Electric Utilities company Tata Power Company announced Q3FY24 results: Financial Performance Revenue: Q3FY24 saw a revenue increase to Rs 14,841 crore, which is a 3% year-on-year growth. For 9MFY24, revenue reached an all-time high of Rs 45,286 crore. EBITDA: The EBITDA for Q3FY24 jumped by 15% YoY to Rs 3,250 crore. The 9MFY24 EBITDA also hit a record high at Rs 9,342 crore, marking a 34% increase. Profit After Tax (PAT): PAT for Q3FY24 grew to Rs 1,076 crore, with 9MFY24 PAT at Rs 3,235 crore, showing a growth of 13%. Business Highlights The core businesses of Generation, Transmission & Distribution, and Renewables contributed more than 71% of the PAT in 9MFY24, a significant increase from 40% in FY23. Odisha Distribution Business reported a 75% increase in Q3FY24 PAT to Rs 63 crore and a 103% increase in 9MFY24 PAT to Rs 217 crore. Tata Power secured two transmission projects worth Rs 2,300 Cr in Bikaner-Neemrana and Jalpura-Khurja under the TBCB regime. Renewable Energy and Solar Initiatives The solar rooftop portfolio reached over 2,000 MW, including Group Captive, with an addition of 146 MW during Q3FY24, up by 15% year-on-year. The company facilitated over Rs 3,500 crore worth of customer financing for solar projects. Electric Vehicle (EV) and E-Mobility Tata Power installed more than 11,400 home EV chargers and energized 412 public EV charging points in Q3FY24, contributing to a total of over 5,300 public/semi-public chargers. Sustainability and Corporate Social Responsibility (CSR) Tata Power launched 'Project GhanVan' with the ICICI Foundation to plant 2.5 lakh indigenous trees in the Western Ghats over three years. The company organized Urja Mela 2023 in Delhi to promote energy conservation among students. Dr. Praveer Sinha, CEO and Managing Director of Tata Power, stated: "Our core businesses continue to perform well and have helped the Company clock its 17th consecutive PAT growth quarter. Our consistent performance shows strong fundamentals of excellence in operational performance and project execution capability. As the country witnesses a surge in power demand, Tata Power is well-positioned to capitalize on the growth momentum with its cutting-edge, customized and cost-effective clean and green energy solutions." Result PDF