Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Tata Power Company Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 12,454 | 15,213 | 15,738 | 14,651 | 15,847 | 17,294 | 15,698 | 15,391 | 17,096 | 18,035 | 15,545 | 13,948 | 14,900 |
| Expenses + | 10,526 | 12,500 | 12,967 | 12,234 | 13,540 | 14,232 | 12,427 | 12,312 | 13,850 | 14,470 | 12,243 | 10,894 | 12,301 |
| Operating Profit | 1,928 | 2,713 | 2,771 | 2,417 | 2,307 | 3,062 | 3,271 | 3,079 | 3,246 | 3,565 | 3,302 | 3,055 | 2,599 |
| OPM % | 15% | 18% | 18% | 16% | 15% | 18% | 21% | 20% | 19% | 20% | 21% | 22% | 17% |
| Other Income + | 1,352 | 877 | 567 | 1,092 | 1,407 | 578 | 632 | 589 | 684 | 494 | 859 | 1,056 | 1,773 |
| Interest | 1,196 | 1,221 | 1,182 | 1,094 | 1,136 | 1,176 | 1,143 | 1,170 | 1,213 | 1,279 | 1,319 | 1,364 | 1,295 |
| Depreciation | 926 | 893 | 926 | 926 | 1,041 | 973 | 987 | 1,041 | 1,116 | 1,161 | 1,162 | 1,208 | 1,280 |
| Profit before tax | 1,158 | 1,476 | 1,231 | 1,489 | 1,537 | 1,490 | 1,773 | 1,457 | 1,600 | 1,619 | 1,680 | 1,540 | 1,797 |
| Tax % | 19% | 23% | 17% | 28% | 32% | 20% | 38% | 18% | 18% | 22% | 26% | 22% | 21% |
| Net Profit + | 939 | 1,141 | 1,017 | 1,076 | 1,046 | 1,189 | 1,093 | 1,188 | 1,306 | 1,262 | 1,245 | 1,194 | 1,416 |
| EPS in Rs | 2.43 | 3.04 | 2.74 | 2.98 | 2.80 | 3.04 | 2.90 | 3.23 | 3.26 | 3.32 | 2.88 | 2.42 | 3.12 |
Financials of Tata Power Company Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 33,593 | 29,494 | 27,588 | 26,840 | 29,881 | 29,136 | 32,703 | 42,816 | 55,109 | 61,449 | 65,478 | 62,429 |
| Expenses + | 27,292 | 27,389 | 22,114 | 21,833 | 23,449 | 22,331 | 25,782 | 35,785 | 47,381 | 50,714 | 53,313 | 49,334 |
| Operating Profit | 6,301 | 2,105 | 5,473 | 5,007 | 6,432 | 6,805 | 6,921 | 7,031 | 7,728 | 10,735 | 12,166 | 13,095 |
| OPM % | 19% | 7% | 20% | 19% | 22% | 23% | 21% | 16% | 14% | 17% | 19% | 21% |
| Other Income + | 1,056 | 4,060 | 1,297 | 3,873 | 3,824 | 2,280 | 1,775 | 2,486 | 5,540 | 3,416 | 2,973 | 3,609 |
| Interest | 3,699 | 3,236 | 3,365 | 3,761 | 4,170 | 4,494 | 4,010 | 3,859 | 4,372 | 4,633 | 4,702 | 5,257 |
| Depreciation | 2,174 | 1,649 | 1,956 | 2,346 | 2,393 | 2,634 | 2,745 | 3,122 | 3,439 | 3,786 | 4,117 | 4,811 |
| Profit before tax | 1,484 | 1,281 | 1,450 | 2,773 | 3,693 | 1,958 | 1,941 | 2,535 | 5,457 | 5,732 | 6,320 | 6,636 |
| Tax % | 72% | 53% | 24% | 6% | 29% | 33% | 26% | 15% | 30% | 25% | 24% | 23% |
| Net Profit + | 457 | 786 | 1,100 | 2,611 | 2,606 | 1,316 | 1,439 | 2,156 | 3,810 | 4,280 | 4,775 | 5,118 |
| EPS in Rs | 0.62 | 2.45 | 3.31 | 8.90 | 8.71 | 3.76 | 3.53 | 5.45 | 10.44 | 11.57 | 12.43 | 11.73 |
