Vedanta Oil and Gas Reports Strong First Quarter Results; Revenue Grows 9% as Gross Production Stands at 77.7 kboepd

Vedanta Oil and Gas Reports Strong First Quarter Results; Revenue Grows 9% as Gross Production Stands at 77.7 kboepd​

Mumbai: Vedanta Oil and Gas Limited, a leading private oil and gas exploration and production company in India, announced its financial results for the first quarter ended June 30, 2026 (Q1 FY27). The company reported a robust performance across its operations, with revenue growing 9% year-over-year (YoY) to ₹ 2,507 crore.

The company recorded an EBITDA of ₹ 1,232 crore, marking a 16% quarter-on-quarter (Q-o-Q) increase, while Profit After Tax (PAT), including discontinued operations, stood at ₹ 945 crore. These results underscore the company's disciplined execution and solid financial foundation as it advances its growth strategy across various assets.

Q1 FY27 Financial Highlights​

The consolidated financial performance shows the resilience of Vedanta Oil and Gas amidst market fluctuations. The following table details the key financial metrics for the first quarter:

Operational and Production Metrics​

The company reported an average gross operated production of 77.7 kboepd, with the average working interest production standing at 51.1 kboepd. In total, the first quarter saw gross oil and gas production reach 7.1 million boe, against 4.7 million boe in working interest production.

The company currently holds interests in 44 blocks spanning over 47,000 sq km across India, with resources totaling 1.4 billion boe (bnboe). Its producing assets are strategically located across the Rajasthan, Andhra Pradesh, Gujarat, and Assam basins.

Key operational insights include:

• Rajasthan Block: The block recorded an average daily gross operated production of 63.1 kboepd.
• Block-wise Production: A closer look at core assets shows that the OALP segment contributed 3.1 kboepd, while the Rajasthan block contributed 63.1 kboepd towards its gross operated output.

Exploration Success and Management Viewpoint​

A significant milestone reported by the company is a gas discovery made in the Kaam BCP-1ST well. This discovery occurred during the Deep Gas exploration campaign within the Kameshwari-Graben area of the RJ-ON-90/1 block in the Barmer Basin in Rajasthan, and detailed technical and commercial evaluations are underway.

Speaking on the results, Jim Johnny Gast, Interim CEO and Whole Time Director, stated that Q1 FY27 was a defining milestone for the company's journey since listing. He highlighted that the performance reflects business resilience and operational excellence, driven by exploration success with the Deep Gas discovery and disciplined capital allocation.

Arpit Mundra, Chief Financial Officer (CFO), commented on the strong financial showing, noting that it was achieved through favourable commodity prices, healthy realizations, and strong operational discipline.

Cost Optimization and Future Outlook​

The company has demonstrated a step change in its cost profile, which is noted as a leading performance among tertiary recovery fields. This optimization involved focusing on injection patterns to optimize commodity consumption and maximizing well gains via targeted rigless interventions.

Vedanta Oil and Gas aims to continue expanding domestic production towards India's energy security and economic growth, leveraging its portfolio of conventional and unconventional resources and a strong pipeline of upcoming growth projects.

VOGL Stock Price Movement​

Vedanta Oil and Gas Limited shares gained today, closing at ₹35.07 after posting a robust 3.31% increase. The stock traded in the post-market session, with the day's high recorded at ₹35.48 against a low of ₹33.71.