Page 1

TATA POWER The Tala Power Company Limited Bombay House , 24 Homi Mody Street , Mumbai 400 001 Website : www.tatapower.com CIN L28920MH1919PLC000567 STATEMENT OF CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31ST DECEMBER , 2020 Particulars ( Refer Notes Below ) Quarter ended Nine months ended 31 - Dec - 20 30 - Sep - 20 31 - Dec - 19 31 - Dec - 20 31 - Dec - 19 ( Unaudited ) ( Unaudited ) ( Unaudited ) ( Unaudited ) ( Unaudited ) Year ended 31 - Mar - 20 Audited ( crore ) Income Revenue from Operations Other Income ( Refer Note 5 ) 7,597 91 104.93 2 Expenses Total Income Cost of power purchased Cost of fuel Transmission charges Raw material consumed Purchase of finished goods and spares 7,702.84 8,441.60 7.136.04 8,289 81 7,071.03 22,340.71 22,515.57 151.79 65.01 389.46 22,905.03 344.15 22,684.86 29,136.37 562.61 29,698,98 1,802 25 2,333 48 1,575.51 5,560,97 4,932 29 2,250.16 2,321 34 2,497 58 6,763.10 7.496.38 111.81 125.63 53.50 321.65 160.65 6,220 46 9,922,39 214.00 531.05 334.68 212 16 957.27 748.63 957 18 7.93 742 8.07 19.60 76.17 111.74 Decrease / ( Increase ) in stock - in - trade and work - in - progress ( 35.81 ) 7.44 ( 11.25 ) ( 26.83 ) ( 16.79 ) ( 15.64 ) Employee benefits expense 483.47 559 95 367 77 1,448 67 1,075.04 1,440.64 Finance costs 965 56 1,064.98 1,129 24 3,119 90 3.403.07 4,493.73 Depreciation and amortisation expenses 738.29 698 88 671.87 2,081 66 1,946.26 2,633.56 Other expenses 697.46 Total Expenses 7,552.17 598 67 8,052.47 561.72 1.814.21 1,680,14 2,342.78 7,067.17 22,060.20 21,501.84 28,320.84 3 Profit / ( Loss ) before Regulatory Deferral Balances , Exceptional Items , Tax and Share of Profit of Associates and Joint Ventures ( 1-2 ) 4 Add / ( Less ) : Net movement in Regulatory Deferral Balances 150.67 109.06 389.13 65.67 68.87 19 55 624.66 359 97 1,403.19 1,378.14 ( 677.29 ) ( 451.68 ) Add / ( Less ) : Net movement in Regulatory Deferral Balances in respect of earlier years Add / ( Less ) : Deferred Tax Recoverable / ( Payable ) ( 21.32 ) 5 . Profit / ( Loss ) before Exceptional Items , Tax and Share of Profit of Associates and Joint Ventures ( 3 + 4 ) 33 20 292.93 57 14 511.94 80,67 169.09 123 60 1,108.23 228 53 954.43 284.31 1,189.45 Share of Profit of Associates and Joint Ventures accounted for using the Equity Method ( Refer Note 5 ) 152.41 195.86 7 Profit before Exceptional Items and Tax ( 5 + 6 ) 445.34 707.80 194.45 363.54 525.14 1,633.37 8 . Add / ( Less ) : Exceptional Items Standby charges litigation ( Refer Note 2 ) ( 109.29 ) ( 109 29 ) Reversal of Impairment for Investment in Joint Venture and related obligation ( 328.97 ) 235 00 Gain on Sale of Investment in Associates 637 97 1,592.40 952.55 2,142.00 ( 276 35 ) 235.00 532,51 Remeasurement of Deferred Tax Recoverable on account of New Tax Regime ( net ) Profit before Tax ( 7 + 8 ) 10 Tax Expense / ( Credit ) Current Tax Deferred Tax Deferred Tax Expense In respect of earlier years Remeasurement of Deferred Tax on account of New Tax Regime ( net ) 11 Net Profit for the Period from Continuing Operations ( 9-10 ) ( 265.00 ) 336.05 707.80 363.54 1,524.08 1,498.43 2,368.16 174,72 144 41 72 50 ( 72.04 ) 173.23 45.08 409 98 199.69 430.76 494 30 215 42 330.95 ( 2794 ) ( 27 94 ) ( 24.51 ) 233.37 390.16 273.90 914.41 880.19 ( 159.25 ) 1.726.67 Profit / ( Loss ) before tax from Discontinued Operations Impairment Loss on Remeasurement to Fair Value Tax Expense / ( Credit ) on Discontinued Operations 12. Profit / ( Loss ) for the Period from Discontinued Operations 13. Profit for the Period ( 11 + 12 ) ( i ) Items that will not be reclassified to profit or loss ( ii ) Tax relating to items that will not be reclassified to profit or loss ( iii ) Net movement in Regulatory Deferral Balances ( 17 28 ) ( 29.53 ) ( 21.21 ) ( 81.85 ) ( 59.10 ) ( 81.64 ) ( 361 00 ) ( 102,32 ) ( 10.30 ) ( 7.41 ) ( 124.88 ) ( 2065 ) ( 32.41 ) 85.04 ( 19.23 ) ( 13.80 ) 43.03 ( 38.45 ) ( 410.23 ) 318.41 370.93 260.10 957.44 841.74 1,316.44 Other Comprehensive Income / ( Expenses ) including Discontinued Operations 49.76 ( 59.64 ) ( 8.02 ) 14.39 ( 72.86 ) ( 0.03 ) 169 0.57 50.17 50.16 2.18 117.05 20.30 ( 127 OB ) 26.95 ( iv ) Share of Other Comprehensive Income / ( Expense ) that will not be reclassified to profit or loss of Associates and Joint Ventures accounted for using the Equity Method ( Refer Note 5 ) ( 6.79 ) ( 5.65 ) ( 0.80 ) ( 17.56 ) ( 17 87 ) ( v ) Items that will be reclassified to profit and loss ( 197 78 ) ( 327,70 ) 46.71 ( vi ) Income tax relating to items that will be reclassified to profit or loss 25.17 42.36 ( 608.26 ) 81.41 103 40 2.23 559 47 ( 32.43 ) ( vii ) Share of Other Comprehensive Income / ( Expense ) that will be reclassified to profit or loss of Associates and Joint Ventures accounted for using the Equity Method 11.70 14 Other Comprehensive Income / ( Expenses ) ( Net of Tax ) 15 : Total Comprehensive Income ( 13 + 14 ) ( 67.80 ) 250.61 ( 66.97 ) ( 365.75 ) 5.18 23.89 62.35 ( 43.04 ) ( 453.83 ) 156.56 407.06 322.45 503.61 189.53 1,031.27 836.20 2,152.64 Profil / ( Loss ) for the Period altributable to Owners of the Company Non - controlling Interests Others Comprehensive Income / ( Expense ) attributable to : Owners of the Company Non - controlling Interests Total Comprehensive Income attributable to : Owners of the Company Non - controlling Interests 16. Paid - up equity share capital 248.21 70 20 279 61 91.32 193,32 66.78 734 44 223.00 614.79 226.95 1,017.38 299.06 ( 67.85 ) 0.05 ( 366.31 ) 056 62.82 ( 0.47 ) ( 453 93 ) 191 20 0.10 ( 1.67 ) 838.25 ( 2.05 ) 180 36 70 25 ( 86,70 ) 9188 256,14 66 31 280.51 223.10 805.99 225 28 1,855 63 297.01 ( Face Value : 1 / - per share ) 319.56 319.56 270 50 319.56 270 50 17 Other Equity 270.50 17,795.52 18 Basic and Diluted Earnings Per Equity Share ( of 1 / - each ) ( * ) ( not annualised ) ( i ) From Continuing Operations before net movement in regulatory deferral balances ( ii ) From Continuing Operations after net movement in regulatory deferral balances ( i ) From Discontinued Operations 0.09 062 037 0.84 3.02 5.33 0.38 0.87 061 1.90 1,94 4.64 0.27 ( 0.07 ) ( 0.05 ) 0.15 ( 0.14 ) ( 1.52 ) 065 0.80 0.56 2.05 1.80 3.12 ( iv ) Total Operations after net movement in regulatory deferral balances Restated ( Refer Note 5 ) SIGNED FOR IDENTIFICATION BY SRBC & CO LLP MUMBAI