Vedanta Power Q1 FY27 Revenue up 31% to ₹2,607 Cr; Power Sales Surge 38%
Vedanta Power reported Q1 FY27 results with revenue up 31% YoY to ₹2,607 crore and power sales up 38% YoY to 5,224 million units. EBITDA was ₹291 crore. Credit ratings were upgraded by CRISIL to AA+(CE)/AA- and ICRA to AA-/A1+. The company maintained healthy liquidity with ₹1,130 crore in cash equivalents.
The significant increase in revenue and power sales, coupled with credit rating upgrades, are material positive developments that are likely to impact investor perception and the company's financial standing.
The company reported strong year-on-year growth in revenue and power sales, alongside credit rating upgrades and a healthy liquidity position, indicating positive financial and operational performance.
Vedanta Power Limited (VPL) announced its financial results for the first quarter ended June 30, 2026. The company reported a significant 31% year-on-year increase in revenue to ₹2,607 crore, driven by a 38% surge in power sales to 5,224 million units. EBITDA for the quarter stood at ₹291 crore.
The company highlighted operational excellence across its generating assets, with power sales secured under long-term/medium-term PPAs accounting for 74% of total sales. Vedanta Power, India's fifth-largest private sector thermal power producer with 4180 MW capacity, operates four plants: Talwandi Sabo Thermal Plant in Punjab, Meenakshi Energy Limited in Andhra Pradesh, Jharsuguda Independent Power Plant in Odisha, and Sakti Thermal Power Plant in Chhattisgarh. All assets are covered with 85% coal linkages, ensuring stable costs and fuel security.
Vedanta Power's Meenakshi Energy Limited achieved its highest-ever quarterly EBITDA of ₹112 crore, a 20% increase quarter-on-quarter, with 1,350 MU sold. The transition to 100% domestic coal is underway, expected to improve margins. The Talwandi Sabo Thermal Plant (TSTP) saw its Plant Availability Factor (PAF) increase from 77% to 86% and achieved the highest biomass co-firing in Punjab at nearly 8%, avoiding 1.37 lakh tonnes of CO2 emissions. The company also accelerated digital transformation with ITMS implementation, reducing truck turnaround time by up to 50%.
Rajinder Singh Ahuja, CEO of Vedanta Power, stated that this maiden quarter as a standalone listed company marks an important milestone, demonstrating business resilience and future readiness. The company is on track for commissioning its ~600 MW Unit 2 at the Sakti plant. Pankaj Jha, CFO, emphasized the company's well-positioned status for growth, supported by improved credit ratings from CRISIL to AA+(CE)/AA- and ICRA to AA-/A1+, and a healthy liquidity position of ₹1,130 crore in cash equivalents.
In terms of sustainability, Vedanta Power advanced initiatives including industry-leading biomass co-firing, 100% saline water operations at MEL, planting 8.76 lakh trees, reducing freshwater consumption by 17% YoY, and achieving 86% ash utilization. The company also positively impacted over 3.3 lakh individuals across four states and fostered an inclusive workplace with 60% local employment.
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