Vedanta Power (VEDPOWER) Q4 23/24 earnings summary

Executive summary

• FY24 EBITDA was ₹1,089 Cr; reported net profit was ₹602.15 Cr after a ₹794.26 Cr exceptional gain, versus a ₹70.28 Cr net loss in FY23.

• Plant availability reached 82%, restoring full capacity charges; ash utilization was 100%, with record-low specific oil and water consumption.

Financial highlights

• Total revenue fell to ₹5,319.88 Cr from ₹5,806.61 Cr in FY23; total expenses declined to ₹5,358.35 Cr from ₹5,899.76 Cr.

• Reported PBT was ₹755.79 Cr, including an exceptional gain of ₹794.26 Cr; excluding the gain, loss before tax was ₹38.47 Cr.

• Net profit was ₹602.15 Cr versus a ₹70.28 Cr loss; EPS was ₹1.88 versus negative ₹0.22. Total comprehensive income was ₹602.42 Cr.

• Finance costs declined to ₹667.70 Cr from ₹711.94 Cr; depreciation and amortization was ₹456.46 Cr versus ₹460.32 Cr.

• Operating cash flow was ₹1,120.87 Cr; cash and cash equivalents ended FY24 at ₹168.01 Cr, up from ₹39.90 Cr.

Outlook and guidance

• FY25 priorities include sustaining operational excellence, safety, community development and environmental performance, alongside governance and process digitalization.

• Planned expansion includes the Meenakshi 1,000 MW and Athena 1,200 MW thermal projects; the existing plant has 1,980 MW capacity.