Tata Power Q4FY22 PAT up 28.04% to Rs503.11 crore yoy despite higher impairment provisions

8 May 2022 , 08:31 AM

Tata Power Ltd reported 15.41% growth in sales revenues yoy for the Q4FY22 quarter on consolidated basis at Rs11,960 crore. On a sequential basis, revenues were higher for the quarter by 9.59%.

For the full year FY22, the revenues were higher by 31% at Rs42,816 crore. For the quarter, segment revenues from generation were lower while renewables revenues were higher.

The sales boost came from 38.5% growth in transmission and distribution revenues at Rs7,127 crore for Q4FY22. Net cash from operating activities fell yoy due to spike in trade inventory costs.

The consolidated net profit for Q4FY22 was up 28.04% at Rs503.11 crore while it was up on a sequential basis by 18.15%.

The quarter saw operating profits from renewables and T&D almost doubling yoy while operating profits from generation were lower. It took a impairment provision of Rs150 crore for its Dutch operations.

Deferred tax credits compensated for the impairment provisions. Net margins stood at 4.21% in Q4FY22 quarter compared to 3.79% in Q4FY21. NPM was higher sequentially compared to 3.90% in Q3FY22.

Financial highlights for Mar-22 compared yoy and sequentially

	Tata Power
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 11,959.96	₹ 10,362.60	15.41%	₹ 10,913.14	9.59%
Net Profit (Rs cr)	₹ 503.11	₹ 392.94	28.04%	₹ 425.81	18.15%
Diluted EPS (Rs)	₹ 1.58	₹ 1.10		₹ 1.33
Net Margins	4.21%	3.79%		3.90%