Q2 2025 Tata Power Company Ltd Earnings Call Transcript
Key Points
- Tata Power Co Ltd (BOM:500400) reported a 51% increase in PAT before exceptional items, reaching INR1,533 Crore.
- The company's EBITDA rose by 23% to INR3,808 Crore for the quarter.
- Tata Power's 4.3-gigawatt manufacturing plant is operating at full capacity, with high efficiency in cell production.
- The company has significant traction in rooftop solar projects, with large commitments in states like Odisha, UP, and Rajasthan.
- Tata Power's transmission and distribution businesses are performing well, with multiple projects under implementation and new projects secured.
- Power consumption was muted due to an extended monsoon, impacting overall demand.
- The Mundra plant faced operational challenges due to damage from heavy rains, affecting availability.
- There is a delay in concluding the supplementary PPA discussions for the Mundra plant.
- The company's solar order book accretion is on the lower side, with competitive intensity affecting third-party orders.
- Regulatory asset approvals in Delhi have increased, requiring a liquidation plan over the next 2-3 years.
Ladies and gentlemen, good day and welcome to the Tata Power Q2 FY '25 Earnings Conference Call.
As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes.
(Operator instructions)
Please note that this conference is being recorded.
Dr. Praveer Sinha MD and CEO of Tata Power. Thank you and over to you, sir.
Thank you [Leo] and good evening to everyone and thanks for joining for the call on behalf of Tata Power and on my personal behalf, I would like to extend my best wishes to all of you for a very happy and safe Diwali.
I have over here my colleague, Sanjeev Churiwala CFO along with Mr Kasturi and Rajesh from investor relations.
We have already shared the presentation with you, but I just wanted to take you through a few important issues. First, is that the last quarter we saw a normal monsoon, and
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