Vedanta Power Ltd reported its highest-ever quarterly performance in Q2 FY27, marking a sharp turnaround in profitability as revenue, EBITDA and power sales registered sequential growth. The company posted a net profit of ₹83 crore, compared with a loss of ₹423 crore in the previous quarter, while its EBITDA margin expanded to 14.5% from 11.2%.
Revenue rose 11.5% quarter-on-quarter to ₹2,908 crore from ₹2,607 crore. EBITDA increased 44.7% to ₹421 crore from ₹291 crore in the preceding quarter, reflecting an improvement in operating performance.
The company also reported its first-ever positive earnings per share (EPS).
Power sales hit a record high
Operational improvements at key assets supported the growth in power generation and sales. Vedanta Power recorded its highest-ever quarterly power sales of 5,593 million units in Q2 FY27, marking a 26% increase year-on-year.
Sales at Meenakshi Energy rose 111% year-on-year, while those at Jharsuguda increased 187%. Plant availability reached 98%, supporting the company’s operational performance during the quarter.
The Talwandi Sabo Thermal Plant also reported an increase in sales, with volumes rising 6% to 2,945 million units. The performance across these assets contributed to the company’s record quarterly power sales.
Balance sheet strengthens
Alongside the improvement in operating performance, Vedanta Power reported a significant improvement in its net debt-to-EBITDA ratio. The ratio stood at 4.47 times in Q2 FY27, compared with 9.82 times a year earlier, indicating an improvement in its leverage position.
The quarterly results reflect a combination of higher power sales, improved plant availability and stronger profitability. The company moved from a substantial loss in the previous quarter to a profit in Q2, while also expanding its EBITDA margin.
Shares of Vedanta Power Ltd closed at ₹28.82 on the BSE on Thursday, October 29, up 0.14%, or ₹0.04, ahead of the earnings announcement.
Vedanta Power is part of the Vedanta Group and operates in the power generation business, with thermal power assets including the Talwandi Sabo Thermal Plant, Meenakshi Energy and the Jharsuguda facility.