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Vedanta Oil and Gas Limited (VOGL)

₹30.95 -1.93% last close, 16 Oct

📊 NSE: VOGL 🏢 Oil Exploration & Production 📢 Latest filing: 13 Oct 2026

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Vedanta Oil's revenue was ₹2,507 Cr (+8.5% year on year, -3.1% on the previous quarter), and net profit ₹945 Cr (against a loss a year earlier); the operating margin was 32.5%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹2,507	+8.5%	-3.1%
Operating profit	₹814	+61.2%	-7.7%
Net profit	₹945	from loss	from loss
EPS (₹)	2.42	from loss	from loss
Operating margin	32.5%	—	—

Full quarterly financials → Results calendar →

VOGL delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 45.98% of the VOGL shares traded on NSE were taken to delivery, against the stock's own 20-session average of 43.21%. That is close to its usual level.

45.98%Delivery, 16 Oct

43.21%Own 20-session average

0.8×Volume vs its average

₹30.95NSE close · -1.93%

Delivery in the last 5 sessions: 46.1% · 44.4% · 26.1% · 38.4% · 46.0%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Vedanta Oil and Gas Clarifies ESOP 2026 Structure Following IiAS Proxy Advisory Concerns

🟡 NEUTRAL ⭐ 3/10

OTHER 📅 13 Oct 2026, 03:36 PM

Vedanta Oil and Gas Limited (VOGL) issued clarifications regarding its Postal Ballot Notice dated September 24, 2026, in response to voting recommendations by proxy advisory firm IiAS. The company confirmed that vesting under VOGL ESOP 2026 is 100% performance-linked with a minimum vesting period of 3 years and maximum of 5 years. Grant awards are capped at 100% of an employee's annual fixed pay, with business performance metrics weighted towards Volume (60%), Cost (15%), Carbon Footprint Reduction (15%), and NSR (10%). VOGL also justified extending the scheme to holding company employees and using secondary market trust acquisitions to prevent incremental equity dilution.

Vesting under VOGL ESOP 2026 is 100% performance-linked over a minimum period of 3 years (up to 5 years maximum)
Individual employee option grants are capped at 100% of annual fixed pay
Business performance metrics (50% weightage) comprise Volume (60%), Cost (15%), Carbon Footprint (15%), and NSR (10%)
Vesting at threshold level will be 50% of the grant, capped at 100% upon overachievement
Secondary share acquisition route via Trust will be used to avoid incremental equity dilution

💡 Track the outcome of the postal ballot voting results to see if institutional shareholders accept management's clarifications on the ESOP resolutions.

VOGL Q2 FY27 Gross Production Down 19% YoY to 72.2 kboepd; Cambay Handed Over to ONGC

🔴 NEGATIVE ⭐ 6/10

OTHER 📅 03 Oct 2026, 05:21 PM

Vedanta Oil and Gas reported a 19% YoY decline in Q2 FY27 average daily gross operated production to 72.2 kboepd (down 7% QoQ). Rajasthan field production fell 15% YoY to 59.9 kboepd due to natural field decline, while Cambay volumes dropped 83% YoY to 1.11 kboepd as operations were handed over to ONGC on July 24, 2026, following the non-extension of the PSC. Average daily working interest production stood at 47.8 kboepd, down 18% YoY, with total gross oil and gas output for the quarter at 6.6 million boe.

Q2 FY27 gross operated production fell 19% YoY and 7% QoQ to 72.2 kboepd
Working interest production declined 18% YoY and 7% QoQ to 47.8 kboepd
Rajasthan gross output dropped 15% YoY to 59.9 kboepd due to natural decline
Cambay production plunged 83% YoY to 1.11 kboepd after ONGC took over operations on July 24, 2026
Ravva field showed quarterly improvement, rising 16% QoQ to 8.1 kboepd

💡 Track the outcome of VOGL's appeal before the Division Bench of Delhi High Court regarding the Cambay PSC extension, and monitor Q2 FY27 financial results to assess revenue impact from lower volumes.

