NSE: VOGL · BSE: 544782
VEDANTA OIL AND GAS LTD
Explores for and produces crude oil and natural gas from onshore and offshore blocks in India, with the bulk of volumes coming from the Rajasthan Barmer Basin. In Q1 FY27 the business generated ₹2,507 cr in revenue from continuing operations at a 49% EBITDA margin (₹1,232 cr), against gross operated production of 77.7 kboepd (Rajasthan 63.1, offshore 11.6, OALP 3.1) and a working-interest share of 51.1 kboepd. Realisation was $99.7/bbl, up 52% year-on-year on higher Brent, while unit opex stood at $17.4/bbl, with FY27 unit opex guided in line with FY26 levels. Production was down 17% YoY on natural reservoir decline across Rajasthan, offshore and OALP blocks, partly offset by well productivity interventions. During the quarter the company announced a gas discovery at the Kaam BCP-1ST well in the Rajasthan Barmer Basin. The entity was demerged from Vedanta Limited's Oil and Gas Undertaking effective May 1, 2026, listed on BSE and NSE on June 15, 2026, and holds an AA+ stable rating from both CRISIL and ICRA, with net debt near zero and liquid investments of ₹2,859 cr. AR · MarketPing reader · 2026-09-16
Revenue streams, as the annual report describes them. Crude oil and natural gas production, Discontinued operations (slump sale). Upstream oil and gas E&P, asset-heavy, commodity-price-sensitive
Exhibit 1: Financial summary, – (all audited; no estimate years)
| ₹ crore · consolidated |
|---|
| Revenue |
| EBITDA (ex other income) |
| margin % |
| Owners' profit |
| EPS, as reported (₹) |
| ROE % · ROCE % |
| Debt / equity (x) |
| Cash from operations |
| Capex |
Exhibit 2: Quarterly performance, last 1 quarters
| ₹ crore | Q1 FY27 |
|---|---|
| Revenue | 2,507 |
| Profit before tax | (327) |
| Net profit | 945 |
| EPS (₹) | 2.42 |
Exhibit 3: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · All 10 resolutions approved, covering employee share plans and related-party deals | board shareholder meetings | low | — | — |
| 27 Oct 2026 · All 10 postal ballot resolutions approved, including employee share plans | board shareholder meetings | low | — | — |
| 22 Oct 2026 · October 29 board meeting for Q2 and half-year results | compliance | minimal | — | — |
| 22 Oct 2026 · Board to consider Q2 and half-year results on October 29 | results | low | — | — |
| 22 Oct 2026 · Board meeting on Oct 29, 2026 to consider Q2 and H1 FY27 results | results | low | — | — |
| 13 Oct 2026 · VOGL clarifies ESOP 2026 scheme responding to IiAS proxy advisor recommendations | board shareholder meetings | medium | — | — |
| 7 Oct 2026 · Quarterly compliance certificate submitted under SEBI Regulation 74(5) | compliance | minimal | — | — |
| 3 Oct 2026 · Q2 FY27 production falls 7% QoQ to 72.2 kboepd, Cambay block lost to ONGC | business updates | medium | — | — |
| 28 Sept 2026 · Vedanta Oil and Gas trading window closed from Oct 1 for Q2 results | compliance | minimal | — | — |
| 27 Sept 2026 · Vedanta Oil and Gas publishes Postal Ballot notice in newspapers | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.