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Informist, Wednesday, Jul. 29, 2026

By Devanshu Singla

MUMBAI – Vedanta Power Ltd. reported a consolidated net loss of INR 4.23 billion for the June quarter, weighed down by an exceptional cost. The company had reported a net profit of INR 880 million in the year-ago quarter. The power producer had an exceptional cost of INR 4.87 billion in the quarter on account of a penalty and late payment charges for wrongful declaration of its capacity. The company reported a loss of INR 1.21 billion even before exceptional items and tax. 

The company's revenue from operations rose 31% on year to INR 26.07 billion for the June quarter from INR 19.86 billion. Power sales surged 38% on year to 5.22 billion units and drove up the top line. The company's total income rose 31% on year to INR 26.16 billion. Total expenses rose 45% on year to INR 27.37 billion. The company's power and fuel charges, which constitute 75% of its total expenses, rose 45% to INR 20.63 billion. Other expenses rose 71% to INR 2.31 billion and finance costs increased 30% to INR 1.96 billion.

The company's earnings before interest, tax, depreciation, and amortisation fell over 30% on year to INR 2.91 billion, driven largely by the accident at a boiler at the Sakti plant. Vedanta Power reported realisations of INR 5 per kilowatt-hour, down from INR 5.2 in the year-ago quarter. Its power cost increased to INR 4.4 per kilowatt-hour in the June quarter from INR 4.1 in the year-ago quarter. Subsidiary Meenakshi Energy Ltd. reported its highest-ever quarterly sales of 1.35 billion units, up over four times on year and up 16% on quarter.

The power company reported a net debt of INR 77.04 billion at the end of the June quarter, marginally up from INR 76.21 billion in the trailing quarter. "Strong revenue and power sales, backed by operational excellence, fuel security, improved credit ratings, and sustainability initiatives, demonstrate the resilience of our business and future readiness," Rajinder Singh Ahuja, chief executive officer, said.

Vedata Power released its June quarter earnings after market hours. Wednesday, its shares closed at INR 35.32 apiece on the National Stock Exchange, down nearly 1% from Tuesday.  End

Edited by Shubhayan Bhattacharya

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