Tata Power Q4 Results: As profit jumps, CEO and MD Praveer Sinha gives credit to these 3 steps

Tata Power Q4 Results 2020: On account of improved coal management, rise in lending, lowering coal prices and consistent EBITDA (earnings before interest, tax, depreciation and amortization) growth, Tata Power has reported strong quarterly results reporting a rise in profit in the fourth quarter results and rise in the EBITDA margins in both quarter and year.

Speaking on the consistent EBITDA margins, Praveer Sinha, CEO & MD at Tata Power said, "We have maintained consistent improvement in EBITDA margins. Our fourth quarter margins stand at Rs 2,013 crore, which is 6 per cent up from the previous fourth quarter margin of Rs 1,901 crore. On yearly basis also, our EBITDA margin is quite promising as it has gone up to Rs 8,317 crore, which is around 15 per cent higher than its previous year EBITDA margins." 

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Speaking on the fourth quarter profit, Sinha said that Tata Power has managed to generate profit with higher trajectory and its fourth quarter profit stands at Rs 477 crore.

On what helped Tata Power to report such robust numbers in January-March 2020 quarter, Sinha said, "Apart from consistent improvement in EBITDA margins, I will give credit to three steps — improved coal management, rise in lending and lowering coal prices." 

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टाटा पावर ने पेश किए मार्च तिमाही के अच्छे नतीजे...
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देखिए कंपनी के CEO & MD प्रवीर सिन्हा के साथ ज़ी बिजनेस की खास बातचीत#ResultsOnZB #TataPower @poojat_0211 @TataPower pic.twitter.com/Zv6QaXyhef

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He said that company's under recovery has also improved from 70 paise to near 44 paise today. Apart from that, lowering coal price also helped Tata Power decrease its input cost that led to rise in the profit margins of the company.