilities02Member TATAPOWER2023-07-012023-09-30in-bse-fin:OneReportableSegmentLiabilities03Member TATAPOWER2023-09-30in-bse-fin:OneReportableSegmentLiabilities03Member TATAPOWER2023-07-012023-09-30in-bse-fin:OneReportableSegmentLiabilities04Member TATAPOWER2023-09-30in-bse-fin:OneReportableSegmentLiabilities04Member TATAPOWER2023-07-012023-09-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member TATAPOWER2023-07-012023-09-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss02Member TATAPOWER2023-07-012023-09-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss03Member TATAPOWER2023-07-012023-09-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss04Member TATAPOWER2023-07-012023-09-30in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member TATAPOWER2023-07-012023-09-30in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss02Member TATAPOWER2023-07-012023-09-30in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss03Member TATAPOWER2023-07-012023-09-30in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss04Member TATAPOWER2023-07-012023-09-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member TATAPOWER2023-07-012023-09-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss02Member TATAPOWER2023-07-012023-09-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss03Member TATAPOWER2023-07-012023-09-30in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member TATAPOWER2023-07-012023-09-30in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss02Member TATAPOWER2023-07-012023-09-30in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss03Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 500400 TATAPOWER NOTLISTED Tata Power Company Limited Equity 2023-04-01 2024-03-31 2023-11-08 2023-10-17 INR Crores Half yearly 14:00:00 15:45:00 2023-11-08 2023-11-08 true Cash Flow Indirect Not applicable Multi segment 2023-07-01 2023-09-30 Unaudited Consolidated 157380300000.00 2915100000.00 160295400000.00 10174500000.00 110700000.00 -700000000.00 9949000000.00 11818300000.00 9258900000.00 106936200000.00 147547600000.00 12747800000.00 0.00 12747800000.00 1792000000.00 340700000.00 2132700000.00 -2956200000.00 7658900000.00 0.00 0.00 0.00 2515200000.00 10174100000.00 1729900000.00 11904000000.00 8755300000.00 1418800000.00 10481900000.00 1422100000.00 3195600000.00 1 2.74 2.74 0.00 0.00 2.74 2.74 0.01 0.01 0.02 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 8th November, 2023. 2. During the quarter ended 30th September, 2023, the Holding Company supplied power from the Mundra Plant based on the direction of Ministry of Power ( MoP ) under Section 11 of the Electricity Act, 2003 from 16th April 2023 onwards. Accordingly, Holding Company has recognized revenue based on the Central Electricity Regulatory Commission (CERC) Order dated 3rd January 2023. Further on 23rd October, 2023, MoP has extended the term of said direction upto 30th June, 2024. 3. During the quarter ended 30th September, 2023, the shareholders of the Holding Company approved ‘The Tata Power Company Limited – Employee Stock Option Plan 2023’ (‘ESOP 2023’/ ‘Plan’) subject to other statutory approvals as may be necessary. Subsequent to the quarter, the Holding Company has granted 64,82,940 (Sixty Four Lakh Eighty Two Thousand Nine Hundred and Forty) employee stock options 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. 4. During the quarter ended 30th September, 2023, the Holding Company has sold certain assets of an old Thermal Power Plant and has recognized a gain of INR 52 Crore as Other Income in the consolidated financial results. 5. During the previous 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 statements. 6. Figures for the previous periods/year are re-classified/re-arranged/re-grouped, wherever necessary. 