Vedanta Power posts record Q2 revenue of Rs 2,908 crore, EBITDA up 122 pc

Mumbai, Oct 30 (TNT) : Vedanta Power Limited on Friday reported its highest-ever quarterly revenue of Rs 2,908 crore for the quarter ended September 30, 2026, registering a 38 per cent year-on-year growth, while EBITDA more than doubled to Rs 421 crore.

Profit after tax (PAT) before exceptional items rose 171 per cent to Rs 101 crore, compared with the year-ago quarter, the company said in a release.

The company also reported its first-ever positive earnings per share (EPS) of Rs 0.21.

On a quarter-on-quarter basis, EBITDA increased 45 per cent and PAT before exceptional items rose 271 per cent, supported by record quarterly power sales.

For the first half of FY27, revenue increased 35 per cent year-on-year to Rs 5,515 crore, while EBITDA rose 17 per cent to Rs 712 crore.

PAT before exceptional items stood at Rs 42 crore, up 178 per cent. Power sales during the six-month period increased 32 per cent to 10,817 million units (MU).

The company attributed the performance to improved operational efficiency and higher generation across its power assets, including plants acquired and subsequently turned around.

Meenakshi Energy Limited in Andhra Pradesh recorded a 111 per cent increase in power sales to 1,470 MU during the second quarter.

The company said it had restored the plant’s full 1,000 MW capacity in 2025 following its acquisition in 2023.

The Jharsuguda Independent Power Plant in Odisha reported 98 per cent plant availability during the quarter, against 48 per cent in the corresponding period last year.

Talwandi Sabo Thermal Plant in Punjab supplied 2,945 MU, registering a six per cent increase, and recorded 86 per cent availability during the first half.

Vedanta Power CEO and Whole-time Director Rajinder Singh Ahuja said the record performance reflected improved asset efficiency and operational execution, adding that the company would focus on reliable power supply and capacity expansion to meet rising demand.

The company’s net debt-to-EBITDA ratio improved to 4.47 times at the end of the second quarter, compared with 5.38 times in the preceding quarter and 9.82 times in the year-ago period.

It also reported credit rating upgrades to AA-minus by CRISIL and ICRA.

The company said its sustainability initiatives included reducing freshwater consumption by 51 per cent year-on-year, achieving 65 per cent ash utilisation and planting 9.02 lakh trees across its assets.

It also reported 100 per cent saline water operations at Meenakshi Energy and 76 per cent local employment across its operations.

Vedanta Power said it aims to become one of India’s three largest private thermal power producers by FY33.

TNT KM