Vedanta Power Ltd · NSE:VEDPOWER
Vedanta Power — Q2 FY27 Earnings Presentation
34 slides from Vedanta Power's earnings presentation, Oct 29, 2026
Slide 1: Exchange cover letter: Outcome of Board Meeting
VPL/Sec./SE/26-27/32 October 29, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers “Exchange Plaza” Dalal Street, Fort Bandra-Kurla Complex, Bandra (East), Mumbai - 400 001 Mumbai – 400 051 Scrip Code: 544781 Scrip Code: VEDPOWER Sub: Outcome of Board Meeting held o
Slide 2: Vedanta Power Reports Highest-Ever Quarterly Performance in Q2 FY27
Vedanta Power Reports Highest-Ever Quarterly Performance in Q2 FY27, Backed by Strong Operational Excellence; EBITDA Soars 122% and Revenue Rises 38% YoY • Record Generation into Record Earnings- YoY Revenue jumps 38%, EBITDA up 122%, Sales surged 26%, first ever positive earnings per share (EPS). •
Slide 3: Press release continued: CFO commentary and record quarter
1,470 MU. Jharsuguda Independent Power Plant in Odisha reported 98% plant availability, compared with 48% in the year-ago quarter. Talwandi Sabo Thermal Plant in Punjab supplied 2,945 MUs during Q2, up 6% YoY, and recorded H1 availability of 86%. Pankaj Jha, Chief Financial Officer, Vedanta Power Li
Slide 4: Business units, balance sheet and financial performance
3. Business units: o MEL: 1,470 MUs sold (+9% QoQ, +111% YoY), quarterly EBITDA of INR 101 Cr, and a push towards 100% domestic coal. o JIPP: Q2 Availability (PAF) rose to 98% against 48% a year ago. In terms of volume sold, Jharsuguda supplied 873 MUs in Q2 (+27% QoQ, 187% YoY). o Sakti: Synchronis
Slide 5: About Vedanta Power
About Vedanta Power: Vedanta Power Limited [NSE: VEDPOWER; BSE: 544781] is one of India’s leading private power producers, delivering reliable power for a growing economy, that lights homes, touches lives, and drives transformation across the nation. With a total thermal power capacity of 4,780 MW,
Slide 6: Vedanta Power Limited 2Q FY27
Vedanta Power Limited EARNINGS PRESENTATION 2Q FY27 Powering Delivering Driving Growth Responsibly Sustainability
Slide 7: Table of Contents
1 Highlights 1 Quarterly Highlights 2 ESG 2 Highlights | CSR 3 3 Industry Overview Table of 4 4 Asset Overview Contents 5 Business Performance 5 Sakti | Meenakshi | Jharsuguda | Talwandi Sabo 6 6 Finance Update 7 Appendix
Slide 8: Highlights 2QFY27
Highlights 2QFY27
Slide 9: 2QFY27 Executive Summary
I 2QFY27 Executive Summary Record Performance Our Vision Leading energy security with reliable power, for a PAT (before ex.) REVENUE EBITDA future that inspires inclusive and sustainable growth. ₹ 2,908 Cr ₹ 421 Cr ₹ 101 Cr +38% YoY +122% YoY +171% YoY Our Mission To deliver round-the-clock affordab
Slide 10: 1HFY27 Executive Summary
I 1HFY27 Executive Summary Record Performance Our Vision Leading energy security with reliable power, for a future that inspires REVENUE EBITDA PAT (before ex.) inclusive and sustainable growth. ₹ 5,515 Cr ₹ 712 Cr ₹ 42 Cr +35% YoY +17% YoY +178% YoY Our Mission To deliver round-the-clock affordable
Slide 11: ESG & CSR
