Moneycontrol PRO
HomeNewsBusinessEarningsTata Power Q4 results preview: Revenue to rise, but net profit may fall

Tata Power Q4 results preview: Revenue to rise, but net profit may fall

Many analysts are positive on the company because of the bullish outlook on power demand

May 07, 2024 / 14:59 IST
The Tata Power stock has gained over 123 percent in the last one year , and are currently trading at a trailing price earning multiple of 40.70 against a sector PE of 27.64.
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Tata Power's fourth quarter revenues are expected to rise 30 percent year-on-year and net profits are seen falling 3 percent, according to the average of the estimates of five brokerages. The numbers will be announced on May 8. Revenues are seen at Rs 16,271  crore and net profit at Rs 909 crore.

    Many analysts are positive on the company because of the bullish outlook on power demand.

    Also read: Tata Power soars to record high; becomes 6th Tata group firm to cross Rs 1 lakh cr m-cap

    In a January 2024 report, analysts at Antique had estimated that going ahead, Tata Power could outperform its sector because of three reasons - "it continues to break even because its share in coal profits is adjusted against tariff; Consolidated RE can deliver Rs 10,000 crore EBITDA by FY2027 as against Rs 3,400 crore in FY2024E; and the lowest capital outlay/MW for pumped hydro entails higher platform valuation."

    In a February 2024 report, JM Financial analysts had estimated that the company’s strategy that involved tapping high-margin group captive RE opportunities, venturing into brownfield pumped hydro storage, expanding transmission business beyond distribution, and visible resolution of the Mundra issue would position the company for accelerated growth.

    Recently, the company's CEO and MD Praveer Sinha told Moneycontrol that the company will have 50.7 percent of its total installed capacity from green energy sources by FY2026. "Currently, our clean energy portfolio is 5,500 MW. We have another 3,700 MW of renewable projects (solar and wind) which are under implementation. With this, our clean and green energy capacity will reach at least 9,200 MW " Sinha said.

    The Tata Power stock has gained over 123 percent in the last one year , and are currently trading at a trailing price earning multiple of  40.70 against a sector PE of 27.64.

    Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    Anishaa Kumar
    first published: May 7, 2024 02:59 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347
    CloseOutskill Genai