Tata Power Q4 Results Preview: Tata group electricity generator likely to clock 22% PAT jump, 193 bps margin improvement

Tata Power Q4 Results Preview: Tata group power generation company Tata Power is all set to report its financial results for the quarter as well as the year ended March 31 on Wednesday, May 8. Analysts expect the Mumbai-headquartered electricity generator to stage a strong financial performance for the January-March period on the back of expansion-led revenue growth in its transmission unit and strong execution in the solar space. 

According to Zee Business research, Tata Power is estimated to register a consolidated net profit of Rs 950 crore for the quarter ended March 31, 2024, marking a year-on-year increase of 22 per cent. The analysts expect the Tata group firm to clock growth of 28.5 per cent in quarterly revenue to Rs 16,009 crore.

Tata Power is expected to log Rs 2,787 crore in fourth-quarter earnings before interest, taxes, depreciation and amortisation (EBITDA) as against Rs 1,928 crore a year ago, according to the research. 

Zee Business analysts peg Tata Power's margin, a key measure of profitability for businesses, to come in at 17.41 per cent for the March quarter, up 193 basis points (bps) on a year-on-year basis.

Tata Power Q3 FY24 Earnings: A summary 

For the October-December period, Tata Power staged a mixed performance.

Its consolidated net profit inched up to Rs 953 crore for the fiscal third quarter from Rs 945 crore for the corresponding period a year ago, while revenue grew 3.7 per cent to Rs 14,651 crore, according to a regulatory filing. 

Its margin improved marginally to 16.5 per cent for the December quarter from 16.4 per cent a year ago.

Zee Business analysts had estimated Tata Power's December-quarter net profit at Rs 865 crore, revenue at Rs 15,700 crore and margin at 18.22 per cent. 

Tata Power shares (TATAPOWER): Past performance  

As of May 7, Tata Power shares have rewarded investors with a return of 115 per cent in a year, sharply outperforming a 22 per cent rise in the headline Nifty50 index. 

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