VEDANTA OIL AND GAS (VOGL) investor relations material

Executive summary

• Q1 FY 2027 marked the first reporting period post-demerger, with all five Vedanta entities delivering strong operational and financial results.

• Unaudited consolidated results for the quarter ended 30 June 2026 were reviewed and approved, with an unmodified auditor conclusion on compliance and disclosure.

• Revenue for Q1 FY27 was ₹2,507 crore, up 9% year-over-year but down 3% sequentially due to lower production volumes.

• EBITDA for Q1 FY27 stood at ₹1,232 crore, a 16% increase quarter-over-quarter but 3% lower year-over-year.

• PAT before exceptional items was ₹194 crore; after exceptional items and discontinued operations, PAT was negative at ₹152 crore.

Financial highlights

• Revenue from operations for the quarter was ₹2,507 crore, up from ₹2,303 crore year-over-year but down from ₹2,584 crore sequentially.

• EBITDA margin improved to 49%, up 20% quarter-over-quarter.

• Net debt is near zero, with liquid investments and cash equivalents at ₹2,859 crore.

• Discontinued operations posted a profit after tax of ₹1,097 crore, driven by a ₹1,056 crore exceptional gain on business transfers.

• Total comprehensive income for the quarter was ₹1,022 crore.

Outlook and guidance

• Ongoing global conflicts and supply chain disruptions continue to impact oil and gas prices and market volatility.

• Management highlighted ongoing legal and regulatory uncertainties, particularly regarding the Cambay Block PSC extension.

• Aluminium cost guidance maintained at $1,650–$1,700/tonne for FY 2027; Q2 cost expected marginally higher due to planned shutdowns.

• Vedanta Power targets 4.8 GW capacity by year-end and plans to add 7.2 GW from FY 2030.

• Zinc International aims to ramp up to 450 ktpa in the next year, targeting cost reduction to $1,200/tonne.