Q4 FY 2022 Review

TATA Power Company Limited reported net revenue of ₹11,959.96 crores for the quarter ended March 31, 2022, compared to ₹10,362.60 crores for March 31, 2021. EBIT and Net Profit were ₹1282.28 crores and ₹632.37 crores for the quarter ended, 31, March 2022, as compared to ₹988.22 crores and ₹481.21 crores, during the corresponding quarter of the previous year.

TATA Power Company Limited - Investment Summary

TATA Power Company Limited - Overview

• TATA Power Company Limited, along with its subsidiaries and joint ventures, is India's largest private sector power utility, with over 13,515 MW of installed power generation capacity.

• TATA Power operates in all segments of the power industry, including generation (thermal, hydro, solar, wind, and liquid fuel), transmission, and distribution.

• TATA Power has committed to achieving carbon neutrality before 2050.

• The company has been assigned an AA stable credit rating on a long-term bank facility.

TATA Power Company Limited - Quarterly Summary

Business

• TATA Power Company Limited, with over 13,515 MW of installed power generation capacity, is India's largest private sector power utility. It has been in business for over 107 years, having begun its operations in 1915.

• The company operates in all areas of the power industry, including generation, transmission, and distribution.

• Tata Power currently has 34% clean energy generation in its portfolio, which includes solar and wind generation. They hope to increase this to 50-60 percent in the coming years.

• During FY20, the company was awarded a long-term coal mining license for the Krutogorovskya coal deposit in the Russian Federation's Sobolevo District, Kamchatka, to explore cheaper and sustainable coal supply for its subsidiary, Coastal Gujarat Power Limited (CGPL).

• In order to achieve zero carbon emissions, the company intends to limit its exposure to thermal projects and will not expand its coal-fired power plant beyond its current size.

• In FY20, the company partnered with the Rockefeller Foundation to deploy 10,000 microgrids in order to provide innovative solutions for underserved communities and expand the global microgrid footprint.

• Tata Power has signed a Power Purchase Agreement with Apollo Gleneagles Hospital in Kolkata to commission

• India's largest health sector carport in FY21, as well as a Power Purchase Agreement with Tata Motors to commission India's Largest Carport in Pune.

• Tata Power took over power distribution in Western and Southern Odisha on January 1, 2021, after acquiring four distribution entities in the state (CESU, WESCO, SOUTHCO, and NESCO).

• The Company has major plans to scale up consumer businesses, such as rooftop solar, EV charging, solar pumps, microgrids, energy efficiency solutions, and home automation.

• Segments and Value Chain

  Segments	Capacity
  Renewable Energy Generation	3,400 (MW)
  Conventional Energy Generation	10,115 (MW)
  Transmission	3,552 Ckm
  Distribution	12.3 million Customer Base
  EV Charging Infrastructure	2200+ Charging points

   

• Out of the total revenue, 24% of revenue have been generated from Generation activities, 16.6% from Renewables, 58.8% from Transmission and Generation, and 0.7% from others % in FY 2022, compared to 36.9%, 16.2%, 46.2% and 0.7% in FY 2021.

  

TATA Power Company Limited - Revenue Trend

TATA Power Company Limited - Topline and Bottomline trend (crores)

TATA Power Company Limited - Ratio Analysis