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Vedanta Oil and Gas Ltd

Q1 FY27Oil

Vedanta Oil and Gas Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹36
Market cap₹13.4K Cr
P/E62.3
Updated23 Sept 2026
Read5 min read

What the Q1 FY27 call signalled

1 of 4 strong

RevenueModerate growth
MarginMargins steady
CapexCapex planned
FundraiseNo fundraise planned

The short version

Zinc International (VZI) aims to ramp up volumes from current ~250 kt to 300 kt, then 450 kt, and eventually 750 kt with Phase 2 expansion, targeting cost reduction to USD 1,200 per ton. EBITDA outlook for Vedanta India (consolidated) is approximately ₹9.5-10 billion annually, supported by current volume, cost, and favorable macro conditions.

From Vedanta Oil and Gas Ltd's Q1 FY27 earnings-call transcript · updated 23 Sept 2026.

Revenue & Sales Performance

Moderate growth
  • Zinc International (VZI) aims to ramp up volumes from current ~250 kt to 300 kt, then 450 kt, and eventually 750 kt with Phase 2 expansion, targeting cost reduction to USD 1,200 per ton.
  • BALCO potline ramp-up progressing; Q1 produced 24 kt against plan of 22 kt; full capacity expected by year-end with ~260-270 kt volume this year and an additional ~190 kt next year.
  • Vedanta Aluminium (VAML) targets alumina production of 4 to 4.1 million tons for FY27, with second half expected to be stronger due to monsoon impact in H1.
  • Aluminum production is growing, with an all-time high of 632 kt in Q1 and ongoing ramp-up of Lanjigarh and BALCO potlines.

2 more points management made on revenue & sales performance

Profitability & Margins

See what Vedanta Oil and Gas Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned
  • Vedanta Limited growth capex target: INR 7,000 crores (INR 5,000 crores for Zinc India, INR 2,000 crores for remaining businesses) [Page 25].
  • Maintenance capex for Vedanta Limited: Approximately INR 4,000 crores, with ~70% at Zinc India [Page 25].
  • Vedanta Aluminum FY27 capex: Around INR 5,000 crores (INR 2,000-2,500 crores for BALCO, rest for Vedanta Aluminum) [Page 23].
  • Vedanta Aluminum FY28 capex estimated at INR 3,500-4,000 crores, mainly for mines as BALCO completes projects [Page 23].
  • BALCO 3 MTPA expansion on drawing board; phased capex with large spend in third year post-project start, targeting leverage below 1x [Pages 22-23].
  • VISL Bokaro Phase 2 expansion expected to complete by end of FY27, after receiving forest clearances [Page 14].

2 more points management made on capital expenditure plans

Top-ranked in Oil

Ranked on what management guided this quarter

5x potential
1Asian Energy
Rev 2Mar 1
2Deep Industries
Rev 2Mar 2
3
Rev 3Mar 3
4
Rev 3Mar 3
5
Rev 3Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Vedanta Oil and Gas Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The provided document does not explicitly mention Current or Expected Orderbook/Pending Orders for the company. Key financial and operational highlights focus on production, prices, costs, capital expenditures, and regulatory/approval status. Discussions are centered around: - Production volumes and performance across blocks and quarters - Cost and price realizations - Debt, refinancing, and dividend policies

2 more points management made on order book & pipeline

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Frequently Asked Questions

What were Vedanta Oil and Gas Ltd Q1 FY27 results?

Zinc International (VZI) aims to ramp up volumes from current ~250 kt to 300 kt, then 450 kt, and eventually 750 kt with Phase 2 expansion, targeting cost reduction to USD 1,200 per ton. EBITDA outlook for Vedanta India (consolidated) is approximately ₹9.5-10 billion annually, supported by current volume, cost, and favorable macro conditions.

What is Vedanta Oil and Gas Ltd share price analysis?

Vedanta Oil and Gas Ltd currently shows a below-average growth signal. The stock trades at a P/E of 62.3 with a market cap of ₹13,397 Cr. Investors should review the full earnings analysis for detailed insights.

Is Vedanta Oil and Gas Ltd planning capital expenditure?

Vedanta Limited growth capex target: INR 7,000 crores (INR 5,000 crores for Zinc India, INR 2,000 crores for remaining businesses) [Page 25].

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.