Tata Power delivers strong performance in Q3 FY23 91% YoY increase in Consolidated PAT to ? 1,052 crore 53% YoY rise in Consolidated EBITDA

Mumbai - Tata Power (NSE,BSE: TATAPOWER), one of India's largest integrated power companies, which operates across the entire power value chain including Generation, Transmission & Distribution, Renewables and Trading, today released its consolidated results for Q3 FY23. With significant growth across all its businesses, the company continues to solidify its position as the nation's premier green energy and consumer-centric power utility. Tata Power's PAT has risen for the 13th straight quarter and has witnessed significant rise in Consolidated Revenue and EBITDA demonstrating the effectiveness of its business strategy.

Consolidated Performance Highlights: Q3 FY23 (YoY)

Consolidated PAT up by 91% at ? 1,052 crore vs ? 552 crore in Q3 FY22 on account of better performance across all businesses

Consolidated EBITDA up by 53% at ? 2,818 crore vs ? 1,841 crore in Q3 FY22 on account of capacity addition in Renewables and better performance across all businesses

Consolidated Q3 FY23 Q3 FY22 YoY %

Growth YTD Q3 FY23 YTD Q3 FY22 YoY %

Growth

Revenue 14,339 11,015 30% 43,278 30,491 42%

EBITDA 2,818 1,841 53% 6,968 5,938 17%

PAT 1,052 552 91% 2,871 1,523 88%

Consolidated Revenue up by 30% at ? 14,339 crore vs ? 11,015 crore in Q3

FY22 on account of capacity addition in Renewables, higher generation in

Thermal plants and higher sales in Distribution Companies

Consolidated Performance Highlights: YTD Q3 FY23 (YoY)

Consolidated PAT up by 88% at ? 2,871 crore vs ? 1,523 crore in YTD Q3

FY22 on account of better performance across all businesses

Consolidated EBITDA up by 17% at ? 6,968 crore vs ? 5,938 crore in YTD Q3

FY22 on account of capacity addition in Renewables and better performance across all businesses

Consolidated Revenue up by 42% at ? 43,278 crore vs ? 30,491 crore in YTD

Q3 FY22 on account of capacity addition in Renewables, higher generation in Thermal plants and higher sales across Distribution Companies

Highlighting the key aspects of the company's Q3FY23 performance, Dr. Praveer Sinha, CEO & MD, Tata Power, said 'We are pleased to report another quarter of strong financial results with PAT growing for the 13th consecutive quarter. The stellar performance from all our business clusters - Generation, Transmission, Distribution, and Renewables has placed us in a very bright spot. The first three quarters of the current fiscal have ended on a strong note, delivering sequential revenue growth and profit. The third quarter saw significant strides in various businesses associated with our Green Energy Platform and Transmission & Distribution (T&D) business. We have committed investments in Renewables and in Odisha Power Distribution and have further strengthened our position in Rooftop Solar and EV charging domains We look forward to another successful quarter and I am confident that we will continue to create greater value for all our stakeholders. In the year of India's G20 Presidency, we are committed to contribute towards making the country's power sector future ready through path-breaking work in green energy transition.'

Key Business Highlights Q3 FY23:

Order pipeline of TPSSL, including third party projects, stands at 3.9 GW worth ? 15,440 crore

TPREL received 'Letter of Award' from Tata Power Delhi Distribution Limited (TPDDL) to set up 255 MW Hybrid Project with a green shoe option for another 255 MW

TPREL received 'Letter of Award' from MSEDCL to set up 150 MW solar project in Maharashtra

TPREL Rooftop Solar (RTS) Business orderbook pipeline stands at ?1,300+ crore Rooftop Solar Business increased channel network to more than 450 partners spread across 275 districts

Tata Power Solar Systems Limited (TPSSL) launched off-grid solar solutions in West Bengal, Bihar, and Jharkhand. The off-grid solutions provide a combination of high-efficiency solar modules, inverters and batteries and are available in 11 variants ranging from 1 - 10 kW with 5year warranty

TPREL signed an agreement to set up India's first group captive solar plant for a large, premium housing society - Vivarea Condominium in Mumbai

TPSSL installed around 12,000 solar pumps, highest ever execution in a single quarter. Reached a total deployment of more than 93,000 solar pumps; inching towards the 1 lac milestone

Tata Power has energized 3,080+ public and captive EV charging points across 493 locations, along with 30,000+ home chargers and 234 bus charging points

Tata Power announced setting up of 25,000 EV Charging Points by 2025 at

Auto Expo 2023

Tata Power partnered with the Indian Army to set up EV charging points in the Delhi Cantonment

Total Smart Meter installations cross 5 lakh across Tata Power DISCOMS in Odisha, Delhi and Mumbai

Tata Power bags LoA worth ?350 crore for Development of Receiving

Substation (RSS) work for BEST Mumbai

Powerlinks implemented Drone based Image Analytics Portal for monitoring of transmission network

Mumbai Distribution achieved national benchmark level operation parameters

Billing Efficiency (99.05%), Collection efficiency (>100%), AT&C Loss (0.47%), SAIDI (5.39 mins) and SAIFI (0.40).

Mumbai Distribution granted patent for Network management application SPINe-Spatial Patrolling Interface for sustained reliability network and enhanced customer services

Jojobera Thermal Power Station won Best Water Efficient Plant in