The company returned to profitability by posting a consolidated net profit of Rs 746 crore for the second quarter, compared to a net loss of Rs 91 crore a year earlier. Revenue from operations expanded by over 6% year-on-year to reach Rs 2,488 crore, aided by stronger price realisations. Additionally, operating performance strengthened as EBITDA jumped 34% to Rs 1,393 crore during the quarter. This financial rebound helped the stock recover after it previously hit a record low of Rs 26.41.
Key points
The recent two-day share rally added nearly Rs 1,580 crore to the company's total market…: The recent two-day share rally added nearly Rs 1,580 crore to the company's total market capitalisation, taking it past Rs 12,474 crore.
The rebound offered relief to investors after the stock had plummeted from an early July…: The rebound offered relief to investors after the stock had plummeted from an early July peak of Rs 47.60 to a record low of Rs 26.41.
Vedanta Oil and Gas was spun off from parent firm Vedanta and listed independently in Jun…: Vedanta Oil and Gas was spun off from parent firm Vedanta and listed independently in June alongside three other sister entities.
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Vedanta Oil and Gas shares rose to Rs 31.90 apiece on Monday. The sharp two-day rally came after the company reported a consolidated net profit of Rs 746 crore for the second quarter of FY27 on Thursday, marking a sharp improvement from the Rs 91 crore net loss reported in the year-ago period. However, profit declined from Rs 945 crore in the first quarter of FY27.
The company's revenue from operations increased a little over 6% YoY to Rs 2,488 crore during the quarter under review, from Rs 2,342 crore in the year-ago period. EBITDA, meanwhile, jumped 34% YoY to Rs 1,393 crore, which the company said reflected higher price realisations and a continued focus on cost optimisation.
Also read | Q2 results impact: 2 Vedanta stocks rally up to 14% after Sept quarter earnings. How have they performed since demerger?
Vedanta Oil and Gas share price
Vedanta Oil and Gas, along with Vedanta Aluminium Metal, Vedanta Iron and Steel, and Vedanta Power, was spun off from parent company Vedanta and listed separately on stock exchanges in June this year.…
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