Vedanta Oil & Gas Issues Postal Ballot for ESOP 2026 and Related Party Transactions

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 26 Sep 2026, 04:49 PM

Vedanta Oil and Gas Limited has issued a Postal Ballot notice seeking shareholder approval for 10 resolutions via remote e-voting. Key proposals include the implementation of the Employee Stock Option Plan (ESOP) 2026 and Employee Share Purchase Plan (ESPP) 2026 via Trust route, including secondary market acquisition of shares. Additionally, shareholders are voting on material Related Party Transactions, including an annual guarantee commission of ₹25 crore payable to promoter entity Vedanta Resources Limited by subsidiary Cairn Energy Hydrocarbons Limited. E-voting opens on September 27, 2026, and closes on October 26, 2026.

Seeking approval for VOGL ESOP 2026 and ESPP 2026, including funding of trust for secondary market share purchases
Material RPT approval includes ₹25 crore annual guarantee commission payable to Vedanta Resources Limited by CEHL for the RJ Block
Remote e-voting period runs from September 27, 2026 (9:00 AM) to October 26, 2026 (5:00 PM)
Cut-off date for determining shareholder voting rights was September 18, 2026

💡 Eligible shareholders may cast votes on the 10 postal ballot resolutions before the October 26, 2026 deadline and monitor the scrutinizer report for voting outcomes.

Supreme Court Remands Cairn India Buyback Case to SAT for Fresh Hearing

🔵 WATCH ⭐ 6/10

LEGAL 📅 10 Sep 2026, 04:43 PM

The Hon'ble Supreme Court of India has passed a judgment on September 9, 2026, in Civil Appeal Nos. 25-26 of 2024 (SEBI vs. Vedanta Limited & Ors.) concerning allegations tied to the Cairn India buyback. The Court remanded the matter back to the Securities Appellate Tribunal (SAT) for fresh adjudication after identifying discrepancies in SEBI's trading data and investigation record. The Supreme Court neither upheld nor rejected SEBI's allegations, meaning there is presently no final determination of liability against the company. The company posted Q1 Jun 2026 revenue of ₹2,507.0 cr and net profit of ₹945.0 cr while legal proceedings continue.

Supreme Court order passed on September 9, 2026, remanding Civil Appeal Nos. 25-26 of 2024 to SAT.
Court directed SAT to re-examine evidence citing discrepancies in trading data relied upon by SEBI.
No liability determination upheld or rejected; matter remanded for fresh hearing.
Company reported Jun 2026 quarterly revenue of ₹2,507.0 cr and PAT of ₹945.0 cr.

💡 Track the schedule and fresh hearings before SAT regarding the Cairn India buyback matter to gauge potential financial exposure or penalties, if any.

Vedanta Oil and Gas Updates MCA Status to Listed Following June 15 Listing

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 17 Aug 2026, 11:52 AM

Vedanta Oil and Gas Limited has updated its Corporate Identification Number (CIN) from U06100MH2001PLC428719 to L06100MH2001PLC428719 following its listing on June 15, 2026. Concurrently, the company's classification on the Ministry of Corporate Affairs (MCA) portal changed from 'Unlisted' to 'Listed'. The master data shows an authorised share capital of Rs 74,12,01,00,000 and paid-up capital of Rs 3,91,06,86,689. This disclosure is purely administrative in nature.

CIN updated from U06100MH2001PLC428719 to L06100MH2001PLC428719 on the MCA portal
Company status officially changed from 'Unlisted' to 'Listed' post June 15, 2026 exchange listing
Authorised capital confirmed at Rs 74,12,01,00,000
Paid-up share capital stands at Rs 3,91,06,86,689

💡 No action is required as this is a routine statutory intimation. Investors should track subsequent quarterly earnings and operational production updates.

VOGL Q1 FY27: EBITDA at ₹1,232 Cr; Liquid Investments Revised Upward to ₹2,859 Cr

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 05 Aug 2026, 06:21 PM

Vedanta Oil and Gas Limited (VOGL) reported Q1 FY27 revenue of ₹2,507 crore, up 9% YoY, driven by a 52% surge in oil price realization to $99.7/bbl. Despite the revenue growth, gross operated production declined 17% YoY to 77.7 kboepd due to natural reservoir declines. A significant corrigendum was issued to the investor presentation, revising ROCE from 1.99% to 7.04% and liquid investments from ₹1,126 crore to ₹2,859 crore. The company reported a net loss of ₹151 crore from continuing operations after exceptional items, but a total PAT of ₹945 crore including gains from discontinued operations.

