Vedanta Oil & Gas on Thursday reported a consolidated net profit of ₹746 crore in Q2 FY27 against a net loss of ₹92 crore a year-ago aided by focused production optimization measures.
On a sequential basis, the private sector oil and gas producer had reported a net profit of ₹945 crore.
Vedanta’s consolidated total income stood at ₹2,628 crore in Q2 FY27 compared to ₹2,658 crore in Q1 FY27 and ₹2,431 crore in Q2 FY26.
Jim Johnny Gast, Interim CEO of Vedanta Oil & Gas, said “Focused production optimisation initiatives are driving decline arrest across our mature assets, while new discoveries reinforce the untapped potential of our acreage.”
Total expenses stood at ₹1,853 crore in Q2 FY27 against ₹2,544 crore in Q1 FY27 and ₹2,431 crore in Q2 FY26.
Arpit Mundra, Chief Financial Officer of Vedanta Oil & Gas, said “Supported by higher price realisation and operational discipline, we delivered healthy cash generation while investing in strategic growth opportunities across our portfolio.”
Focused production optimisation initiatives, including well interventions and continuous artificial lift optimisation programmes maximised recovery from mature assets in Rajasthan and Ravva.
The company reported average daily gross operated production of 72.2 kboepd (thousand barrels of oil equivalent per day) in Q2 FY27, with average daily working interest production of 47.8 kboepd. The total gross oil and gas production was 6.6 million boe (barrels of oil equivalent) while the total working interest production was 4.4 million boe for the quarter.
Recently, Vedanta was awarded two offshore blocks in the Krishna Godavari Basin under the Discovered Small Field (DSF) bid round IV.
Published on October 29, 2026
