Tata Power announced that it will be releasing its earnings for the quarter ended September on October 30.

What Happened: The company informed the exchange on Monday evening that a meeting of the company’s board of directors has been scheduled on Wednesday, October 30, to consider the financial results for the June-September quarter.

What To Expect: Antique Broking’s analysis of Tata Power indicates a strong performance from the company’s Odisha distribution companies (discoms), which have surpassed expectations. The discoms—CESU, SOUTHCO, WESCO, and NESCO—have shown significant improvements in reducing their Aggregate Technical & Commercial (AT&C) losses.

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Currently, these losses stand at 31%, 33%, 26%, and 21% respectively. Over the next decade, these losses are projected to narrow further to 13.5%, 9.5%, 15%, and 9.5%.

For Tata Power Solar, the order backlog is strong at ₹15,600 crore, ensuring a steady flow of project execution in the near term. However, despite this healthy order pipeline, margins in the solar division have been volatile, which could be due to fluctuations in project composition, pricing dynamics, and cost structures.

The brokerage expects the company’s revenue to come in at ₹17,422 crore, up 3.5% on a year-on-year basis. PAT is seen at ₹1,121.8 crore, up 10% YoY.

Last month, the company signed a Memorandum of Understanding (MoU) with the Rajasthan government, committing to an investment of approximately ₹1.2 lakh crores in power distribution, transmission, and renewable energy projects.

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