7. The standalone audited financial results of the Holding Company are available for Investors at www.tatapower.com, www.nseindia.com and www.bseindia.com. The following definitions have been considered for the purpose of computation of ratios and other information: Debt Equity Ratio : Total Debt/Total Equity Debt Service Coverage Ratio : (Profit Before Exceptional items & Tax + Interest Expenses + Depreciation & Amortisation - Current Tax Expense)/Interest expense + Scheduled principal repayment of long-term debt and lease liabilities during the period Interest Service Coverage Ratio : (Profit Before Exceptional Items and Tax + Interest Expense)/Interest Expense (1) Total Debt: Long term borrowings (including current maturities of long term borrowings), lease liabilities (current and non current), short term borrowings and interest accrued on debts (2) Total Equity : Issued share capital, other equity and non-controlling interest (3) For the purpose of computation, scheduled principal repayment of long term borrowings does not include prepayments (including prepayment by exercise of call/put option). Multi segment 2023-04-01 2023-09-30 Unaudited Consolidated 309513200000.00 5629300000.00 315142500000.00 20075500000.00 208200000.00 -1577200000.00 19700400000.00 24032400000.00 18193300000.00 210760500000.00 291393100000.00 23749400000.00 2346800000.00 26096200000.00 3394300000.00 2084200000.00 5478500000.00 -5055800000.00 15561900000.00 0.00 0.00 0.00 6021900000.00 21583800000.00 1446300000.00 23030100000.00 18480200000.00 3103600000.00 19987300000.00 3042800000.00 3195600000.00 1 5.78 5.78 0.00 0.00 5.78 5.78 0.01 0.01 0.02 Cost of Fuel 35736200000.00 Cost of Power Purchased 55841100000.00 Other Expenses 12427800000.00 Transmission Charges 2931100000.00 Cost of Fuel 70470100000.00 Cost of Power Purchased 109757100000.00 Other Expenses 24656000000.00 Transmission Charges 5877300000.00 56777200000.00 595331600000.00 71992400000.00 0.00 18583100000.00 12972200000.00 0.00 0.00 140744500000.00 15114100000.00 2703000000.00 28000000.00 24237500000.00 42082600000.00 3574400000.00 47518300000.00 932799100000.00 36599100000.00 6717500000.00 110391900000.00 34845600000.00 66171500000.00 197100000.00 6925000000.00 225248600000.00 0.00 13567300000.00 275415000000.00 33295200000.00 79554200000.00 1321063500000.00 3195600000.00 298167500000.00 301363100000.00 358140300000.00 331292400000.00 0.00 51620800000.00 382913200000.00 15315400000.00 22038800000.00 0.00 107601700000.00 527869100000.00 152288500000.00 102875500000.00 121632000000.00 376796000000.00 39322900000.00 2996600000.00 2777700000.00 0.00 421893200000.00 1135600000.00 12025300000.00 962923200000.00 1321063500000.00 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 8th November, 2023. 2. During the quarter ended 30th September, 2023, the Holding Company supplied power from the Mundra Plant based on the direction of Ministry of Power ( MoP ) under Section 11 of the Electricity Act, 2003 from 16th April 2023 onwards. Accordingly, Holding Company has recognized revenue based on the Central Electricity Regulatory Commission (CERC) Order dated 3rd January 2023. Further on 23rd October, 2023, MoP has extended the term of said direction upto 30th June, 2024. 3. During the quarter ended 30th September, 2023, the shareholders of the Holding Company approved ‘The Tata Power Company Limited – Employee Stock Option Plan 2023’ (‘ESOP 2023’/ ‘Plan’) subject to other statutory approvals as may be necessary. Subsequent to the quarter, the Holding Company has granted 64,82,940 (Sixty Four Lakh Eighty Two Thousand Nine Hundred and Forty) employee stock options 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. 4. During the quarter ended 30th September, 2023, the Holding Company has sold certain assets of an old Thermal Power Plant and has recognized a gain of INR 52 Crore as Other Income in the consolidated financial results. 5. During the previous 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 statements. 