Q3 2025 Tata Power Company Ltd Earnings Call Transcript
Key Points
- Tata Power Co Ltd (BOM:500400) reported its 21st consecutive quarter of PAT growth, demonstrating strong performance across its business segments.
- The company's renewable business showed significant growth, with EBITDA increasing by 38% and PAT also rising for the quarter and the full nine months.
- Tata Power Co Ltd (BOM:500400) has successfully stabilized its Odisha operations, improving billing efficiency, collection efficiency, and reducing AT&C losses.
- The company has a robust CapEx plan, having spent INR12,000 crores in the last nine months and planning an additional INR10,000 crores in the current quarter.
- Tata Power Co Ltd (BOM:500400) is committed to achieving 70% clean energy by 2030, with current projects already bringing them to 43% clean energy.
- The demand for power has not increased as much as in previous years, although a rise is expected with the upcoming summer.
- There are uncertainties surrounding the Nuclear Power Act amendments, which could impact Tata Power Co Ltd (BOM:500400)'s plans to invest in nuclear power.
- The company's EPC business faced revenue reversals due to intercompany billing adjustments, affecting the top line.
- There is volatility in intersegment elimination, which hampers the predictability of Tata Power Co Ltd (BOM:500400)'s financials.
- The renewable generation business profitability growth was not as high as expected despite a 25% capacity addition, partly due to lower PLFs and project delays.
Ladies and gentlemen, good day, and welcome to the Tata Power Q3 FY25 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Dr. Praveer Sinha, MD and CEO of Tata Power. Thank you, and over to you, Dr. Sinha.
Thank you for joining on the call. I'm joined with my colleagues over here, Sanjeev Churiwala, CFO; Mr. J. V. Patil, Financial Controller; Mr. Rajesh Lachhani from Investor Relations and other the members from our Finance and Investor Relations team.
As all of you are aware, last nine months, the demand of power has gone up, but not to the extent what we had witnessed in the previous few years. But we do find that in last one month, the demand of power has increased. And we are expecting that this year, the summer will be much more intense compared to the last year, where we had a very long monsoon. Considering that, we do expect that there will be a peak
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