Gross operated production fell 17% YoY to 77.7 kboepd, with Rajasthan block contributing 63.1 kboepd.
Liquid investments including cash were corrected upwards to ₹2,859 crore from the previously stated ₹1,126 crore.
EBITDA margin stood at 49% for the quarter, with EBITDA rising 16% QoQ to ₹1,232 crore.
Average oil price realization increased 52% YoY to $99.7 per barrel, offsetting volume declines.
Unit operating cost improved to $17.4 per barrel, down 3% on a quarter-on-quarter basis.

💡 Investors should monitor the company's ability to arrest production declines in mature fields like Rajasthan and the execution timeline for its OALP exploration blocks.

VOGL Q1 FY27: EBITDA at ₹1,232 Cr; Corrects Cash Position to ₹2,859 Cr in Revised Presentation

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 05 Aug 2026, 06:20 PM

Vedanta Oil and Gas Limited (VOGL) reported Q1 FY27 revenue of ₹2,507 crore with a strong EBITDA margin of 49%. The company issued a major corrigendum to its previous investor presentation, revising its ROCE upward from 1.99% to 7.04% and its liquid investments from ₹1,126 crore to ₹2,859 crore. While continuing operations posted a loss of ₹151 crore due to ₹345 crore in exceptional impairment charges, the total PAT stood at ₹945 crore aided by a one-time gain from discontinued operations. Production volumes saw a 17% YoY decline to 77.7 kboepd, though high oil realizations of $99.7/bbl supported the top line.

Gross operated production declined 17% YoY to 77.7 kboepd, primarily due to natural reservoir decline.
EBITDA rose 16% QoQ to ₹1,232 crore, driven by a 52% YoY increase in oil price realization to $99.7/bbl.
Liquid investments and cash corrected to ₹2,859 crore from the previously reported ₹1,126 crore.
Net Debt status updated to 'Near Zero' following the correction of spreadsheet errors.
Unit operating cost improved to $17.4 per barrel, down 3% on a quarter-on-quarter basis.

💡 Investors should monitor the company's execution in arresting production declines in mature fields and the progress of its OALP growth portfolio. The resolution of the sub-judice Cambay matter remains a key watchpoint for future impairments.

VOGL Releases Audio Recording of Q1 FY27 Earnings Conference Call

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 30 Jul 2026, 08:45 PM

Vedanta Oil and Gas Limited (formerly Malco Energy Limited) has released the audio recording of its earnings conference call for the first quarter ended June 30, 2026. This disclosure follows the company's announcement of its unaudited standalone and consolidated financial results. The recording is made available on the company's website in compliance with SEBI Listing Obligations and Disclosure Requirements. This is a standard procedural filing intended to provide transparency regarding management's discussion on quarterly performance.

Audio recording of the Earnings Conference Call for the quarter ended June 30, 2026, is now public
Filing complies with SEBI Regulation 30 and 46(2)(oa) regarding disclosures
The company was formerly known as Malco Energy Limited
Recording is hosted on the official company website at www.vedantaoilandgas.com

💡 Investors should access the recording to understand management's perspective on operational performance and future guidance for the oil and gas business.

5% Equity Pool Approved for New ESOP and ESPP Schemes via Secondary Acquisition

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 29 Jul 2026, 05:29 PM

Vedanta Oil and Gas Limited (VOGL) has approved the formulation of two employee benefit schemes: ESOP 2026 and ESPP 2026. The total pool for these schemes is capped at 5% of the company's paid-up share capital, with 4.25% allocated to ESOPs and 0.75% to ESPPs. Notably, the schemes will be implemented through a Trust route using secondary market acquisitions, which avoids equity dilution for existing shareholders. Additionally, the Board has designated Mr. Pulak Modi as the Vice Chairman of the Board.

