Document Title: Vedanta Power Limited Q2 FY27 Financial Results and Demerger Completion Disclosure
Summary of Key Information:
Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026 (Q2 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting - Approval of Unaudited Financial Results
Date of Board Meeting / Approval: October 29, 2026 (commenced 04:21 p.m., concluded 05:12 p.m. IST)
Audit Opinion: Unmodified opinion from statutory auditors M/s Walker Chandiok & Co LLP
Auditor's Comment: No qualifications or modifications affecting earnings quality, internal controls, or going concern
Key Financial Highlights [₹ in Crore]
Standalone Results:
Revenue from Operations: Q2 FY27: ₹2,066 crore (Q2 FY26: ₹1,740 crore) - 19% YoY growth
Total Income: Q2 FY27: ₹2,075 crore (Q2 FY26: ₹1,751 crore)
Net Profit: Q2 FY27: ₹51 crore profit (Q2 FY26: ₹1,641 crore loss)
EPS: Basic and Diluted: ₹0.13 (Q2 FY26: ₹-4.20)
Other Equity: ₹4,718 crore
Cash and Cash Equivalents: ₹561 crore
Debt: Total borrowings ₹7,495 crore (Non-current: ₹6,187 crore, Current: ₹1,308 crore)
Consolidated Results:
Revenue from Operations: Q2 FY27: ₹2,908 crore (Q2 FY26: ₹2,104 crore) - 38% YoY growth
Total Income: Q2 FY27: ₹2,919 crore (Q2 FY26: ₹2,106 crore)
EBITDA: Q2 FY27: ₹421 crore (Q2 FY26: ₹190 crore) - 122% YoY improvement
Net Profit: Q2 FY27: ₹83 crore profit (Q2 FY26: ₹1,689 crore loss) - attributable entirely to owners
EPS: Basic and Diluted: ₹0.21 (Q2 FY26: ₹-4.32)
Other Equity: ₹9,268 crore
Cash and Cash Equivalents: ₹564 crore
Debt: Total borrowings ₹8,507 crore (Non-current: ₹6,912 crore, Current: ₹1,595 crore)
Segment-wise Performance:
The Group operates in only one reportable segment: 'Generation of Power' as identified by the CODM (Board of Directors). No separate segment-wise breakdown provided.
Corporate Actions:
- Completed demerger from Vedanta Limited effective May 1, 2026 (Appointed Date)
- Issued 3,91,03,88,057 equity shares of face value ₹10 each to Vedanta Limited shareholders at 1:1 entitlement ratio (Vedanta Limited shares had face value ₹1)
- Shares listed and admitted to trading on BSE and NSE on June 15, 2026
- No dividend declarations, share splits, bonus issues, or buybacks announced
Regulatory Disclosures:
- No deviations or variations in proceeds of public issues
- No outstanding defaults on loans and debt securities
- Related party transactions disclosure to be filed along with XBRL for financial results
- No audit qualifications requiring impact statement
- Commercial Papers listed on NSE: 6,000 CPs of face value ₹5,00,000 each on August 25, 2026
Other Significant Information:
- Supreme Court penalty: ₹127 crore plus applicable late payment surcharge booked as exceptional loss for alleged mis-declaration of declared capacity (total exceptional loss ₹510 crore for H1 FY27)
- Useful life revision: Plant and machinery useful life reassessed to 40 years, reducing depreciation expense by ₹92 crore (consolidated) and ₹73 crore (standalone) for H1 FY27
- Boiler incident: Occurred on April 14, 2026 at Unit 1 Boiler of 1,200 MW Sakti Thermal Plant at Singhitarai - no material impact on operations, financial position, or liquidity
- Subsidiary structure: Has one subsidiary - Meenakshi Energy Limited (no step-down subsidiaries or JV/associate companies)
- Accounting policy: Comparative periods restated to reflect demerger from April 1, 2025, as per Scheme requirements
Financial Ratios (Consolidated) as at September 30, 2026:
- Debt equity ratio: 0.65 times
- Debt service coverage ratio: 1.14 times
- Interest service coverage ratio: 1.81 times
- Current ratio: 0.82 times
- Operating profit margin: 10.01%
- Net profit margin: 3.47%
- Net worth: ₹13,179 crore