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Vedanta Power Q2 results: Company swings to profit at Rs 83 crore; revenue rises 38% YoY

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In short

The quarterly recovery was anchored by operational efficiency, including a 111% sales surge at Meenakshi Energy Limited and improved plant availability at the Jharsuguda facility. Earnings before interest, taxes, depreciation and amortisation more than doubled to Rs 421 crore, supported by total power sales reaching 5,593 million units. The company also strengthened its operational backbone by synchronising the Sakti plant and securing 85% of its fuel requirements through long-term coal arrangements.

Key points

  • Profit after tax before exceptional items touched Rs 101 crore, recovering swiftly from a…: Profit after tax before exceptional items touched Rs 101 crore, recovering swiftly from a loss of Rs 423 crore in the prior quarter.
  • Operational metrics benefited from enhanced realisations of Rs 5.20 per kilowatt-hour alo…: Operational metrics benefited from enhanced realisations of Rs 5.20 per kilowatt-hour alongside the synchronisation of the Sakti power plant.
  • Fuel security was reinforced with 85% long-term coal contracts while quarterly freshwater…: Fuel security was reinforced with 85% long-term coal contracts while quarterly freshwater consumption was reduced by 51%.

Sources checked by our analysis pipeline: 1

Revenue from operations rose 38% year-on-year (YoY) to Rs 2,908 crore in the second quarter of FY27, compared with Rs 2,104 crore in the corresponding quarter of the previous fiscal year.

The company reported its highest-ever quarterly performance, with earnings before interest, taxes, depreciation and amortisation (EBITDA) rising 122% YoY to Rs 421 crore. Profit after tax before exceptional items increased 171% to Rs 101 crore.

On a quarter-on-quarter basis, EBITDA rose 45%, while profit before exceptional items turned positive at Rs 101 crore, compared with a loss of Rs 423 crore in the preceding quarter. The performance was supported by the company's highest-ever quarterly power sales.

For the first half of FY27, Vedanta Power reported revenue of Rs 5,515 crore, up 35% YoY, while EBITDA increased 17% to Rs 712 crore. Profit after tax before exceptional items stood at Rs 42 crore, up 178% from the year-ago period. Power sales rose 32% to 10,817 million units (MU) during the first half.

The company reported power sales of 5,593 MU in the September quarter, an increase of 26% YoY. Net…

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