Vedanta Power LimitedQ2 FY27 Results & Financial Update
Vedanta Power Limited: Q2 FY27 consolidated results and company financials – revenue ₹5,515.00 Cr, PAT ₹-340.00 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Vedanta Power Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Vedanta Power Limited reported consolidated revenue from operations of INR 5,515 crore for the quarter ended September 30, 2026, alongside total income of INR 5,535 crore.
The top line registered a sequential expansion compared to the previous quarter's revenue of INR 2,607 crore, representing an increase of INR 2,908 crore or 111.55 percent.
Despite top-line expansion, the company remained unprofitable during the period, recording a consolidated loss before tax of INR 529 crore and a net loss after tax of INR 340 crore.
The sequential bottom-line performance widened from a PBT of INR 79 crore and a PAT of INR 83 crore in the preceding quarter ended June 30, 2026.
Basic and diluted earnings per share stood at negative INR 0.87 for the quarter, compared to positive territory in the preceding period.
Cost structures during the quarter included finance costs of INR 396 crore and depreciation and amortisation expenses of INR 355 crore.
The tax credit for the quarter was recorded at INR 189 crore, moderating the pre-tax loss to arrive at the reported net loss figure.
01 · Business model
What does Vedanta Power do?
Vedanta Power Limited operates within the power generation and energy infrastructure sector, managing consolidated utility assets and power supply operations.
The company generates revenue primarily through the generation and sale of power, supported by auxiliary income streams and interest earnings on capital deployments.
Its operational model centers on capital-intensive power generation plants, which involve significant financing costs and fixed asset depreciation relative to top-line realizations.
02 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹5,515.00 Cr | ₹2,607.00 Cr |
| Total income | ₹5,535.00 Cr | ₹2,616.00 Cr |
| Profit before tax | ₹-529.00 Cr | ₹-608.00 Cr |
| Profit after tax | ₹-340.00 Cr | ₹-423.00 Cr |
| EPS | ₹-0.87 | ₹-1.08 |
Financial interpretation
What the reported numbers mean
Profit after tax represented -6.2% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to -9.6% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹20.00 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue from operations reached INR 5,515 crore in Q2 FY27, more than doubling from INR 2,607 crore reported in Q1 FY27.
Total income for the quarter stood at INR 5,535 crore, inclusive of other income of INR 20 crore and interest income of INR 8 crore.
What drove margins
High fixed costs continued to impact profitability, with finance costs at INR 396 crore and depreciation at INR 355 crore during the quarter.
A positive tax credit of INR 189 crore cushioned the bottom line, reducing the net loss to INR 340 crore from a pre-tax loss of INR 529 crore.
04 · Reported developments
What changed operationally
Operating revenue grew significantly by 111.55% sequentially to INR 5,515 crore in Q2 FY27 from INR 2,607 crore in Q1 FY27.
05 · Pressure points & risks
What is not going smoothly
The company swung into a net loss of INR 340 crore in Q2 FY27 compared to a net profit of INR 83 crore in the previous quarter.
06 · Items worth noticing
The line items that can distort a quick read
The company booked a tax credit of INR 189 crore for the quarter, reflecting adjustments in deferred or current tax provisions.
07 · Beyond the numbers
What changed beyond the numbers
Reported update
Filing Compliance
The financial results were submitted via structured XBRL filings to the stock exchange for the quarter ended September 30, 2026.
08 · Previous-quarter changes
What changed since the previous quarter
Revenue increased from INR 2,607 crore in Q1 FY27 to INR 5,515 crore in Q2 FY27, accompanied by an increase in finance costs from INR 196 crore to INR 396 crore.
09 · Key Q&A
The quarter, answered directly
What does Vedanta Power do?
Vedanta Power Limited operates within the power generation and energy infrastructure sector, managing consolidated utility assets and power supply operations.
What is the clearest takeaway from Q2 FY27?
Vedanta Power Limited reported consolidated revenue from operations of INR 5,515 crore for the quarter ended September 30, 2026, alongside total income of INR 5,535 crore.
What drove revenue or demand?
Revenue from operations reached INR 5,515 crore in Q2 FY27, more than doubling from INR 2,607 crore reported in Q1 FY27.
What mattered most for margins or profitability?
High fixed costs continued to impact profitability, with finance costs at INR 396 crore and depreciation at INR 355 crore during the quarter.
What changed operationally beyond the headline numbers?
The financial results were submitted via structured XBRL filings to the stock exchange for the quarter ended September 30, 2026.
What are the main pressure points disclosed for the quarter?
The company swung into a net loss of INR 340 crore in Q2 FY27 compared to a net profit of INR 83 crore in the previous quarter.
10 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
Build your own next-quarter scenario
Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.
Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
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Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%
The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
11 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Profitability and Cost Management: Track whether subsequent quarters can sustain higher top-line volumes and manage fixed financing and depreciation overheads to return to net profitability.
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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.