Vedanta Aluminium to Vedanta Oil & Gas: Check how Vedanta demerged firms performed in Q1 earnings season

While all the firms recorded strong April to June quarter (Q1) financial performance with healthy profit growth, Vedanta Power incurred a net loss in the period under review due to the company’s rising cost of operations.

After Vedanta Ltd completed its demerger and listing in June 2026, the Q1 earnings for FY27 mark the first time each company has reported their individual financial performance, as investors now review the fine print to analyse the company’s growth potential ahead.

 

Here’s how Vedanta companies performed in Q1 results

Vedanta Limited

Vedanta Group’s flagship company, Vedanta Ltd, posted a strong June quarter earnings report with healthy performance across all business segments of demerged Vedanta.

The company management attributed the Q1 earnings growth to consistent operational execution across the portfolio, focus on volume growth, cost efficiency and value creation efforts.

The NSE filings showed that the diversified natural resources company’s 152% surge in consolidated net profits comes against the backdrop of an over 53% rise in revenue and improving profitability and margins for the period under review.

*Note: All data have been collected from Vedanta Limited’s consolidated financial statements.

 

Vedanta Aluminium

NSE filings data showed that Vedanta Aluminium posted a strong 216% YoY growth in its net profits due to the company’s surge in revenues, strong profitability and margin growth in the April to June quarter of the financial year 2026-27.

The Q1 earnings report also showed that the company’s net profit margin expanded to 31% in the first quarter, from 15% in the same period a year earlier.

After the quarterly meeting, the company’s board also announced a ₹8 per share interim dividend issue for all eligible shareholders up to one day ahead of the official record date of the corporate action.

Vedanta Aluminium fixed the official record date of Wednesday, August 5, 2026, to determine the eligibility of shareholders for the dividend payment.

*Note: All data have been collected from Vedanta Aluminium’s consolidated financial statements.

Analysts from CLSA said that the company’s key projects like capacity expansion guidance and coal and bauxite mine commissioning largely remained on track, which is expected to save the company $175-200 per tonne.

 

Vedanta Power

Vedanta Power recorded a net loss of ₹423 crore in the June quarter as the company’s profitability and margins came under pressure due to a surge in input costs in the period, as per the exchange filings.

Both the operational-level earnings before interest, tax, depreciation and amortisation (EBITDA) witnessed contraction due to added pressure from the 45% surge in power and fuel costs in the period under review.

*Note: All data have been collected from Vedanta Power’s consolidated financial statements.

Vedanta Oil & Gas

In the case of Vedanta Oil & Gas, the company recorded a ₹945 crore net profit largely due to the support from the favourable commodity prices in the market and healthy realisations, despite a margin contraction.

On a quarter-on-quarter (QoQ) basis, the company’s revenues declined 3%, but the major support was from the higher crude oil prices in the global market, which rallied in the period under review due to the escalations and conflict between the United States and Iran in West Asia.

The company management forecasts that with the help of Vedanta Oil & Gas’ strong order pipeline and medium-term growth opportunities in exploration drilling, enhanced oil recovery (ASP), and infill development campaigns, the firm aims to enhance production and resources.

Although the company turned in profits, concerns still remain over the company’s margins and revenue growth snapshot after the Q1 earnings season.

*Note: All data have been collected from Vedanta Oil & Gas’ consolidated financial statements.

Vedanta Iron and Steel

Q1 results of Vedanta Iron and Steel showed that the company recorded a ₹121 crore net profit in the period under review, against a net loss of ₹145 crore in the same period a year earlier.

The company’s profits were driven by the overall healthy 19% revenue growth in the period along with an improvement in profitability and company margins.

The filings also showed that Vedanta Iron and Steel’s operational-level EBITDA surged 73% to ₹458 crore in the June quarter, from ₹265 crore a year earlier, while the EBITDA margins expanded 394 basis points to 12.67%, from 8.73% a year ago.

The company management attributed higher iron ore production along with improved operational efficiencies across the company’s steel businesses as key factors which resulted in strong margin improvement.

*Note: All data have been collected from Vedanta Iron and Steel’s consolidated financial statements.

Vedanta demerger details

The flagship company Vedanta Limited was demerged into four entities, namely, Vedanta Aluminium Metal, Vedanta Power, Vedanta Oil & Gas and Vedanta Iron and Steel, after which all the companies were listed on the stock exchanges.

This corporate action was aimed towards simplify Vedanta Group’s corporate structure while enabling the individual companies to focus on strategic agendas more freely and better align with customers, investment cycles and end markets.

All four newly demerged companies were listed on the stock exchanges on June 15, 2026.