Q1 FY27 earnings:Vedanta Oil & Gas posted a consolidated net profit of ₹945 crore for the quarter ended June 30, 2026 (Q1 FY27), on Wednesday, July 29, as compared to a net loss of ₹476 crore registered in the previous quarter of fiscal year 2025-26 (FY26).
The recently demerged Vedanta arm reported total revenue from operations of ₹2,507 crore for the quarter under review, compared with ₹2,588 crore in the previous quarter, reflecting a decrease of 3% quarter-on-quarter (QoQ).
At an operational level, its earnings before interest, taxes, depreciation, and amortisation (EBITDA) stood at ₹814 crore, registering a decline of 7.7% QoQ from ₹82 crore. The EBITDA margin also contracted to 32.47% in Q1 FY27 in contrast to 34.08% recorded in Q4 FY26.
Commenting on the earnings, Vedanta Oil and Gas Chief Financial Officer Arpit Mundra said, “We delivered a strong Q1 FY27 performance, driven by favourable commodity prices, healthy realizations, and strong operational discipline. Our focus on cost efficiency and value maximization enabled us to translate a supportive pricing environment into strong financials while continuing to invest in future growth.”
The company reported an average gross operated production of 77.7 kboepd across its assets, while the average working interest production stood at 51.1 kboepd. At the end of the first quarter, total gross oil and gas production reached 7.1 million boe, while total working interest production stood at 4.7 million boe.
Vedanta Oil & Gas also notified a gas discovery in the Kaam BCP-1ST well, drilled as part of the Deep Gas exploration campaign in the Kameshwari-Graben area of the RJ-ON-90/1 block in the Barmer Basin in Rajasthan. It will be undertaking detailed technical and commercial evaluations of the discovery.
The Rajasthan block, the most prolific production asset operated by the company, recorded an average daily gross operated production of 63.1 kboepd in Q1 FY27. Its average daily working interest production from KG-ONN 2003/1 stood at 0.5 kboepd, and assets acquired under the Open Acreage Licensing Programme (OALP) contributed 3.1 kboepd, the company said.
“Q1FY27 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 Jim Johnny Gast, Interim CEO and Whole Time Director-Vedanta Oil and Gas.
Gast further added that as the company advances 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-it remains well positioned to drive sustainable growth and create long-term value for all stakeholders.
The company holds interests in 44 blocks spanning over 47,000 sq km across India, with resources of 1.4 bnboe. Its producing assets are located across the Rajasthan, Andhra Pradesh, Gujarat, and Assam basins, supported by technology-led exploration, advanced subsurface expertise, and world-class engineering capabilities.
Vedanta Group’s four demerged entities, Vedanta Aluminium Metal, Vedanta Power, Vedanta Oil and Gas and Vedanta Iron and Steel, made their stock market debut on Jun 15, 2026.
On Wednesday, Vedanta Oil and Gas shares closed at ₹35.07 apiece on the National Stock Exchange, gaining 2.6%. The earnings, however, came after the market hours.
As of July 29, 2026, the company has a market capitalisation of ₹13,807.58 crore, NSE data showed.