6. Figures for the previous periods/year are re-classified/re-arranged/re-grouped, wherever necessary. 7. The standalone audited financial results of the Holding Company are available for Investors at www.tatapower.com, www.nseindia.com and www.bseindia.com. Generation 49732200000.00 Others 1033600000.00 Renewables 21455800000.00 Transmission and Distribution 94534300000.00 Generation 97999200000.00 Others 2084300000.00 Renewables 42346400000.00 Transmission and Distribution 187305100000.00 166755900000.00 329735000000.00 12512200000.00 25665800000.00 154243700000.00 304069200000.00 Generation 9990700000.00 Others 383800000.00 Renewables 5060900000.00 Transmission and Distribution 6175800000.00 Generation 20869800000.00 Others 356000000.00 Renewables 10650500000.00 Transmission and Distribution 11925200000.00 21611200000.00 43801500000.00 11818300000.00 24032400000.00 -2513900000.00 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 Particulars Quarter ended Half-year ended 30-Sep-23 30-Sep-23 (Unaudited) (Unaudited) (Rs crore) (Rs. crore) Revenue from Operations 15,738.03 30,951.32 Add/(Less): Total Movement in Regulatory Deferral Balances (Net) -295.62 -505.58 Add/(Less):Unallocable Revenue -18.04 -38.82 Total Segment Revenue as reported above 15,424.37 30,406.92 -7293200000.00 12306800000.00 27062300000.00 Generation 404177400000.00 Others 16139300000.00 Renewables 328673400000.00 Transmission and Distribution 393883800000.00 1142873900000.00 178189600000.00 1321063500000.00 Generation 58182900000.00 Others 1151100000.00 Renewables 56930000000.00 Transmission and Distribution 245735700000.00 361999700000.00 600923500000.00 962923200000.00 24032400000.00 2973200000.00 -17466100000.00 895500000.00 -276300000.00 -1110200000.00 5582200000.00 940300000.00 0.00 28829100000.00 0.00 -2228400000.00 1073700000.00 18193300000.00 0.00 -575000000.00 1115200000.00 -17844600000.00 876700000.00 -89600000.00 162800000.00 2848400000.00 0.00 0.00 0.00 -1687600000.00 -5055800000.00 -3621300000.00 0.00 31545500000.00 57641700000.00 0.00 0.00 0.00 3726600000.00 0.00 53915100000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 655000000.00 50018800000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2128100000.00 137850000.00 0.00 0.00 0.00 0.00 10738500000.00 2823700000.00 0.00 8186100000.00 0.00 -25625250000.00 0.00 0.00 363500000.00 0.00 0.00 0.00 0.00 0.00 66789100000.00 72613900000.00 0.00 2427100000.00 7186700000.00 24648600000.00 0.00 5031600000.00 -34692100000.00 -6402250000.00 33000000.00 -6369250000.00 40722800000.00 34353550000.00 Remeasurement of Defined Benefit Plan -210100000.00 Movement in Regulatory Deferral Balances 111200000.00 Equity Instrument classified as FVTOCI 784900000.00 Share of Other Comprehensive Income/(Loss) of Associates nand Joint Ventures accounted for using the Equity Method (net of tax) 17900000.00 Remeasurement of Defined Benefit Plan -330200000.00 Movement in Regulatory Deferral Balances 223500000.00 Equity Instrument classified as FVTOCI 1322300000.00 Share of Other Comprehensive Income/(Loss) of Associates nand Joint Ventures accounted for using the Equity Method (net of tax) 5700000.00 703900000.00 1221300000.00 -29400000.00 -30900000.00 Exchange Differences in translating the financial statements of nforeign operations 412100000.00 Effective portion of cash flow hedge 293100000.00 Share of Other Comprehensive Income/(Loss) of Associates and Joint nVentures accounted for using the Equity Method (net of tax) 364900000.00 Exchange Differences in translating the financial statements of nforeign operations 345700000.00 Effective portion of cash flow hedge -576600000.00 Share of Other Comprehensive Income/(Loss) of Associates and Joint nVentures accounted for using the Equity Method (net of tax) 291700000.00 1070100000.00 60800000.00 73500000.00 -133300000.00