Vedanta Power Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹13,338 Cr
- P/E
- 21.73
- Price to sales
- 1.50
- Debt to equity
- 0.00
- 52W high / low
- ₹52.5 / ₹29.9
- EBITDA margin
- 17.71%
- Net profit margin
- 7.25%
- Promoter holding
- 56.38%
- Sales (last year)
- ₹8,799 Cr
Vedanta Power is the power generation business of Vedanta Group. It operates large thermal power assets and supplies electricity to industries and state utilities across India.
Guidance scorecard · Q2 FY27 call
What Vedanta Power's management guided
and where it ranks in Power
Power
RevenueQ1 FY27 call
10–20%- 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 from Vedanta Power's call on revenue
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MarginsQ1 FY27 call
FlatSee what Vedanta Power said on margins — free account, 30 seconds.
CapexQ1 FY27 call
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 from Vedanta Power's call on capex
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FundraisingQ1 FY27 call
PlannedSee what Vedanta Power said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- 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.
- Zinc International's volume expansion is progressing with phased concentrator commissioning targeting increased capacity, indicating ongoing operational orders.
Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Power
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Power companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹1,519 Cr | 7.8 | |
| 2 | 40%+ | Flat | ₹28,615 Cr | 48.0 | |
| 3 | 40%+ | Flat | ₹14,613 Cr | 93.2 | |
| 4 | 40%+ | Flat | ₹14,055 Cr | 532.8 | |
| 5 | 20–40% | Flat | ₹3.64L Cr | 20.0 | |
| 6 | 20–40% | Flat | ₹2.14L Cr | 109.5 |
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Pro shows every company guiding 40%+ revenue growth →Full Power rankingFinancials of Vedanta Power
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Vedanta Power
Shareholding breakup across reporting periods.
| Jun 2026 | Sep 2026 | |
|---|---|---|
| Promoters + | 56.38% | 56.38% |
| FIIs + | 8.51% | 6.80% |
| DIIs + | 13.01% | 10.71% |
| Government + | 0.06% | 0.06% |
| Public + | 21.89% | 25.88% |
| Others + | 0.16% | 0.16% |
| No. of Shareholders | 22,85,786 | 22,70,973 |
Pros & Cons
Vedanta Power
Key positives and risks surfaced from the company insights section.
- Company has low interest coverage ratio.
- Company has low interest coverage ratio.
Financials of Vedanta Power
Quarterly Results
Quarter-by-quarter operating performance
| Jun 2025 | Sep 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|
| Sales + | 1,986 | 2,104 | 2,684 | 2,607 | 2,908 |
| Expenses + | 1,569 | 1,914 | 2,090 | 2,316 | 2,487 |
| Operating Profit | 417 | 190 | 594 | 291 | 421 |
| OPM % | 21% | 9% | 22% | 11% | 14% |
| Other Income + | 5 | -2,065 | -31 | -478 | -12 |
| Interest | 151 | 172 | 190 | 196 | 200 |
| Depreciation | 169 | 210 | 223 | 225 | 130 |
| Profit before tax | 102 | -2,257 | 150 | -608 | 79 |
| Tax % | 14% | -25% | 7% | -30% | -5% |
| Net Profit + | 88 | -1,689 | 139 | -423 | 83 |
| EPS in Rs | 0.27 | -5.27 | 0.43 | -1.08 | 0.21 |
Financials of Vedanta Power
Profit & Loss
Annual income statement trend
| Mar 2026 | |
|---|---|
| Sales + | 8,799 |
| Expenses + | 7,241 |
| Operating Profit | 1,558 |
| OPM % | 18% |
| Other Income + | -2,295 |
| Interest | 705 |
| Depreciation | 829 |
| Profit before tax | -2,271 |
| Tax % | -26% |
| Net Profit + | -1,686 |
| EPS in Rs | -5.26 |
| Dividend Payout % | 0% |
Financials of Vedanta Power
Balance Sheet
Capital structure and asset base
| Mar 2026 | |
|---|---|
| Equity Capital | |
| Reserves | |
| Borrowings + | |
| Other Liabilities + | |
| Total Liabilities | |
| Fixed Assets + | |
| CWIP | |
| Investments | |
| Other Assets + | |
| Total Assets |
Financials of Vedanta Power
Cash Flows
Operating, investing and financing cash movement
| Mar 2026 | |
|---|---|
| Cash from Operating Activity + | |
| Cash from Investing Activity + | |
| Cash from Financing Activity + | |
| Net Cash Flow | |
| Free Cash Flow | |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit |
Financials of Vedanta Power
Ratios
Working capital efficiency and return ratios
| Mar 2026 | |
|---|---|
| Debtor Days | |
| Inventory Days | |
| Days Payable | |
| Cash Conversion Cycle | |
| Working Capital Days | |
| ROCE % |
Continue your research
What Vedanta Power's management said in earlier quarters
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