Tata Power’s standalone PAT for Q3 FY20 was just Rs 7 crore, as compared to Rs 271 crore in matching quarter last year, which was generally due to a deferred tax advantage of Rs 272 crore on power purchase contract (PPA) extension in Mumbai accredited area. Tata Power sources stated EBITDA of Coastal Gujarat Power Limited (CGPL-Mundra) continued to enhance to Rs 260 crore in Q3 FY20, from a loss of Rs 120 crore in previous year, on the back of lower coal rates. Integrated losses have actually minimized significantly from Rs 276 crore in Q3 FY19 to Rs 43 crore throughout December quarter this fiscal. The company repaid loans worth Rs 857 crore in the last quarter, and Rs 2,257 crore since March 2019.
Tata Power’s standalone PAT for Q3 FY20 was only Rs 7 crore, as compared to Rs 271 crore in matching quarter last year, which was generally due to a deferred tax benefit of Rs 272 crore on power purchase arrangement (PPA) extension in Mumbai accredited area. Tata Power sources said EBITDA of Coastal Gujarat Power Limited (CGPL-Mundra) continued to improve to Rs 260 crore in Q3 FY20, from a loss of Rs 120 crore in previous year, on the back of lower coal prices. Integrated losses have actually decreased considerably from Rs 276 crore in Q3 FY19 to Rs 43 crore during December quarter this fiscal.