Total pool of 19,55,34,334 shares approved, representing 5% of the total paid-up share capital
ESOP 2026 pool consists of 16,62,04,184 shares (4.25% of capital) with an exercise price of ₹1 per share
ESPP 2026 pool consists of 2,93,30,150 shares (0.75% of capital) with a purchase price of Nil or as determined by NRC
Implementation via Trust route through secondary acquisition from the open market, ensuring no fresh dilution
Vesting period for options ranges from a minimum of 1 year to a maximum of 5 years

💡 Monitor the upcoming shareholder approval for these schemes and the subsequent secondary market purchase activity by the Trust, which may provide minor liquidity support.

5% Equity Pool Approved for New ESOP and ESPP Schemes; Vice Chairman Appointed

🟡 NEUTRAL ⭐ 4/10

BOARD_MEETING 📅 29 Jul 2026, 05:29 PM

Vedanta Oil and Gas Limited (VOGL) has approved the formulation of ESOP 2026 and ESPP 2026 schemes, collectively covering 5% of the company's paid-up share capital. The schemes will be executed through a Trust route via secondary market acquisitions, ensuring no fresh equity dilution for current shareholders. The ESOP pool comprises 16.62 crore shares (4.25%) with an exercise price of ₹1, while the ESPP pool includes 2.93 crore shares (0.75%). Furthermore, Mr. Pulak Modi has been designated as the Vice Chairman of the Board.

Total pool of 19,55,34,334 shares (5% of paid-up capital) allocated for employee benefits.
ESOP 2026 pool consists of 16,62,04,184 shares (4.25% of capital) with a ₹1 exercise price.
ESPP 2026 pool consists of 2,93,30,150 shares (0.75% of capital) with a potential nil purchase price.
Vesting period for options is set between 1 and 5 years from the grant date.
Implementation via Trust route using secondary acquisition from the open market.

💡 Monitor shareholder approval for the schemes and the subsequent impact on employee benefit expenses in future financial statements.

₹2,507 Cr Revenue in Q1 FY27; VOGL Reports ₹945 Cr PAT and New Gas Discovery

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 29 Jul 2026, 03:55 PM

Vedanta Oil and Gas Limited (VOGL) reported its first quarterly results as a listed entity, with revenue growing 9% YoY to ₹2,507 crore. While gross production declined 17% YoY to 77.7 kboepd, the financial performance was bolstered by a 52% surge in oil price realizations to $99.7/bbl. The company reported a PAT of ₹945 crore (including discontinued operations), a significant turnaround from the ₹104 crore loss in the same quarter last year. Additionally, the company announced a new gas discovery in the Barmer Basin, Rajasthan.

Revenue grew 9% YoY to ₹2,507 crore, supported by higher Brent prices.
EBITDA increased 16% QoQ to ₹1,232 crore, reflecting improved operational discipline.
Reported PAT of ₹945 crore, including gains from discontinued operations (MEL slump sale).
Average oil price realization jumped 52% YoY to $99.7 per barrel.
Notified a new gas discovery in the Kaam BCP-1ST well within the Barmer Basin, Rajasthan.

💡 Investors should monitor the technical and commercial evaluation of the new Kaam BCP-1ST gas discovery and the company's progress in arresting the 17% YoY production decline through its planned infill development and Enhanced Oil Recovery (ASP) campaigns.

₹945 Cr PAT in Q1 FY27; VOGL Reports 9% Revenue Growth and New Gas Discovery

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 29 Jul 2026, 03:55 PM

Vedanta Oil and Gas Limited (VOGL) reported its first quarterly results as a listed entity, with revenue growing 9% YoY to ₹2,507 crore. While gross production declined 17% YoY to 77.7 kboepd, Profit After Tax (PAT) surged to ₹945 crore, primarily aided by a ₹1,097 crore gain from discontinued operations related to the slump sale of MEL. The company also announced a new gas discovery in the Barmer Basin, Rajasthan. EBITDA margins remained strong, supported by higher Brent price realizations of $104.5/bbl compared to $67.8/bbl in the previous year.

Revenue increased 9% YoY to ₹2,507 crore, supported by a 54% increase in Brent prices.
Reported PAT of ₹945 crore, including a ₹1,097 crore gain from discontinued operations.
Average gross operated production stood at 77.7 kboepd, a 17% decline from 93.2 kboepd in Q1 FY26.
Average oil price realization jumped 52% YoY to $99.7 per barrel.
Notified a new gas discovery in the Kaam BCP-1ST well in Rajasthan’s Barmer Basin.

