The trading gains were led by substantial recoveries in bottom-line figures, with both companies swinging firmly back into profitability during the second quarter. Vedanta Power achieved a net profit of Rs 83 crore on a 38% revenue increase, while Vedanta Oil and Gas posted a consolidated net profit of Rs 746 crore. Despite Friday's double-digit price increases, persistent selling pressure since July has kept both counters well below their respective June listing levels.
Key points
Second-quarter financial turnarounds helped both companies successfully reverse severe ne…: Second-quarter financial turnarounds helped both companies successfully reverse severe net losses incurred during the same period last year.
Vedanta Power remains down by more than 24% compared to its original June debut price of…: Vedanta Power remains down by more than 24% compared to its original June debut price of Rs 41.80.
Despite regaining the Rs 30 threshold on Friday, Vedanta Oil and Gas trades well below it…: Despite regaining the Rs 30 threshold on Friday, Vedanta Oil and Gas trades well below its initial listing mark of Rs 38.
Sources checked by our analysis pipeline: 1
Vedanta Power shares rallied more than 10% to trade at Rs 31.8 apiece on NSE on Friday morning, while Vedanta Oil and Gas shares jumped 13.5% to trade at Rs 31.62 apiece. The two companies, along with Vedanta Aluminium Metal and Vedanta Iron and Steel, were spun off from the parent Vedanta and listed on stock exchanges separately in June this year.
Vedanta Power Q2 earnings
Vedanta Power reported a net profit of Rs 83 crore for the second quarter of FY27, marking a sharp turnaround from the net loss of Rs 1,688 crore reported in the same period last year and Rs 423 crore in the first quarter of FY27.The company’s revenue from operations meanwhile increased 38% year-on-year (YoY) to Rs 2,908 crore during the quarter under review, up from Rs 2,104 crore in the corresponding quarter of the previous financial year. It reported its highest-ever quarterly performance, with earnings before interest, taxes, depreciation and amortisation (EBITDA) soaring 122% YoY to Rs 421 crore. Profit after tax before exceptional items jumped 171% to Rs 101 crore.
Investor sentiment turned sharply negative as mounting profitability pressures overshadowed the renewable energy firm's operational momentum. The market selloff was triggered by deteriorating profit margins and lower full-year operational guidance. These margin constraints have prompted several brokerage houses to swiftly downgrade their price targets despite robust delivery volumes.
Strong quarterly earnings provided a sharp boost to the glassware manufacturer's stock, driving intraday gains up to ₹279.80 on the National Stock Exchange. The sudden rally marks a critical turnaround attempt following persistent multi-year declines for investors. Robust margin expansion and substantial sequential profit growth served as the primary catalysts behind the market's enthusiastic reaction.
European policymakers held borrowing costs steady on Thursday while preparing for a potential move next month to counter elevated energy prices. Internal projections indicate that higher bond yields will naturally constrain euro zone economic growth and inflation over the coming years. Consequently, central bankers expect this tightening of financial conditions to curb price pressures enough to halt further tightening next year.