
Shares of Vedanta Oil & Gas slid 1.03% to ₹27.79 on October 29, after the company disclosed a 21% YoY drop in net profit to ₹746 crore.
Revenue fell 0.8% sequentially to ₹2,488 crore from ₹2,507 crore, while EBITDA rose 66% sequentially to ₹1,351 crore from ₹814 crore.
EBITDA margin expanded to 54.3% from 32.5%, and year‑on‑year EBITDA grew 34% to ₹1,393 crore, boosting the company’s operating leverage.
Average daily gross operated production hit 72.2 kboepd, and total gross oil and gas output reached 6.6 million boe, underscoring the firm’s optimisation push across mature assets.
The firm announced three new discoveries in Rajasthan and plans to accelerate deep‑water exploration along the East Coast, signalling a shift toward growth in high‑potential regions.
Management reiterated focus on unlocking growth through Rajasthan, Northeast, and offshore blocks, with no immediate guidance for Q3 but a continued emphasis on disciplined capital allocation.