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Informist, Wednesday, Jul. 29, 2026

 

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--Vedanta Oil & Gas Apr-Jun consol net profit INR 9.45 bln
--Vedanta Oil & Gas Apr-Jun consol revenue INR 25.07 bln
--Vedanta Oil & Gas Q1 consol PAT INR 9.45 bln vs loss INR 1.03 bln yr ago
--Vedanta Oil & Gas Q1 consol sales INR 25.07 bln vs INR 23.11 bln yr ago
--Vedanta Oil & Gas Apr-Jun net profit includes one-time cost INR 4.41 bln
--Vedanta Oil & Gas Apr-Jun profit excluding exceptional cost INR 13.86 bln
--Vedanta Oil Q1 continuing ops net loss INR 1.5 bln vs loss INR 150 mln

 

By Pratyush Kumar

 

MUMBAI – Vedanta Oil and Gas Ltd. reported a consolidated net profit for the June quarter mainly led by exceptional items. Had it not made an exceptional gain from discontinued operations and deferred tax benefits, the company would have reported a lower profit for the quarter.

 

The company reported a net profit of INR 9.45 billion for the June quarter, a turnaround from a loss of INR 1.03 billion in the year-ago quarter. The company's revenue from operations was INR 25.07 billion for the quarter, up nearly 9% on year but down 3% sequentially. 

 

The company reported one-time costs of INR 4.41 billion, which includes the cost of implementing the new labour codes, impairment cost, and the cost of the demerger. This fell to INR 3.45 billion after adding the deferred tax benefit of INR 950 million. The company reported a gain of INR 10.56 billion on the slump sale of its businesses to group entities as part of the demerger. Net of the one-time expenses, the company made a one-time gain of INR 7.11 billion. This resulted in a net profit of INR 9.45 billion for the quarter.

 

Excluding the one-time expenses but including the one-time gain, the company's net profit for the quarter amounts to INR 13.86 billion. However, excluding the one-time gain from the sale of its businesses to group entities as part of the demerger, excluding all one-time expenses, and also excluding the deferred tax benefit on one-time expenses, the company's net profit from continuing operations amounts to INR 1.94 billion. 

 

The company's changes in inventories of finished goods, work-in-progress, and stock-in-trade was negative INR 1.84 billion for the quarter. Other expenses, the highest expense for the company, was INR 18.76 billion, and accounted for over 73% of total expenses. The oil and gas exploration company reported an earnings before interest, tax, depreciation, and amortisation of INR 12.32 billion, down 3% on year but up 16% sequentially. 

 

The company reported an average gross operated production of 77,700 barrels of oil equivalent per day for the June quarter, while the average working interest production was 51,100 barrels of oil equivalent per day. The gross operated production refers to the total output of the oil and gas wells operated by the company while the average working interest production refers to the company's share of the total output. Vedanta Oil had notified gas discovery in the Barmer basin of Rajasthan but it had not detailed a commercial evaluation of the discovery. 

 

"Q1FY27 (Apr-Jun) marked a defining milestone in our journey with the company's listing on the BSE and NSE," Jim Johnny Gast, interim chief executive officer of the company said. "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."

 

The company's total gross oil and gas production was 7.1 million barrels of oil equivalent for the June quarter, while total working interest production stood at 4.7 million barrels of oil equivalent. Wednesday, shares of Vedanta Oil and Gas closed 2.6% higher at INR 35.07 apiece on the National Stock Exchange before the company detailed its earnings.

End

 

Edited by Pankaj Aher

 

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