Arthneeti
VP

Vedanta Power Ltd

Q1 FY27Power

Vedanta Power Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹33
Market cap₹12.2K Cr
P/E19.9
Updated23 Sept 2026
Read5 min read

What the Q1 FY27 call signalled

2 of 4 strong

RevenueModerate growth
MarginMargins steady
CapexCapex planned
FundraiseFundraise planned

The short version

Zinc International aims to increase volumes from current 250 kt to 300 kt, then 500 kt, and ultimately 750 kt post Phase 2 expansion. Vedanta India consolidated EBITDA outlook is about INR 9.5 billion to 10 billion.

From Vedanta Power Ltd's Q1 FY27 earnings-call transcript · updated 23 Sept 2026.

Revenue & Sales Performance

Moderate growth
  • Zinc International aims to increase volumes from current 250 kt to 300 kt, then 500 kt, and ultimately 750 kt post Phase 2 expansion. Expected volume close to 450 kt this year.
  • BALCO expects full facility commissioning by year-end, with volume targets around 260-270 kt this year and an additional 190 kt next year.
  • Vedanta Aluminium's alumina production guided at 4.0-4.1 million tons for the full year, with higher volumes anticipated in H2 due to monsoon effects.
  • Aluminum production hit record 632 kt in Q1 FY27, with volume and cost improvements expected through ramp-up of Lanjigarh and BALCO Potline 3.
  • Coal mining at Kuraloi slated to start this quarter with expected volume growth in FY28 and FY29.

2 more points management made on revenue & sales performance

Profitability & Margins

See what Vedanta Power Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned
  • Vedanta Limited's growth capex target for FY27 is INR 7,000 crores (INR 5,000 crores for Zinc India, INR 2,000 crores for others) and maintenance capex is INR 4,000 crores (70% at Zinc India).
  • Vedanta Aluminum capex for FY27 is expected around INR 5,000 crores (INR 2,000-2,500 crores for BALCO, rest for VAML) and INR 3,500-4,000 crores for FY28.
  • BALCO's 3 MTPA expansion is on the drawing board, with phased capex starting around late FY28 or FY29; estimated cost ~$2,500 per ton.
  • Vedanta Aluminum has leftover capex of INR 7,000-8,000 crores over 18-24 months including BALCO and mine projects.

2 more points management made on capital expenditure plans

Top-ranked in Power

Ranked on what management guided this quarter

5x potential
1Insolation Ener
Rev 1Mar 1
2ACME Solar Hold.
Rev 1Mar 3
3
Rev 1Mar 3
4
Rev 1Mar 3
5
Rev 2Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Vedanta Power Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The document does not explicitly provide details on the current or expected order book or pending orders for Vedanta or its subsidiaries. However, related insights include: - Vedanta Power has tied up 600 MW power purchase agreements (PPAs) out of 1,600 MW capacity, with selective and strategic approach to signing PPAs at respectable rates. - The company is optimistic about tying up the remaining capacity within the year at favorable rates due to growing Indian power demand.

2 more points management made on order book & pipeline

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What Vedanta Power Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Vedanta Power Ltd Q1 FY27 results?

Zinc International aims to increase volumes from current 250 kt to 300 kt, then 500 kt, and ultimately 750 kt post Phase 2 expansion. Vedanta India consolidated EBITDA outlook is about INR 9.5 billion to 10 billion.

What is Vedanta Power Ltd share price analysis?

Vedanta Power Ltd currently shows a below-average growth signal. The stock trades at a P/E of 19.9 with a market cap of ₹12,189 Cr. Investors should review the full earnings analysis for detailed insights.

Is Vedanta Power Ltd planning capital expenditure?

Vedanta Limited's growth capex target for FY27 is INR 7,000 crores (INR 5,000 crores for Zinc India, INR 2,000 crores for others) and maintenance capex is INR 4,000 crores (70% at Zinc India).

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.