Vedanta Oil and Gas Q1FY27 Profit Jumps to ₹945 Crore
Vedanta Oil and Gas Limited reported a Q1 FY27 consolidated profit of ₹945 crore, a significant turnaround from a ₹103 crore loss last year. Revenue grew to ₹2,507 crore. The results follow the demerger of its oil and gas undertaking, effective May 1, 2026, and subsequent allotment of shares.
The strong financial performance and the successful completion of a major corporate restructuring (demerger) are significant events that will likely have a substantial impact on the company's valuation and future prospects.
The company reported a substantial increase in profit and revenue, marking a significant turnaround from the previous year. The successful completion of the demerger also positions the company for future growth.
Vedanta Oil and Gas Limited (VOGL), formerly Malco Energy Limited, has reported strong financial results for the first quarter ended June 30, 2026. The company announced a consolidated profit after tax of ₹945 crore, a significant turnaround from a loss of ₹103 crore in the same period last year. Revenue from continuing operations increased to ₹2,507 crore from ₹2,311 crore in Q1 FY26.
The company's net profit from continuing operations before exceptional items was ₹114 crore, compared to a loss of ₹6 crore in the prior year. However, after accounting for exceptional items and taxes, the net loss from continuing operations stood at ₹327 crore. The substantial profit of ₹945 crore for the quarter is largely driven by a profit of ₹1,097 crore from discontinued operations.
The financial results were approved by the Board of Directors on July 29, 2026, following a review by the Audit and Risk Management Committee. The statutory auditors have completed a limited review with an unmodified conclusion.
These results reflect the impact of the Scheme of Arrangement approved by the National Company Law Tribunal on December 16, 2025, which led to the demerger of Vedanta Limited's Oil and Gas Undertaking into VOGL. The Scheme became effective on May 1, 2026, making VOGL an independent entity and no longer a subsidiary of Vedanta Limited. Following this, VOGL allotted 391,03,88,057 equity shares of ₹1 each to eligible shareholders of Vedanta Limited.
The full financial results, including standalone and consolidated statements for the quarter ended June 30, 2026, are available on the websites of BSE, NSE, and VOGL's investor relations page.
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Vedanta Oil and Gas Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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