Vedanta Group Stocks Mixed on Company‑Specific Updates and Q2 FY27 Results
Vedanta Power, one of the entities created following the demerger of Vedanta Ltd, reported a strong operational performance in Q2 FY27. Power sales rose 26% year‑on‑year (YoY) to 5,593 million units, while for the first half of FY27 power sales stood at 10,817 million units, up 32% YoY. The company will announce its September quarter (Q2 FY27) results on Thursday, October 29, 2026, after a board meeting scheduled for the same day. The board will consider and approve the quarter’s standalone and consolidated unaudited financial results and the half‑year results for the period ended September 30, 2026.
Meenakshi Energy Ltd recorded a 111% YoY increase in power sales to 1,470 million units in Q2 FY27, with first‑half sales reaching 2,820 million units, up 160% from the year‑ago period. Jharsuguda Thermal Plant reported an 186% YoY increase in quarterly power sales to 873 million units, and its Plant Availability Factor (PAF) improved to 98% from 43% in the corresponding quarter last year. Talwandi Sabo recorded power sales of 2,945 million units in Q2 FY27, up 6% YoY.
The company said it would announce its financial results and related disclosures after the conclusion of the board meeting, in accordance with the applicable SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board meeting is set for Thursday, October 29, 2026, where the company will consider and approve the quarter’s standalone and consolidated unaudited financial results and the half‑year results for the period ended September 30, 2026.
Vedanta Oil and Gas, formerly known as Malco Energy, is also scheduled to announce its financial results for the quarter ended September 30, 2026, on Thursday, October 29. In Q1 FY27, the company reported a profit of ₹945 crore, including discontinued operations, compared with a loss of ₹104 crore in the corresponding quarter of the previous fiscal year. Revenue rose 9% YoY to ₹2,507 crore in the June quarter, compared with ₹2,303 crore in the year‑ago period.
Vedanta Chairman Anil Agarwal said the conglomerate is exploring investments of ₹70,000-₹80,000 crore in West Bengal for power generation and an aluminium smelter. Chief Minister Suvendu Adhikari, whom Agarwal met at the state secretariat, said the proposed investments could create around 10,000 jobs. Agarwal told reporters in Kolkata that the group would assess the feasibility of the projects, with coal availability and existing infrastructure potentially supporting industrial operations. The projects could become operational within the next three years if the state government provided proactive support.
Mining major Vedanta reported a more than two‑fold rise in consolidated net profit to ₹3,650 crore in Q2 FY27, driven by higher commodity prices, favourable forex, and higher volumes. Revenue from operations increased to ₹26,356 crore from ₹16,736 crore a year ago, while total expenses rose to ₹18,476 crore from ₹13,793 crore. Vedanta’s gross debt stood at ₹30,297 crore as of September 30, 2026. Group CFO Ajay Goel said the strong cash generation of ₹5,803 crore during the quarter enabled the company to reduce its net debt by ₹4,624 crore to ₹3,675 crore. Vedanta Iron and Steel CEO Anamika Jha resigned due to personal reasons, effective from the close of business hours on October 28, 2026.