News ArticleVedanta Oil and Gas Achieves 34% EBITDA Increase in Q2FY27 Amid New Rajasthan Oil Discoveries
Company posts ₹1,393 crore EBITDA and ₹2,486 crore revenue for the quarter, advancing exploration and production projects
Vedanta Oil and Gas Limited announced a 34% year-on-year growth in EBITDA to ₹1,393 crore for Q2FY27, driven by higher price realizations and cost optimization, alongside a 7% revenue increase to ₹2,486 crore. The company reported steady production with 72.2 kboepd gross operated output and highlighted three new discoveries in Rajasthan, supporting future growth.
Vedanta Oil and Gas Limited
Investor Presentation
Vedanta Oil and Gas Limited reported a 34% year-on-year EBITDA growth to ₹1,393 crore and a 7% revenue increase to ₹2,486 crore for the quarter ended September 30, 2026, supported by higher price realizations and production optimization. The company also notified three new discoveries in Rajasthan enhancing its resource potential.
The company achieved average daily gross operated production of 72.2 thousand barrels of oil equivalent per day (kboepd) and a working interest production of 47.8 kboepd during Q2FY27, with total gross production reaching 6.6 million boe for the quarter.
Production optimization initiatives such as well interventions and continuous artificial lift optimization helped arrest decline in mature assets including the Ravva and Rajasthan fields.
Exploration efforts yielded three new hydrocarbon discoveries in Rajasthan within the Kaameshwari, Saraswati and Raageshwari fields, involving previously unexplored reservoir intervals. The commercial viability of these discoveries is under evaluation.
Vedanta plans to expand its growth pipeline through deepwater explorations on the East Coast, enhanced oil recovery via ASP injection in Rajasthan North, and exploration campaigns in the Northeast.
The company secured two offshore blocks in the Krishna Godavari Basin under the DSF IV bid round, focusing on shallow water and deepwater areas, aiming to increase offshore production capabilities.
Highlights
- EBITDA for Q2FY27 increased 34% year-on-year to ₹1,393 crore.
- Revenue for Q2FY27 was ₹2,486 crore, up 7% year-on-year.
- Profit after tax from continuing operations stood at ₹746 crore for Q2FY27.
- Average daily gross operated production was 72.2 kboepd in the quarter.
- Three new oil and gas discoveries were made in Rajasthan during H1FY27.
- Awarded two offshore blocks in Krishna Godavari Basin under DSF IV bid round for shallow and deepwater exploration.
Key Data Snapshot
What happened
- Vedanta Oil and Gas reported Q2FY27 financial results with EBITDA increasing 34% to ₹1,393 crore and revenue rising 7% to ₹2,486 crore.
- Profit after tax from continuing operations was ₹746 crore for the quarter.
- The company made three new hydrocarbon discoveries in Rajasthan during the first half of FY27.
- Average daily gross operated production was 72.2 kboepd in Q2FY27.
- Vedanta secured two offshore blocks in the Krishna Godavari Basin under the DSF IV bid round.
Key details
- Production optimization initiatives in Rajasthan and Ravva led to decline arrest and improved recovery.
- Three discoveries involved deep-gas and shallow-oil reservoirs in previously unexplored intervals of the Kaameshwari, Saraswati, and Raageshwari fields.
- The commercial viability and hydrocarbon potential of the new discoveries are currently under evaluation.
- DSF IV block awards include KG/OSDSF/G1/2025 (Shallow Water) and KG/DWDSF/GD10/2025 (Deepwater).
- Plans for upcoming deepwater explorations, enhanced oil recovery technologies, and Northeast exploration campaigns are underway.
Financial performance
- H1FY27 revenue was ₹4,993 crore, up 8% year-on-year.
- H1FY27 EBITDA stood at ₹2,625 crore, growing 14% year-on-year.
- Profit after tax including discontinued operations for H1FY27 was ₹1,691 crore.
- Higher price realizations and cost optimization contributed to improved financial results.
Operational performance
- Average daily working interest production was 47.8 kboepd in Q2FY27.
- Total working interest production was 4.4 million boe during the quarter.
- Well interventions and artificial lift optimization programs maximized recovery from mature fields.
- Production optimization contributed to a positive reversal trend at the Ravva asset.
Next milestones
- Evaluation of hydrocarbon potential and commercial viability for new Rajasthan discoveries.
- Application to Ministry of Petroleum and Natural Gas and Directorate General of Hydrocarbons for interest transfer of DSF IV blocks from Vedanta Limited to Vedanta Oil and Gas Limited as part of demerger.
- Advancement of exploration and development programs including deepwater projects on the East Coast and campaigns in the Northeast.
Highlights
- EBITDA for Q2FY27 increased 34% year-on-year to ₹1,393 crore.
- Revenue for Q2FY27 was ₹2,486 crore, up 7% year-on-year.
- Profit after tax from continuing operations stood at ₹746 crore for Q2FY27.
- Average daily gross operated production was 72.2 kboepd in the quarter.
- Three new oil and gas discoveries were made in Rajasthan during H1FY27.
- Awarded two offshore blocks in Krishna Godavari Basin under DSF IV bid round for shallow and deepwater exploration.
Disclosures
- Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
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