ESG & CSR to 4 power edant
Slide 12: ESG Overview
I ESG Overview Transforming Communities Transforming the Planet Transforming the Workplace 4,297* 0.88 tCO2e/MWh 31% Families skilled GHG Intensity Women in workforce (+10% QoQ, +23% YoY) (+5% QoQ, +2% YoY) (+11% QoQ, +27% YoY) 1.70 Lakhs* 1.64 m³/MWh 24% Women & Children Impacted Specific Fresh Wat
Slide 13: CSR Empowering Communities – 1HFY27
I CSR Empowering Communities – 1HFY27 VPL CSR Total Target Beneficiaries Beneficiaries Achieved Achievement Highlights 87,900 48,331 55% FY’27 Beneficiaries Thematic Area Objective FY’27 Target Beneficiaries Achieved Healthcare • Primary Healthcare Services 22,500 13,290 • Nutritional Support for TB
Slide 14: Industry Overview
Industry Overview India Outlook
Slide 15: Power Generation – Driving Economic Growth
I Power Generation – Driving Economic Growth Peak Demand Vs IEX DAM Price 48998 2024 Power Consumption (kwh/capita) 300 271 270 10 Peak Demand (GW) IEX DAM Price (Rs/kWh) 241 245 250 230 2000kwh by 2030 4000kwh by 2047 23673 5.7 200 5.1 12835 14084 3.9 3.9 6109 6447 7530 3.2 2658 3068 4198 150 195 1
Slide 16: Asset Overview
Asset Overview c Thermal Power
Slide 17: Current Portfolio: India's 5th Largest Private Thermal Power Producer
I Current Portfolio: India’s 5th Largest Private Thermal Power Producer Talwandi Sabo Thermal Sakti Thermal Power Plant, Punjab Plant, Chhattisgarh Highlights 1200 MW 1980 MW (3 x 660 MW) (600 MW Operational; 600 MW Capacity Under Commissioning) Super-Critical Power Plant Sub-Critical Power Plant Op
Slide 18: Asset Overview
I Asset Overview Talwandi Sabo Thermal Jharsuguda Meenakshi Energy Sakti Thermal Power Plant Independent Limited Plant1 (1980 MW) Power Plant (600 MW) (1000 MW) (1200 MW) Design Fuel Type Domestic Domestic Imported Domestic 35%: 65%, Import : Domestic Coal Sourcing 100% Domestic Linkage 100% Domesti
Slide 19: Capacity Roadmap
I Capacity Roadmap Plan1 12780 MW 4780 MW 4180 MW 167% 14% 2580 MW 62% 330% 600 MW FY11 FY17 FY26 FY27 FY33 Odisha Punjab Andhra Pradesh Chhattisgarh Chhattisgarh Jharsuguda Talwandi Sabo Meenakshi Sakti Sakti 1980 MW 1000 MW 1200 MW 8000 MW 600 MW 2580 MW 4180 MW 4780 MW 12780 MW (incl. 1980 MW TST
Slide 20: Business Performance
ep >>> Business Performance
Slide 21: Business Overview - Key highlights (Sakti, MEL)
I Business Overview - Key highlights Gross sales (MU) PAF (%) SAKTI 50% Achieved sales volume of 305 MU in 2QFY27 769 644 644 Unit #1 synchronized on 25th Oct’26 464 11% 305 Unit #2 (Project) planned start up activities by Q4FY27 0% 2Q 1Q 2Q 1HFY26 1HFY27 FY26 FY27 FY27 2QFY26 1QFY27 2QFY27 Gross sa
Slide 22: Business Overview - Key highlights (Jharsuguda, Talwandi Sabo)
I Business Overview - Key highlights Gross sales (MU) PAF (%) Jharsuguda 93% 98% 1559 Recorded PAF of 98% in 2QFY27 983 Highest ever EBITDA ₹ 78 Cr in 2QFY27 873 48% 687 Favourable judgement from OERC for recovery of legacy ash 305 disposal cost. Recovered ₹58 Cr in 2QFY27 (EBITDA & FCF) 2Q 1Q 2Q 1H
Slide 23: Growth Projects
Growth c Projects
