Vedanta Demerged Units Report Mixed Q1 FY27 Results

Recently demerged entities of the Vedanta Group reported contrasting financial results for the first quarter of FY27 ending June 30, 2026. Vedanta Oil and Gas Limited returned to profitability with a consolidated net profit of Rs 945 crore, compared to a net loss of Rs 104 crore in the prior-year period. The company, which recently listed on the BSE and NSE, saw revenue rise 9% to Rs 2,507 crore and announced a new gas discovery at the Kaam BCP-1ST well in Rajasthan's Barmer Basin.

Vedanta Iron and Steel Limited (VISL) also swung to a consolidated net profit of approximately ₹121-122 crore, reversing a loss of ₹142-145 crore from the same quarter last year. Revenue for VISL grew 18.3% to ₹3,662 crore, supported by record quarterly pig iron production of 291 kilotonnes.

In contrast, Vedanta Power Limited reported a consolidated net loss of ₹423 crore for the quarter, primarily due to ₹487 crore in exceptional losses. This included a ₹127 crore penalty imposed by the Supreme Court of India in May 2026 for the alleged mis-declaration of capacity. Despite the net loss, the company saw its revenue increase by 31% to approximately Rs 2,600 crore, with power sales surging 38% to 5,224 million units. The company is currently working to commission the Unit 2 plant at its Sakti facility by the end of the financial year.