Vedanta Oil & Gas Q1 Results: Co swings to black with Rs 945 crore profit, revenue up 9% YoY

Vedanta Oil & Gas, which was recently listed separately on the stock exchanges following the mega Vedanta demerger, on Wednesday reported a consolidated net profit of Rs 945 crore for the first quarter of FY27. This compares with a net loss of Rs 104 crore posted in the year-ago quarter (Q1 FY26) and a net loss of Rs 479 crore in the preceding quarter (Q4 FY26).

The Vedanta Group company’s net profit comes despite the firm reporting a net exceptional loss of Rs 441 crore during the quarter under review. Its revenue from operations, meanwhile, rose around 8.5% YoY to Rs 2,507 crore during Q1 FY27, from Rs 2,311 crore reported in the corresponding quarter of the previous financial year.

Vedanta Oil & Gas, however, reported a 3% YoY decline in its EBITDA to Rs 1,232 crore for the April-June quarter of the ongoing financial year. The company highlighted continued disruptions in global oil production and supply chains, with the swinging status of the opening of the Strait of Hormuz and the Red Sea conflict further disrupting it. It said that the offtake of Middle Eastern oil production has seen maximum disruptions, with global supply chains still adapting to a new normal.


The company’s average daily gross operated production fell 17% YoY to nearly 78 kboepd, while average daily working interest production contracted 16% YoY to 51 kpoepd during the first quarter. This came amid a 54% surge in Brent crude price to $104 per barrel during the quarter, on the back of a raging war in the Middle East.

What Vedanta Oil & Gas management said
Vedanta Oil & Gas said that its strong EBITDA and revenue growth, and healthy PAT, reflect its solid fundamentals and continued commitment to optimising operations and enhancing efficiency for long-term sustainable growth. “Q1 FY27 marked a defining milestone in our journey with the company’s listing on the BSE and NSE. The quarter's performance reflects the resilience of our business and our focus on operational excellence, exploration success with Deep Gas discovery, and disciplined capital allocation,” said the company’s interim CEO and whole-time director Jim Johnny Gast.

“As we advance a strong pipeline of near and medium-term growth opportunities, including exploration drilling, enhanced oil recovery (ASP), and infill development campaigns aimed at arresting decline and enhancing production and resources, we remain well positioned to drive sustainable growth and create long-term value for all stakeholders,” he added.

Vedanta Oil & Gas share price
Vedanta Oil and Gas shares listed on NSE at Rs 38 apiece on June 15, concluding the mega Vedanta demerger. The company’s market capitalisation at the time of debut stood at Rs 14,859.47 crore.

The company released its Q1 results in the post market hours of Wednesday. Earlier during the day, the stock gained 3% to close at Rs 35 apiece. The stock has gained over 6% in a week but has fallen over 2% in 2026 so far.

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