VEDANTA OIL AND GAS (VOGL) Q4 25/26 earnings summary

Executive summary

• All business undertakings were classified as discontinued operations as of March 31, 2026, due to a group-wide restructuring and demerger scheme approved by the NCLT, with the Oil & Gas business to be vested into the company post-year-end.

• The company reported a net loss of Rs. 190.51 crores for FY 2025-26, with all results from discontinued operations.

• The restructuring involves divestment of Nickel, GNRE Coke, Power undertakings, and investment in Fujairah Gold FZC, with assets and liabilities presented as held for sale.

Financial highlights

• Revenue from discontinued operations was Rs. 353.83 crores, down from Rs. 876.60 crores year-over-year.

• Total expenditure for the year was Rs. 570.28 crores, compared to Rs. 1,079.42 crores in the prior year.

• Net loss after tax stood at Rs. 190.51 crores, compared to a loss of Rs. 188.09 crores in the previous year.

• Cash flows from operating activities were negative at Rs. 167.65 crores.

• The company has a net current liability position of Rs. 878.85 crores as of March 31, 2026.

Outlook and guidance

• The company expects to complete the transfer of discontinued businesses and vesting of Oil & Gas assets by May 1, 2026, pending regulatory approvals.

• Plans are in place to expand nickel sulphate production capacity from 6 KTPA to 10 KTPA, aligning with rising demand from the EV sector.

• The global metallurgical coal and nickel markets are projected to grow, with India and China as key demand drivers.