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Tata Power Company Ltd Q4 FY20 consolidated PAT at Rs. 402.59 crore

Posted On: 2020-05-19 19:38:43


TATA POWER CO.LTD. has reported financial results for the period ended March 31, 2020.

Financial Results (Q4 FY19-20) - QoQ Comparison

The company has reported total income of Rs.6793.95 crores during the period ended March 31, 2020 as compared to Rs.7136.04 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.402.59 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.195.22 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.1.32 for the period ended March 31, 2020 as compared to Rs.0.57 for the period ended December 31, 2019.

FinancialsQ4 FY19-20Q3 FY19-20% Change
Total Income₹ 6793.95 crs₹ 7136.04 crsDown Tick -4.79%
Net Profit₹ 402.59 crs₹ 195.22 crsUp Tick 106.22%
EPS₹ 1.32₹ 0.57Up Tick 131.58%

Financial Results (Q4 FY19-20) - YoY Comparison

The company has reported total income of Rs.6793.95 crores during the period ended March 31, 2020 as compared to Rs.7416.49 crores during the period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.402.59 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.121.83 crores for the period ended March 31, 2019.

The company has reported EPS of Rs.1.32 for the period ended March 31, 2020 as compared to Rs.0.30 for the period ended March 31, 2019.

FinancialsQ4 FY19-20Q4 FY18-19% Change
Total Income₹ 6793.95 crs₹ 7416.49 crsDown Tick -8.39%
Net Profit₹ 402.59 crs₹ 121.83 crsUp Tick 230.45%
EPS₹ 1.32₹ 0.30Up Tick 340%

Financial Results (12 months ended FY 19-20) - YoY Comparison

The company has reported total income of Rs.29698.98 crores during the 12 months period ended March 31, 2020 as compared to Rs.30267.21 crores during the 12 months period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.1017.38 crores for the 12 months period ended March 31, 2020 as against net profit / (loss) of Rs.2356.19 crores for the 12 months period ended March 31, 2019.

The company has reported EPS of Rs.3.12 for the 12 months period ended March 31, 2020 as compared to Rs.8.08 for the 12 months period ended March 31, 2019.

FinancialsYear Ended FY19-20Year Ended FY18-19% Change
Total Income₹ 29698.98 crs₹ 30267.21 crsDown Tick -1.88%
Net Profit₹ 1017.38 crs₹ 2356.19 crsDown Tick -56.82%
EPS₹ 3.12₹8.08Down Tick -61.39%

Commenting on the Company's performance, Mr. Praveer Sinha, CEO & MD, Tata Power said, "All our businesses and operations have performed exceptionally well. Our robust performance is supported by excellent performance of renewable business & capacity addition.

India is in a war-like situation in its fight against COVID-19. Taking stock of the situation, we mobilised our business continuity plan to provide uninterrupted power supply to ensure that citizens continue to comfortably work from home while medical staff, law enforcement agencies and other essential services continue to serve the nation.

Globally, India is following one of the most stringent lockdowns with all economic activities coming to a halt for nearly two months now. We are witnessing a drop in demand by almost 30% compared to 2019 in our distribution businesses. Though this impacts our topline, almost all Tata Power's assets are under either regulated businesses or through fixed price long term contracts on take or pay basis. Thus in our business the return profile covers our fixed costs and provides us assured returns."

The Government of India has already announced a liquidity package to Discerns through PFC and REC and the generating companies will be the biggest beneficiary of this liquidity package, as it is expected to clear the old overdues of GENCOs by DISCOMs This will improve the liquidity conditions for Gencos, which have been impacted by the huge receivables.

Another welcome move by the Government was to clarify the must-run status of renewable energy projects and payments to renewable energy generators to be made on regular basis by the discerns.

The Company's divestment plans remain on track with a closure of the Cennergi transaction earlier in April with ~842 crore realised from this sale including hedging gain. The company is in advanced discussions to execute sale agreement for another overseas asset. In addition, they is good progress on closing the sale of Defense business in this quarter. The divestment in Zambia hydro project is also expected to be completed by December. The company is confident of meeting their divestment target this year. The restructuring of Renewable businesses including setting up the vehicle for their growth is well on track to closure.

Shares of TATA POWER CO.LTD. was last trading in BSE at Rs.32.35 as compared to the previous close of Rs. 31.25. The total number of shares traded during the day was 2549511 in over 4918 trades.

The stock hit an intraday high of Rs. 32.8 and intraday low of 30.4. The net turnover during the day was Rs. 80948026.


Source: Equity Bulls

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