Vedanta Power slips into loss in Q1 FY27, revenue surges 31%; check June quarter earnings

Its revenue from operations, however, surged 30.99% year-on-year (YoY) to ₹2,595 crore during the quarter, from ₹1,981 crore in the first quarter of the 2025-26 fiscal year (Q1 FY26).

Its EBITDA (earnings before interest, tax, depreciation and amortisation) stood at ₹291 crore in Q1 FY27, reflecting a 30.21% YoY decline from ₹471 crore in the same period of the previous fiscal year.

The company’s power sales soared 38% YoY to 5,224 million units, according to a regulatory filing.

It further strengthened its business resilience with 74% of power sales secured under long- and medium-term power purchase agreements (PPAs) such as Punjab, Odisha, a 500 megawatt (MW) contract with Tamil Nadu, and recently secured 100 MW contract with Kerala.

What the management said

Commenting on the results, Rajinder Singh Ahuja, Chief Executive Officer of Vedanta Power Limited, said: “Our maiden quarter as a standalone listed company marks an important milestone for Vedanta Power. Strong revenue and power sales, backed by operational excellence, fuel security, improved credit ratings, and sustainability initiatives, demonstrate the resilience of our business and future readiness.”

Ahuja also added that the company has progressed to approximately 600 MW at Unit 2 at the Sakti plant, which remains on track for commissioning.

“As India's energy needs continue to expand, we remain committed to delivering reliable, efficient, and sustainable power while creating long-term value for all our stakeholders,” he stated.

The company’s Q1 performance reflects the resilience of Vedanta Power’s diversified business model, said Pankaj Jha, Chief Financial Officer, Vedanta Power Limited.

“Strengthened by improved credit ratings CRISIL AA+ (CE)/AA- and ICRA AA-/A1+, a healthy liquidity position of ₹1,130 crore in cash equivalents, long-term coal security, and disciplined financial management. We remain well positioned to support our growth pipeline and create sustainable stakeholder value,” Jha added.

About Vedanta Power

Vedanta Power shares were listed on the BSE and the National Stock Exchange (NSE) last month, and the quarter marks its first set of results as an independently listed entity.

The listing ceremony, on June 15, was led by Vedanta Group Chairman Anil Agarwal.

​Vedanta Power had earlier said it is evaluating a foray into hydro, battery storage and nuclear energy as part of a long-term diversification plan.

The company had said it recognises nuclear energy as a clean, reliable round-the-clock power source and a key enabler of the country's energy transition. ​

The listing marks an important inflection point for Vedanta Power as a focused, independent business built on a strong operational foundation and positioned to support India's rapidly growing energy demand, the company said in a statement. ​

Backed by a clear growth roadmap, Vedanta Power is focused on enhancing operational excellence, expanding capacity and building a long-term power platform for India.

The company plans to scale its capacity to 20 gigawatts (GW), with the long-term ambition to be among the top-three private-sector power companies in the country.

As part of this journey, Vedanta Power expects to commission the second 600 MW unit at its Sakti plant in the second half of FY27 and increase total capacity to 12 GW by FY33. ​

With a total thermal power capacity of 4,780 MW, the company supplies power to discoms nationwide through long-term partnerships, while supporting emerging grid requirements, according to its website.