Consolidated EBITDA for FY24 grows 26 % to an all-time high of ₹ 12,701 crore
• Q4FY24 PAT up 18% to ₹ 1,109 crore; clocks 18th consecutive quarter of PAT growth
• Board recommends dividend of ₹ 2 per equity share
Financials Highlights Milestones
• FY24 PAT at an all-time high at ₹ 4,280 crore
• Consolidated Revenue for FY24 grows 10% to an all-time
high of ₹ 61,542 crore
• Consolidated EBITDA for FY24 grows 26 % to an all-time
high of ₹ 12,701 crore
• Q4FY24 PAT grows 18% to ₹ 1,109 crore
• Q4FY24 Revenue grows 27% to ₹ 16,256 crore
• Q4FY24 EBITDA grows 8% to ₹ 3358 crore
• CRISIL Ratings Limited has upgraded the Company’s Long-
Term rating on the bank loan and debt facilities from ‘CRISIL
AA/Positive’ to ‘CRISIL AA+/Stable’ and has reaffirmed its
‘CRISIL A1+’ rating on the Company’s commercial paper
programme and short-term facilities
MILESTONES
• Renewables portfolio stands over 10 GW
• 4.3GW Cell & Module manufacturing facility in Tirunelveli,
Tamil Nadu has commenced production and commercially
produced around 130MW of Modules in Q4FY24
• Commissioned India’s largest Solar (100 MW) & Battery
(120 MWh) Storage Project in Chhattisgarh
• Rooftop Business portfolio now stands over 2 GW
• Won 1.9 GW of Firm and Dispatchable Renewable Energy
Projects
• Transmission portfolio stands at 6277 Ckm. Recent wins of
₹ 2300 crore include Jalpura Khurja Power Transmission
Limited & Bikaner-III Neemrana-II Transmission Limited
• Continues to enjoy over 50% of market share in distribution
business amongst private sector, serving ~ 12.5 mn
consumers
• Installed over 10 lakh Smart Meters across India
• Energized 86,000+ home chargers and ~5500 public and
captive EV charging points & 850+ bus charging points
• Rooftop and Distribution Businesses empower over 1,20,000
green customers nationwide
Mumbai, May 8th, 2024: Tata Power, one of India’s largest integrated power companies, today
reported its highest ever PAT of ₹ 4,280 crore for the financial year ended March 31, 2024. The
Company has maintained strong growth momentum by reporting PAT growth for the 18th consecutive
quarter to ₹ 1,109 crore for Q4FY24. The company’s market capitalisation has surpassed ₹1.4 lakh
crore.
FY24 saw the company achieve its highest-ever Revenue and EBITDA at ₹ 61,542 crore and
₹ 12,701 crore respectively, backed by a strong rising share from core businesses of Generation,
Transmission & Distribution and Renewables, which contributed 74% to FY24 PAT compared to 44%
in FY23
The Company’s Board of Directors has recommended a dividend of ₹ 2 per equity share, subject to
shareholders’ approval.
Dr. Praveer Sinha, CEO and Managing Director, Tata Power, said, ” The Company reported yet
another quarter of stellar results with Q4FY24 being the 18th consecutive quarter of PAT growth. The
operational and financial performance of all our core businesses – Generation, T&D and Renewables
– has been strong and is on a growth path.
Today, Tata Power stands at the forefront of India’s energy transition with its integrated presence
across the value chain. Our clean energy portfolio will touch 15 GW by FY27 and we are committed
to supplying round-the-clock renewable energy to our consumers with a mix of solar, wind and
Pumped Hydro Storage Projects in our portfolio.
The Odisha Discoms have demonstrated the success of the Public Private Partnership model and
are now profitable within a short span of three years. We are well-poised to take on newer power
distribution opportunities once they open for privatization.
The rooftop solar business is displaying growth momentum and with a portfolio of over 2 GW, we are
well-positioned to tap the increasing opportunities, especially under the PM Surya Ghar Yojana which
aims to light up one crore households.
We continue our journey to be the most preferred and trusted green energy solutions provider and
utility of choice for every customer.”
Tata Power’s 4.3GW Cell & Module manufacturing facility in Tirunelveli, Tamil Nadu has commenced
production and commercially produced around 130MW of Modules in Q4FY24. The Company’s
inclusion in MNRE’s ALMM (Approved List of Models and Manufacturers) scheme further strengthens
its position to significantly contribute towards PM Surya Ghar Yojana.
The Company is on an accelerated growth trajectory of transitioning to green energy and aiming for
around 70% of capacity from non-fossil-based fuels by 2030
