Vedanta Oil and Gas shares jump 6% as quarterly profit rebounds
Vedanta Oil and Gas shares increased by 6% on Monday, trading at Rs 31.90. The company reported a consolidated net profit of Rs 746 crore for the second quarter of FY27, reversing a loss of Rs 91 crore a year earlier. Revenue from operations grew just over 6% year‑on‑year to Rs 2,488 crore, while EBITDA rose 34% to Rs 1,393 crore. The share rally added roughly Rs 1,600 crore to the firm’s market capitalisation.
Key facts
- Shares traded at Rs 31.90 each on Monday.
- Vedanta listed on the NSE on 15 June at Rs 38 per share, with an initial market cap of about Rs 14,860 crore.
- EBITDA rose to Rs 1,393 crore, reflecting higher price realisations and cost optimisation.
- Revenue reached Rs 2,488 crore, a 6% year‑on‑year increase.
- Net profit of Rs 746 crore marks a turnaround from a Rs 91 crore loss a year earlier.
Summarised with AI from 1 sourceRead our AI policy
Why it matters
The turnaround signals stronger earnings and investor confidence in Vedanta’s oil and gas unit.
What changed
First published from The Economic Times