Vedanta Power announced that revenue for the quarter ended 30 September rose 38 % year‑on‑year to ₹2,908 crore, while earnings before interest, tax, depreciation and amortisation (EBITDA) more than doubled to ₹421 crore from ₹190 crore a year earlier. Profit before exceptional items stood at ₹101 crore, compared with a loss of ₹142 crore in the same quarter last year, a turnaround attributed to higher electricity sales, improved realisations and stronger plant availability. The EBITDA margin expanded to about 14.5 % from 9 % in the September quarter of FY26, although it remained below the 15.6 % recorded in the June quarter.

Net profit for the quarter was ₹83 crore, a stark reversal from the ₹1,688 crore loss reported a year earlier, which included exceptional items of ₹1,547 crore. Earnings per share turned positive for the first time, at ₹0.21. Power sales increased 26 % year‑on‑year to 5,593 million units (MU), while net realisation rose to ₹5.20 per kilowatt‑hour from ₹4.74 a year earlier, reflecting higher volumes and improved pricing. The EBITDA margin expansion to about 14.5 % also contributed to the profitability. The EBITDA margin expansion to about 14.5 % also contributed to the profitability.

On a sequential basis, revenue increased 11.5 % from ₹2,607 crore, while EBITDA rose 44.7 % from ₹291 crore. Profit before exceptional items improved from a loss of ₹59 crore in the preceding quarter. For the first half of FY27, revenue rose 35 % annually to ₹5,515 crore, and EBITDA increased 17 % to ₹712 crore. Profit before exceptional items climbed 178 % to ₹42 crore, while power sales rose 32 % to 10,817 MU. The sequential rise in EBITDA reflects improved plant availability and higher sales volumes. This trend aligns with the company's focus on operational efficiency.

Chief executive officer and whole‑time director Rajinder Singh Ahuja said the company’s highest ever Q2 performance reflects the inherent strength of its assets and the resilience of its operations, with results driven by core operational performance. He added that the first‑ever positive earnings per share marks a turning point for Vedanta Power and that the company would focus on improving asset efficiency and expanding capacity to meet India’s demand for reliable electricity. Improved performance at acquired and existing assets contributed to the increase in generation and sales. Meenakshi Energy Ltd in Andhra Pradesh recorded power sales of 1,470 MU in the September quarter, up 111 % year‑on‑year, after the plant’s full 1,000‑megawatt capacity was restored in 2025 following its acquisition in 2023. The unit reported quarterly EBITDA of ₹101 crore.

Vedanta Power’s net debt fell to ₹7,444 crore at the end of September from ₹7,704 crore in June, while its net debt‑to‑EBITDA ratio improved to 4.47 times from 5.38 times in the preceding quarter and 9.82 times a year earlier. Cash stood at ₹1,063 crore. The company said CRISIL and ICRA had upgraded its ratings to AA‑, citing improved cash flows and treasury discipline. Chief financial officer Pankaj Jha said higher volumes, improved realisations, cost discipline and financial efficiency had supported the turnaround. “We will keep prioritising deleveraging and cost of funds as new capacity comes into operation,” he said.

Vedanta Power also reported progress on environmental and community initiatives, including biomass co‑firing, a 51 % year‑on‑year reduction in freshwater consumption and ash utilisation of 65 %. It said its operations had planted 9.02 lakh trees and its community programmes had reached more than 1.7 lakh women and children across four states. The company operates thermal power capacity of 4,780 MW and aims to become one of India’s three largest private thermal power producers by FY33. The Sakti power plant was synchronised on 25 October, a step towards bringing additional capacity into operation, with its contribution to earnings and cash generation depending on sustained, stable operations.