| Textual Information(1) |
1 The above consolidated results of Vedanta Power limited (the Company) and its subsidiary (the Group), for the quarter ended 30 June 2026 have been reviewed by the Audit and Risk Management Committee and approved by the Board of Directors in its meeting held on 29 July 2026. The statutory auditors have carried out a limited review on these results and issued an unmodified conclusion. 2 These results have been prepared in accordance with the Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standards) Rules, 2015. 3 The Group is engaged in only one Segment viz. 'Generation of Power' and hence, there is no separate reportable segment as per Ind AS-108 'Operating Segments'. 4 The Group’s operations involve the use of large-scale industrial equipment and processes, including boilers and related high-pressure systems, which are inherently subject to operational risks. An incident occurred on 14 April 2026 at the Unit 1 Boiler of the Group’s 1,200 MW Sakti Thermal Plant located at Singhitarai. The incident has not resulted in any material impact on the Group’s overall operations, financial position, or liquidity. The Group remains committed to strengthening its safety framework and maintaining robust operational standards across its facilities. 5 The Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench, vide its order dated 9 January 2026, approved the Scheme of Arrangement (“the Scheme”) for the demerger of the Merchant Power Undertaking of Vedanta Limited (Demerged undertaking) into the Company on a going concern basis. Additionally, as part of the overall reorganisation, Vedanta Limited has also transferred its shareholding in Meenakshi Energy Limited to the Company. The Scheme became effective on 1 May 2026 (effective date), which is also the Appointed Date of the Scheme. Consequent to the scheme becoming effective, the Merchant Power Undertaking of Vedanta Limited was transferred to and vested in the Company and has been accounted for in accordance with the accounting treatment prescribed under the Scheme and the applicable provisions of Ind AS. The assets, liabilities and share based payment reserve pertaining to the Demerged Undertaking have been recognised in the books of the Group at carrying value pursuant to the Scheme. Pursuant to the Scheme, the Company issued 1 equity share of face value Rs.10 each, fully paid-up, for every 1 equity share of face value Rs.1 each, fully paid-up, held by the shareholders of Vedanta Limited as on the Record Date of 1 May 2026 (Share Entitlement Ratio). Accordingly, the Board of Directors of the Company at its meeting held on 20 April 2026, approved the allotment of 3,91,03,88,057 (nos.) equity shares having face value of Rs. 10/ each were allotted by the Company to the shareholders of Vedanta Limited, as on the record date i.e., 1 May 2026, in accordance with the approved share entitlement ratio and the Company ceased to be a subsidiary of Vedanta Limited. Further, pursuant to the applicable regulatory approvals, the equity shares of the Company were listed and admitted to trading on BSE Limited and the National Stock Exchange of India Limited on 15 June 2026. 6 Earnings per share (Basic and Diluted) are calculated after considering the impact of issuance of equity shares pursuant to the Scheme from the beginning of the earliest period presented. 7 The figures for the comparative periods have been presented as if the Scheme (refer Note 5 above) had become effective from 1 April 2025, in accordance with the accounting treatment prescribed under the Scheme. Accordingly, the figures for the quarter ended 30 June 2025, 31 March 2026 and year ended 31 March 2026 have been restated in accordance to the Scheme. 8 In May 2026, the Hon’ble Supreme Court passed the order and imposed the penalty on account of alleged mis-declaration of declared capacity. The Group has filed a review petition against the said order and continues to evaluate and pursue such further legal remedies as may be available under applicable law. Meanwhile, the Group has booked an exceptional loss during the current quarter for the Rs. 127 crores and applicable late payment surcharge thereon. 9 EBITDA has been presented as a supplementary measure to enhance the understanding of the Group’s underlying operating performance. It is calculated from profit before exceptional items and tax, after excluding other non-operating income/expense and adding back finance costs / income, depreciation and amortisation. (Rs. in Crore) Particulars Quarter ended Year ended 30.06.2026 31.03.2026 30.06.2025 31.03.2026 EBITDA 291 594 417 1,558 10 Additional disclosures as per Regulation 52(4) of the Securities and Exchange Board of lndia (Listing Obligations and Disclosures Requirement) Regulations, 2015: S. No. Particulars Quarter ended Year ended 30.06.2026 (Unaudited) 31.03.2026 (Unaudited) 30.06.2025 (Unaudited) 31.03.2026 (Unaudited) a) Debt equity ratio (in times) 0.68 0.63 0.62 0.63 b) Debt service coverage ratio (in times) 0.80 1.90 1.49 1.08 c) Interest service coverage ratio (in times) 1.28 3.32 2.91 2.32 d) Current ratio (in times) 0.94 1.15 0.98 1.15 e) Long term debt to working capital ratio (in times)* (35.63) 20.83 (153.55) 20.83 f) Bad debts to account receivable ratio (in times) - - - - g) Current liability ratio (in times) 0.31 0.25 0.23 0.25 h) Total debts to total assets ratio (in times) 0.36 0.35 0.35 0.35 i) Debtors turnover ratio (in times) 1.18 1.40 0.58 3.13 j) Inventory turnover ratio (in times) 3.26 3.30 2.91 14.58 k) Operating profit margin (%) 2.53% 13.82% 12.49% 8.29% l) Net profit margin (%) 2.26% 6.45% 4.43% 0.61% m) Net worth (total equity) (Rs. in Crore) 13,077 13,378 13,056 13,378 * Net working capital is negative Note: Not annualised, except for the year ended 31 March 2026. 11 On 22 June 2026, the Group has listed Commercial Papers (CPs) on the Debt Segment of the National Stock Exchange of India Limited (NSE) comprising 6,000 CPs of face value Rs.5,00,000 each. The financial ratios as prescribed under regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, have been disclosed in the financial results above. The formulae used in the computation of the ratios are as under: a) Debt equity ratio Total debt/ Total equity b) Debt service coverage ratio Income available for debt service/ (interest expense + repayments made during the period for long term loans), where income available for debt service = Profit before exceptional items and tax + Depreciation, and amortization expense + Interest expense c) Interest service coverage ratio Income available for debt service/ interest expense d) Current ratio Current assets/ Current liabilities (excluding current maturities of long term borrowing) e) Long term debt to working capital ratio Non-current borrowing (including current maturities of long term borrowing)/ Working capital (WC), where WC = Current assets - Current liabilities (excluding current maturities of long term borrowing) f) Bad debts to account receivable ratio Bad debts written off/ Average trade receivables g) Current liability ratio Current liabilities (excluding current maturities of long term borrowing)/ Total Liabilities h) Total debts to total assets ratio Total debt/ Total assets i) Debtors turnover ratio Total revenue from operations/ Average trade receivables j) Inventory turnover ratio (Cost of goods sold)/ Average inventory k) Operating profit margin (%) (EBITDA - Depreciation and amortization expense)/ Total revenue from operations l) Net profit margin (%) Net profit after tax before exceptional items (net of tax)/ Total revenue from operations |