💡 Monitor the technical and commercial evaluation of the new Kaam BCP-1ST gas discovery and the company's progress in arresting the 17% YoY production decline through its planned infill drilling and EOR campaigns.

VOGL Reports ‡379 Cr Impairment in Q1; Demerger from Vedanta Ltd Approved by MoPNG

🔵 WATCH ⭐ 8/10

EARNINGS 📅 29 Jul 2026, 03:50 PM

Vedanta Oil and Gas Limited (VOGL) released its first financial results following the demerger of the Oil & Gas business from Vedanta Limited, effective May 1, 2026. The company recognized a significant impairment charge of ‡379 crore after the Delhi High Court dismissed its petition regarding the extension of the Cambay Block (CB-OS/2) production sharing contract. For the two-month period of operations included (May-June 2026), the demerged business generated ‡957 crore in revenue with a loss before tax of ‡10 crore. Notably, the Ministry of Petroleum and Natural Gas (MoPNG) formally approved the demerger on July 24, 2026.

‡379 crore impairment charge recognized in Q1 FY27 due to the non-extension of the Cambay Block PSC
‡957 crore revenue contributed by the demerged Cairn Oil & Gas business for the two months ended June 30, 2026
‡10 crore loss before tax reported for the demerged operations during the May-June 2026 period
July 24, 2026: Date MoPNG accorded formal approval for the demerger from Vedanta Limited
‡302 crore revenue and ‡8 crore net loss reported by one unreviewed subsidiary for the quarter

💡 Investors should monitor the outcome of the appeal filed before the Divisional Bench of the Delhi High Court regarding the Cambay Block PSC. Additionally, track the transition of participating interests in various blocks from Vedanta Ltd to VOGL following the recent MoPNG approval.

May 1 Effective Scheme: MoPNG Approves Oil & Gas Block Transfer to VOGL

🟢 POSITIVE ⭐ 7/10

REGULATORY 📅 26 Jul 2026, 01:23 PM

Vedanta Oil and Gas Limited (VOGL) has received formal approval from the Ministry of Petroleum and Natural Gas (MoPNG) for the assignment of participating interests and operatorship of oil and gas blocks. These assets were transferred to the company from Vedanta Limited as part of a demerger scheme that became effective on May 1, 2026. This regulatory clearance is a critical milestone, allowing VOGL to legally operate the assets as an independent entity. The company was previously known as MALCO Energy Limited before the restructuring.

Scheme of Arrangement for asset transfer became effective on May 1, 2026
Received 'no-objection/approval' from MoPNG for operatorship and participating interests
Assets transferred from Vedanta Limited (Demerged Company) to VOGL (Resulting Company)
VOGL was formerly known as MALCO Energy Limited prior to the reorganization
Approval pertains to oil and gas blocks under Sections 230 to 232 of the Companies Act, 2013

💡 Investors should monitor the company's first standalone operational reports and financial results to assess the performance of these blocks under the new independent structure.

July 29 Board Meeting Scheduled to Consider Q1 FY27 Financial Results

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 24 Jul 2026, 06:47 PM

Vedanta Oil and Gas Limited (VOGL) has announced that its Board of Directors will meet on July 29, 2026, to approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. An earnings conference call is scheduled for the following day, July 30, 2026, from 5:00 PM to 6:30 PM IST to discuss performance. The trading window for designated persons, which closed on July 01, 2026, will remain closed until July 31, 2026. This is a routine regulatory notification ahead of the quarterly earnings release.

Board meeting scheduled for July 29, 2026, to consider Q1 FY27 results
Earnings conference call set for July 30, 2026, at 5:00 PM IST
Trading window closure period spans 31 days from July 01 to July 31, 2026
Results cover the first quarter period ended June 30, 2026

💡 Investors should monitor the exchange filings on July 29 for the financial results and may participate in the earnings call on July 30 for management's outlook.

View All VOGL Announcements on Live Market Tracking →