Q2 results impact: 2 Vedanta stocks rally up to 14% after Sept quarter earnings. How have they performed since demerger?
Shares of Vedanta Power and Vedanta Oil and Gas rallied up to 14% after both demerged companies reported a sharp year-on-year improvement in Q2 FY27 earnings. Vedanta Power returned to profit, while Vedanta Oil and Gas reported higher revenue and EBITDA.
Shares of Vedanta Power and Vedanta Oil and Gas stocks surged more than 10% and 13.5% respectively on Friday, following impressive earnings performance for the July-September quarter. The demerged companies, along with Vedanta Aluminium Metal and Vedanta Iron and Steel, spun off from the parent Vedanta and listed separately in June.
Vedanta Power reported a net profit of Rs 83 crore in Q2, up from a Rs 1,688 crore loss in the same period last year and a Rs 423 crore loss in Q1 of FY27. Revenue from operations increased 38% YoY to Rs 2,908 crore, marking its highest-ever quarterly performance with EBITDA soaring 122% YoY to Rs 421 crore.
Vedanta Oil and Gas, on the other hand, reported a consolidated net profit of Rs 746 crore in Q2, a stark shift from a Rs 91 crore loss in the year-ago period. Its revenue from operations increased by 6% YoY to Rs 2,488 crore, while EBITDA jumped 34% YoY to Rs 1,393 crore. The company attributes this growth to higher price realisations and ongoing cost optimisation efforts.
Following the Q2 results, both Vedanta Power and Vedanta Oil and Gas stocks have been recovering. Vedanta Power shares, listing at Rs 41.80 apiece, have recovered from a record low of Rs 27.50 apiece, currently trading at Rs 31.8 apiece. Meanwhile, Vedanta Oil and Gas shares, listed at Rs 38 apiece, have climbed to the Rs 30 mark for the first time in nearly two weeks since listing, after hitting a record low of Rs 26.41 apiece last week.
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