| Dividend Payout % | 210% | 53% | 39% | 15% | 15% | 41% | 44% | 32% | 19% | 17% | 20% | 21% |
Financials of Tata Power Company Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 270 | 270 | 270 | 270 | 270 | 270 | 320 | 320 | 320 | 320 | 320 | 320 |
| Reserves | 14,048 | 11,363 | 12,944 | 16,129 | 18,035 | 19,296 | 22,003 | 22,122 | 28,468 | 32,036 | 35,521 | 39,148 |
| Borrowings + | 40,607 | 38,849 | 48,815 | 48,589 | 48,506 | 51,936 | 46,708 | 51,195 | 52,923 | 53,689 | 62,866 | 76,141 |
| Other Liabilities + | 20,260 | 19,575 | 20,799 | 16,903 | 17,262 | 18,172 | 29,625 | 38,913 | 46,386 | 53,010 | 57,487 | 59,563 |
| Total Liabilities | 75,185 | 70,057 | 82,829 | 81,892 | 84,073 | 89,674 | 98,655 | 112,550 | 128,096 | 139,054 | 156,193 | 175,172 |
| Fixed Assets + | 44,726 | 36,414 | 46,595 | 44,656 | 44,305 | 47,666 | 52,179 | 57,389 | 61,747 | 67,210 | 78,374 | 87,293 |
| CWIP | 3,323 | 1,345 | 2,178 | 1,653 | 2,576 | 1,612 | 3,270 | 4,635 | 5,376 | 11,561 | 12,679 | 14,595 |
| Investments | 3,445 | 11,785 | 11,873 | 12,429 | 13,542 | 14,535 | 13,149 | 14,160 | 16,670 | 16,316 | 16,316 | 16,575 |
| Other Assets + | 23,692 | 20,513 | 22,184 | 23,154 | 23,651 | 25,861 | 30,056 | 36,365 | 44,303 | 43,968 | 48,824 | 56,709 |
| Total Assets | 75,185 | 70,057 | 82,829 | 81,892 | 84,073 | 89,674 | 98,655 | 112,550 | 128,096 | 139,054 | 156,193 | 175,172 |
Financials of Tata Power Company Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 5,981 | 7,415 | 7,014 | 6,364 | 4,574 | 7,375 | 8,345 | 6,693 | 7,166 | 12,504 | 12,680 | 5,993 |
| Cash from Investing Activity + | -3,865 | -1,805 | -7,373 | -1,512 | -272 | -493 | 993 | -6,250 | -7,263 | -8,935 | -15,436 | -14,193 |
| Cash from Financing Activity + | -2,239 | -6,183 | 937 | -4,726 | -5,184 | -5,110 | -7,603 | -1,183 | 1,341 | -4,497 | 4,292 | 7,783 |
| Net Cash Flow | -123 | -574 | 579 | 126 | -883 | 1,773 | 1,736 | -741 | 1,243 | -928 | 1,536 | -417 |
| Free Cash Flow | 2,554 | 5,311 | 3,708 | 2,860 | 1,040 | 5,186 | 6,558 | -540 | -440 | -590 | -4,357 | -7,677 |
| CFO/OP | 108% | 371% | 139% | 139% | 79% | 117% | 127% | 105% | 104% | 122% | 109% | 55% |
Financials of Tata Power Company Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 60 | 44 | 51 | 38 | 54 | 55 | 58 | 51 | 46 | 44 | 32 | 26 |
| Inventory Days | 217 | |||||||||||
| Days Payable | 459 | |||||||||||
| Cash Conversion Cycle | 60 | 44 | 51 | 38 | 54 | 55 | 58 | 51 | 46 | 44 | 32 | -216 |
| Working Capital Days | -90 | -214 | -320 | 21 | -174 | -152 | -204 | -180 | -168 | -145 | -159 | -130 |
| ROCE % | 9% | 5% | 9% | 6% | 7% | 8% | 8% | 9% | 12% | 11% | 11% | 10% |