Vedanta Oil and Gas LimitedQ2 FY27 Results & Financial Update
Vedanta Oil and Gas Limited: Q2 FY27 consolidated results and company financials – revenue ₹2,488.00 Cr, PAT ₹746.00 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Vedanta Oil and Gas Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Vedanta Oil and Gas Limited recorded consolidated revenue from operations of INR 2,488 crore for the quarter ended September 30, 2026.
Total consolidated income for Q2 FY27 stood at INR 2,628 crore, bolstered by supplementary financial streams including interest and other operating inflows.
Profit before tax (PBT) for the quarter was reported at INR 775 crore, reflecting profitability after factoring in all operational expenditures, finance charges, and asset write-downs.
The company registered a consolidated profit after tax (PAT) of INR 746 crore, translating to a healthy net profit margin of approximately 29.98% for the period.
Basic earnings per share (EPS) for the quarter settled at INR 1.91 on an unadjusted standalone and consolidated share basis.
Depreciation and amortisation charges formed a major cost component at INR 647 crore, reflecting the capital-intensive nature of the company's extraction infrastructure.
Finance costs were contained at INR 69 crore, while tax expenses for the quarter stood at a relatively modest INR 29 crore.
01 · Business model
What does Vedanta Oil and Gas do?
Vedanta Oil and Gas Limited operates within the energy and natural resources sector, focusing on upstream exploration, development, and production of oil and gas assets.
The company's primary revenue generation stems from the extraction and commercial sale of crude oil and natural gas, supported by diverse ancillary and investment streams.
The operating model centers on managing heavy capital-intensive extraction assets, where top-line performance correlates directly with commodity realisations, production volumes, and structural asset efficiency.
Financial performance reflects the interplay between core hydrocarbon sales, interest earnings from cash reserves, and heavy asset depreciation overheads typical of the upstream extraction industry.
02 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q2 FY27 |
|---|---|
| Revenue from operations | ₹2,488.00 Cr |
| Total income | ₹2,628.00 Cr |
| Profit before tax | ₹775.00 Cr |
| Profit after tax | ₹746.00 Cr |
| EPS | ₹1.91 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 30.0% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 31.1% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹140.00 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue from operations reached INR 2,488 crore for the quarter, driven primarily by the extraction and supply of oil and gas commodities.
Total income reached INR 2,628 crore, augmented by interest income of INR 282 crore and other income of INR 140 crore.
What drove margins
Depreciation and amortisation expenses stood at INR 647 crore, representing a substantial overhead against operating revenues.
Financing charges were kept to INR 69 crore for the quarter, supporting bottom-line retention.
Tax expenses for Q2 FY27 were reported at INR 29 crore, supporting a net profit margin of 29.98%.
04 · Reported developments
What changed operationally
The company achieved a strong net profit of INR 746 crore on total income of INR 2,628 crore, reflecting a PAT margin of nearly 30%.
05 · Items worth noticing
The line items that can distort a quick read
The financial results include provisions of INR 4 crore for the quarter.
06 · Beyond the numbers
What changed beyond the numbers
Reported update
Provisions
The company booked provisions amounting to INR 4 crore during the quarter.
07 · Key Q&A
The quarter, answered directly
What does Vedanta Oil and Gas do?
Vedanta Oil and Gas Limited operates within the energy and natural resources sector, focusing on upstream exploration, development, and production of oil and gas assets.
What is the clearest takeaway from Q2 FY27?
Vedanta Oil and Gas Limited recorded consolidated revenue from operations of INR 2,488 crore for the quarter ended September 30, 2026.
What drove revenue or demand?
Revenue from operations reached INR 2,488 crore for the quarter, driven primarily by the extraction and supply of oil and gas commodities.
What mattered most for margins or profitability?
Depreciation and amortisation expenses stood at INR 647 crore, representing a substantial overhead against operating revenues.
What changed operationally beyond the headline numbers?
The company booked provisions amounting to INR 4 crore during the quarter.
What should the next disclosure help confirm?
Monitor upcoming quarterly disclosures to track sequential revenue and PAT trends once comparable metrics become available.
08 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
Build your own next-quarter scenario
Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.
Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%
The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
09 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Subsequent Quarter Filings: Monitor upcoming quarterly disclosures to track sequential revenue and PAT trends once comparable metrics become available.
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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.