Slide 24: Our Growth Strategy
I Our Growth Strategy Short-Term (1-2 years) Medium Term (3-5 years) Long term (Vision) Sakti Thermal Power Expansion Nuclear & Plant Ramp-up & Captive Coal Distribution Operational Thermal Power Generation Nuclear Contribute to India's plan to scale nuclear capacity 600 MW Grow thermal power genera
Slide 25: Finance Update
emp >>> Finance Update vedanta power
Slide 26: Financial Snapshot | 2QFY27
I Financial Snapshot | 2QFY27 PAT before REVENUE EBITDA exceptional ₹ 2,908 crore ₹ 421 crore ₹ 101 crore 38% y-o-y 122% y-o-y Reported PAT ₹ 83 Cr Cash and cash FCF (Pre-capex) Net Debt/EBITDA equivalents ₹ 1,063 crore ₹ 418 crore 4.47x Strong Liquidity Position vs 9.82x in 2QFY26 21 Vedanta Power
Slide 27: Summary of Consolidated Income Statement
I Summary of Consolidated Income Statement (₹ Cr) Q2 Q1 Q2 Record quarter. Particular Variance Variance o Revenue is ₹2,908 Cr, up 38% YoY. FY27 FY27 FY26 o EBITDA is ₹421 Cr, up 45% QoQ and 122% YoY. Revenue 2,908 2,607 301 2,104 804 o PAT before exceptional items is ₹101 Cr, against a loss of ₹142
Slide 28: EBITDA Bridge (2QFY27 vs 2QFY26)
I EBITDA BRIDGE (2QFY27 vs 2QFY26) (In ₹ crore) + 122% YoY 52 421 186 190 50 132 -57 Q2'26 Sakti Like to Like EBITDA Volume NSR COP Q2'27 23 Vedanta Power Limited 2QFY27 Investor Presentation
Slide 29: EBITDA Bridge (2QFY27 vs 1QFY27)
I EBITDA BRIDGE (2QFY27 vs 1QFY27) (In ₹ crore) + 45% QoQ 117 421 -7 21 291 Q1 FY'27 Volume NSR COG Q2 FY'27 24 Vedanta Power Limited Note: The data presented in this slide covers the full quarter commencing 1 April 2026 and is not limited to the period following the 2QFY27 Investor Presentation dem
Slide 30: Net Debt Walk 2QFY27
I Net Debt Walk 2QFY27 (In ₹ crore) 30-Sep-26 30-Jun-26 Movement Company Cash & Cash Cash & Cash Cash & Cash Debt Net Debt Debt Net Debt Debt Net Debt Eq. Eq. Eq. Vedanta Power Limited Standalone 7,495 896 6,599 7,825 1,054 6,771 -330 -158 -172 Meenakshi Energy Ltd. 1,012 167 845 1,009 76 933 3 91 -
Slide 31: Appendix
Appendix vedanta power
Slide 32: Summary of Consolidated Income Statement (Half Year)
I Summary of Consolidated Income Statement (₹ Cr) Half Year Half Year ➢ Revenue: up 35% YoY, on sales of 10,817 MUs (+32% YoY). Particular Variance FY27 FY26 ➢ EBITDA: 17% up YoY ₹ 712 Cr, driven by MEL & JIPP. o MEL: 2,820 MU sold (+160% YoY), record highest half yearly Revenue 5,515 4,090 1,425 EB
Slide 33: Sales Summary
I Sales Summary (In ₹ crore) Sales volume Quarter Half Year Power Sales (MU) 2QFY27 1QFY27 2QFY26 1HFY27 1HFY26 Talwandi Sabo Thermal Plant 2,945 2,723 2,789 5,669 5,504 Sakti Thermal Power Plant 305 464 644 769 644 Meenakshi Energy Ltd 1,470 1,350 695 2,820 1,086 Jharsuguda Independent Power Plant
Slide 34: Earnings Call Details
I Earnings Call Details Event Telephone Number +91 22 6280 1114 Universal Dial-In +91 22 7115 8015 India National Toll Free 1 800 120 1221 Earnings conference call on Canada 01180014243444 October 29, 2026, from 5:30 PM to Hong Kong 800964448 6:00 PM (IST) Japan 00531161110 Netherlands 08000229808 I