Vedanta Oil and Gas shares jump 14% in 2 days, m-cap swells by Rs 1,600 crore after Q2 results
Vedanta Oil and Gas shares jumped 6% on Monday after rallying 8.5% in the previous session, adding nearly Rs 1,600 crore to its market capitalisation. The gains followed a strong Q2 performance, with the company reporting a net profit of Rs 746 crore against a loss of Rs 91 crore a year ago, despite a sequential decline.
Vedanta Oil and Gas stocks surged by 14% over two days, boosting the company's market capitalization by Rs 1,600 crore following its Q2 results. The sharp increase followed the firm's strong financial performance, with a consolidated net profit of Rs 746 crore for the second quarter of FY27, a significant improvement from the Rs 91 crore net loss reported a year earlier.
The company's Q2 revenue from operations grew over 6% year-over-year to Rs 2,488 crore, while EBITDA climbed 34% YoY to Rs 1,393 crore, driven by higher price realizations and cost optimization efforts. Vedanta Oil and Gas, a recently spun-off company including Vedanta Aluminium Metal, Vedanta Iron and Steel, and Vedanta Power, saw its shares rise to Rs 31.90 apiece on Monday, up from Rs 26.41 last week.
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