Q1 2025 Tata Power Company Ltd Earnings Call Transcript
Key Points
- Tata Power Co Ltd (BOM:500400) has shown consistent performance with 19 consecutive quarters of capacity increase.
- The company is poised to lead in the rooftop solar market with over 1 lakh installations and plans to expand to 1 crore installations in the next three to four years.
- Tata Power Co Ltd (BOM:500400) has a strong balance sheet with a net debt to underlying EBITDA of less than 3% and net debt to equity of less than 1.1x.
- The company's 4 gigawatt cell and module plant is progressing well, with full capacity expected to be reached by the third quarter.
- Tata Power Co Ltd (BOM:500400) has secured a 600 megawatt hydro plant project in Bhutan, which will produce power for both Bhutan and India.
- The company has seen a delay in payments from large EPC projects, impacting working capital by INR2,500 crores.
- There is a potential constraint on transmission capacity, which could impact the execution of future renewable projects.
- The solar EPC and TP solar EBITDA has not shown significant year-on-year improvement despite the new 4 gigawatt module facility.
- The company's net debt has increased by INR4,300 crores to INR42,000 crores.
- The profitability of coal companies has been declining due to stabilized coal prices, affecting overall profitability.
Ladies and gentlemen, good day, and welcome to The Tata Power Q1 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, sir.
Thank you, Darwin. Good evening, everyone, and thanks for joining for the Analyst Call. I'm joined today by my colleague, Sanjeev Churiwala, CFO; Mr. J.V. Patil, Financial Controller; Kasturi and Rajesh Lachhani from the Investor Relations and few of my other colleagues from Finance and Investor Relations team.
It's a proud moment for us to once again share with you that Tata Power's performance this quarter has also been very good and this is the 19th consecutive quarter, in which we have shown increase in our capacity. And that goes to prove that how consistent our performance has been, the good foundation that has been laid continues to support the company for improving
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