Vedanta Oil And Gas Posts ₹945 Crore Q1 Net Profit
· Free Press Journal
Mumbai: Vedanta Oil and Gas Limited (formerly Malco Energy Limited) announced a consolidated net profit of ₹945 crore for the first quarter of the financial year 2026-27, which ended on 30 June 2026. The company’s Board of Directors approved the unaudited consolidated and standalone financial results today, 29 July 2026.
Consolidated Financial Performance
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Consolidated revenue from operations for the quarter was ₹2,507 crore. Total income for the period stood at ₹2,658 crore. Total expenses for the quarter were reported as ₹2,544 crore.
Delhi HC Upholds Centre's Decision, Rejects Vedanta's PSC Extension Bid; ONGC To Take Over Gujarat Offshore Oil BlockStandalone Financials
On a standalone basis, the company posted a net profit of ₹695 crore for the quarter ended 30 June 2026. Standalone revenue from operations was ₹1,447 crore for the same period. Total income on a standalone basis reached ₹1,504 crore, with total expenses at ₹1,645 crore.
Exceptional Items and Impairment
The consolidated results included a net exceptional gain of ₹1,056 crore from discontinued operations. This gain arose from the slump sale of businesses following Business Transfer Agreements dated 30 April 2026. The company also recognised a provision for impairment of ₹379 crore due to uncertainty regarding the recoverability of assets related to the Cambay Block PSC litigation.
Crisil Upgrades Vedanta Companies To AA+ Rating With Stable OutlookDemerger and Share Allotment
The Scheme of Arrangement, which demerged the Oil & Gas Undertaking of Vedanta Limited into the Group, became effective on 1 May 2026. Pursuant to this scheme, 3,910,388,057 equity shares of ₹1 each were allotted to eligible shareholders of Vedanta Limited on 4 May 2026.
Auditor Review
The statutory auditors, Walker Chandiok & Co LLP, issued a limited review report with an unmodified opinion on both the consolidated and standalone financial results. The board meeting commenced at 3:00 p.m. IST and concluded at 3:38 p.m. IST.
Earnings Per Share
Consolidated basic earnings per share from continuing and discontinued operations was ₹2.42 for the quarter ended 30 June 2026. On a standalone basis, basic earnings per share from continuing and discontinued operations was ₹1.78 for the same period.
Disclaimer: This report is based on the company's filed financial results (standalone or consolidated, as applicable) and is intended solely for informational purposes. It does not constitute investment advice or a recommendation to buy, sell or hold any security.