Tata Power reports highest ever PAT of Rs 4,280 crore, Revenue of Rs 61,542 crore for FY24

The Company’s Board of Directors has recommended a dividend of Rs 2 per equity share, subject to shareholders’ approval.

Tata Power reports highest ever PAT of Rs 4,280 crore, Revenue of Rs 61,542 crore for FY24

 Tata Power, one of India's largest integrated power companies, today reported its highest ever PAT of Rs 4,280 crore for the financial year ended March 31, 2024. The Company has maintained strong growth momentum by reporting PAT growth for the 18th consecutive quarter to Rs 1,109 crore for Q4FY24. The company’s market capitalization has surpassed Rs 1.4 lakh crore.

FY24 saw the company achieve its highest-ever Revenue and EBITDA at Rs 61,542 crore and Rs 12,701 crore respectively, backed by a strong rising share from core businesses of Generation, Transmission & Distribution, and Renewables, which contributed 74% to FY24 PAT compared to 44% in FY23.

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 Consolidated Revenue for FY24 grew 10% to an all-time high of Rs 61,542 crore and Consolidated EBITDA for FY24 grew 26 % to an all-time high of Rs 12,701 crore.

 Q4FY24 PAT grows 18% to Rs 1,109 crore while Q4FY24 Revenue grows 27% to Rs 16,256 crore.  Q4FY24 EBITDA grows 8% to Rs 3358 crore.

As of 31st March 2024, the Company has 4.5 GW of renewable capacity operational and another 5.5 GW of projects under implementation, taking the total green energy portfolio to over 10 GW.

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