Tata Power appoints 3 new Independent Directors

Tata Power has appointed 3 independent directors namely, Vibha Padalkar, Anjali Bansal, and Sanjay Bhandarkar on its board which will come into effect from 14^th Oct, 2016.

Tata Power mentioned in the statement last day that the appointments are in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,

While Bansal is a Senior Advisor to TPG Capital (TPG), a top global private equity fund based in Mumbai, Padalkar is Executive Director and CFO at HDFC Standard Life Insurance Company (HDFC Life). Bhandarkar is the former MD of Rothschild's Investment Banking operations in India.

The appointment of all the three independent directors was recently sanctioned at a Board meeting. Tata Power along with its subsidiaries and jointly controlled entities has an installed gross generation capacity of 9,432 MW. Its presence is spread in all the sectors of the power sector namely fuel security and logistics, generation like thermal, hydro, solar and wind, transmission, distribution and trading.

After WREPL (Welspun Renewables Energy) acquisition, the installed gross generation capacity would be 10,573 MW.The first half of 19^th Oct trading session saw Tata Power share price trading at Rs.78.80, up by 1.61 per cent.The stock opened at Rs. 77.65, touching the day’s high and low at Rs. 78.95 and Rs.77.65.

Tata Power share price touched its new 52 week high value few days back on 10^th Oct ’16 at Rs. 82 while the 52 week low is seen at Rs. 55.00 on 12^th Feb ‘16 . The Average Daily Movement of the stock is 2 and its average volume for last 20 days is 4659167. The stock yields 4.37  per cent monthly returns. The market cap of the company amounts to Rs. 21298.96 (Cr) and has a book value of Rs.54.60.

Tata Power is analyzed by Dynamic Levels as the top 500 performing stocks for the June quarter among the 1700 stocks which are listed on the NSE.  Tata Power is fundamentally strong and is safe for investment, as per Dynamic analysts

In order to know about the support and resistance levels of the scrip and also its fundamentals and financials, please a pay a visit to Tata Power share price history.

Tata Power Q1 Profit Tanks 76% on One-Time Loss

Tata Power began the financial year 2016–17 on a sad note as consolidated profit in April-June quarter slumped by 76.1 per cent year-on-year (YoY) to Rs.72.5 crores, affected by one-time loss and lower other income. The company’s revenue slipped by 4.8 per cent to Rs.6,838.3 crores during the quarter as compared to Rs.7,183.7 crores in the corresponding period of last fiscal.

Its revenue, including regulatory expenses, stood at Rs.6,566 crores as compared to Rs.7,016 crores last year. The Tata Group company said that this is majorly because previous quarter had favourable ATE — Appellate Tribunal For Electricity order impact in standalone for Rs.137 crores, while the corresponding quarter has an adverse Maharashtra Electricity Regulatory Commission (MERC) order in Mumbai Transmission Business for standalone of Rs.62 crores and lower capacity revenue in CGPL.

Tata Power reported regulatory expenses of Rs.272.12 crores for the quarter against regulatory expenses of Rs.224.02 crores & income of Rs.56.59 crores in the same period last year. The power company has posted one-time loss of Rs.312 crores during the quarter.

Despite the dip in profit, Tata Power share price was trading 0.94 per cent higher at Rs.75.50 on NSE today. It opened at Rs.74.05 from a previous closing of Rs.74.80.

Tata Power achieved generation of 11,122 million units of power from all its plants in the June quarter. Profit was estimated by analysts at Rs.328 crores on revenue of Rs.9,250 crores for the quarter. However, it missed the estimates.

EBITDA — operating profit slumped 11.3 per cent year-on-year (YoY) to Rs.1,635.5 crores and margin contracted by 180 basis points at 23.9 per cent in the June quarter. Other income during the June quarter declined 54.1 percent to Rs.12 crores on yearly basis.

Kindly visit Tata Power share price history for information on the support and resistance levels of the stock.

Tata Power Q1 profit up 36%, Mundra volumes may be flat

Tata Power’s April-June quarter’s consolidated profit was seen rising 36 per cent year-on-year (YoY) to Rs.28 cr due to decrease in finance cost after loan refinancing, as per the average of estimates of the analysts polled by CNBC-TV18. Higher profitability at Maithon, higher EBIT spread for coal and lower losses at Mundra might drive bottomline. 

Revenue is likely to be flat at Rs.9,250 cr for the quarter as compared to Rs.9,235 cr year-ago period. Its operating profit might slump 5 per cent to Rs.2,073 cr and margin might shrink 112 basis points to 22.5 per cent on yearly basis. Meanwhile, Tata Power share price was trading 0.91 per cent higher at Rs.77.75 on NSE today. It opened at Rs.77.90 from a previous closing of Rs.77.05.  

Analysts expect power generation of 10,337 million units as compared to 11,170 million units year-on-year (YoY) and flat volumes at Mundra to offset by higher volumes at Delhi and Mumbai circles. They see lower losses at Mundra because of lower fuel cost and coal processing charges.  

As per analysts, dip in coal price might reduce profitability in coal business but aid profitability for power business. The analysts expect tax rate to decrease from over 45 per cent to 35 per cent. Key points to watch out for would be compensatory tariff order, Docomo pay off, sale of BUMI mines and Mundra losses. 

For details on the support and resistance levels of the scrip, please visit Tata Power share price history.

Tata Power Q1 Profit up by 36% yet Topline may be Flat

The largest integrated power company in India, Tata Power share price opened at Rs. 71.15 up by 0.64% touching the intraday high and low at Rs. 71.50 and 71.15 respectively.With reference to the previous letter dated August 03, 2016, Tata Power has disclosed that the meeting of the Board of Directors of the Company to review (i) the Audited Financial Results (Standalone) and (ii) Unaudited Consolidated Financial Results of the Company for the June ’16 quarter end will be kept in hold on August 23, 2016 (Q1).

Analysts hopes power generation volumes at 10,337 million units against 11,170 million units Y-o-Y. Tata Power’s consolidated profit in first quarter is expected to rise 36 percent Y-o-Y to Rs 328 crore because of lower finance and tax expenses, as per average of estimates of analysts polled by CNBC-TV18. Higher profitability at Maithon, higher EBIT spread for Coal and lower losses at Mundra may also bring profit. As of now Tata Power share price is trading at Rs. 71 with an increase of 0.20 points.

The Revenue might be at Rs 9,250 crore in the June 2016 quarter end as compared with Rs 9,235 crore in year-ago period. Analysts also anticipate power generation volumes at 10,337 million units against 11,170 million units on yearly basis. They observe flat volumes at Mundra that may be offset by higher volumes at Mumbai and Delhi circles. Losses may be reduced at Mundra plant because of lower fuel cost and coal processing charges. Coal price decline may diminish profitability in coal business yet may be aided profitability for power business. Tax rate may narrow from over 45 percent to 35 percent in Q1 Y-o-Y. Operating profit (EBITDA - earnings before interest, tax, depreciation and amortisation) is assumed to fall 5 percent Y-o-Y to Rs 2,073 crore and margin may contract 112 basis points to 22.5 percent in Q1.

The current market cap of the Tata Power share price is observed at Rs. 19027.07 crores. On 13th June Tata Power share price touched its 52 week high at Rs. 77.40 while the 52 week low is seen at Rs. 55. For more details visit Tata Power share price history.