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.MORE TO COME...
Vedanta Oil & Gas Q1 Results: Co swings to black with Rs 945 crore profit, revenue up 9% YoY
Vedanta Oil & Gas posted a Rs 945 crore net profit for Q1 FY27. This marks a significant turnaround from the previous year's net loss. The company's revenue from operations also saw an increase of 8.5 percent. This profit was achieved despite reporting an exceptional net loss. The firm's financial performance shows positive momentum in the recent quarter.
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