Vedanta Power Limited

VEDPOWER Stock Summary · August 2026

Management framed the quarter as a strong post-demerger reset, with sharper strategic focus across the newly listed businesses and a reported group market-cap increase of more than INR 71,000 crores in Q1. On a like-for-like basis, revenue rose 51% year on year to INR 23,456 crores and EBITDA nearly doubled, while each major business emphasized operational discipline alongside growth execution. In oil and gas, safety remained the top priority even as gross operated production averaged 77.7 thousand barrels of oil equivalent per day and margins improved on lower unit costs. Power, meanwhile, benefited from stronger volumes and better asset performance, with capacity growth planned from 4.2 GW to 4.8 GW by year-end and more PPAs being secured. Metals and steel also reported stronger profitability, including record aluminum performance and a 54% rise in iron and steel EBITDA, though management acknowledged temporary margin pressure in some areas from freight and discounts. Looking ahead, management pointed to continued cost reduction, project ramp-ups and disciplined capital allocation, while maintaining that safety, reliability and execution remain central.