Following their Q1 business updates, shares of Vedanta’s newly demerged entities exhibited mixed performance on the market. Shares of Vedanta Oil & Gas, Vedanta Iron & Steel, and Vedanta Power plummeted up to 8% due to disappointing operational results, while Vedanta Aluminium reported a rise after achieving record production levels.
On Monday, shares of Vedanta Oil & Gas, Vedanta Iron & Steel, and Vedanta Power experienced declines up to 8% as the recent Q1 updates did not meet the expectations of investors on Dalal Street.
In contrast, Vedanta Aluminium saw its shares increase by over 1% on Monday morning. The companies, which were separated from Vedanta earlier this year following a significant demerger, published their Q1 updates after the market closed on Friday.
Vedanta Oil & Gas Q1 Update
Vedanta Oil & Gas shares fell more than 8% to Rs 39.3 on the NSE. This drop followed a report revealing a 17% year-over-year (YoY) decrease in gross oil and gas production, which totaled 7.1 million barrels of oil equivalent (boe) for the April-June quarter of FY27, down from 8.5 million boe in the same quarter last year. Compared to the previous quarter, production also fell approximately 4% from 7.3 million boe.
The total working interest also saw a decline of 16% YoY, reaching 4.7 million boe for the period. The company’s largest asset in Rajasthan noted a 15% YoY decrease in average daily gross operated production, which stood at 63.1 thousand barrels of oil equivalent per day (kboepd).
Despite the drop, Vedanta Oil & Gas shares had increased over 20% in the past week and 11% since their listing, with a market capitalization exceeding Rs 15,434 crore.
Vedanta Iron & Steel Q1 Update
Shares of Vedanta Iron & Steel, after previously strong performance, decreased around 5% to Rs 38.5 on the NSE on Monday morning. This decline came after a report of a 4% YoY increase in saleable iron ore production, totaling 2.6 million dry metric tonnes (DMT) in the first quarter of FY27, although this represented a 3% drop from the previous quarter’s 2.7 million DMT.
Production at the Karnataka plant saw a significant drop of 46% YoY, while output at the Goa and Odisha plants surged by 166% and 59%, respectively. Overall steel production rose 4% YoY to 582,000 tonnes during the quarter.
Vedanta Iron & Steel shares have appreciated around 19% in the past week and 84% since their debut, currently boasting a market capitalization of Rs 15,055 crore.
Vedanta Power Q1 Update
Vedanta Power shares fell about 4.5% to Rs 43.67 on the NSE. The company reported a 38% YoY rise in power sales, which reached 5,225 million units in Q1 FY27, compared to 3,784 million units in Q1 FY26. However, this figure represented a 6% decrease from the prior quarter’s sales of 5,530 million units.
Sales at the Talwandi Sabo Thermal Plant and Meenakshi Energy increased by 14% and 16%, respectively, compared to the previous quarter, but sales at the Sakti Thermal Plant and Jharsuguda Thermal Plant fell by 57% and 23%, respectively.
The decline in sales at the Sakti Thermal Plant was attributed to reduced availability due to a boiler incident on April 14, which adversely affected operations during the quarter.
Vedanta Power shares have increased over 6% in the past week and 7% since being listed.
Vedanta Aluminium Metal Q1 Update
Shares of Vedanta Aluminium Metal climbed more than 1% to Rs 467.85 on the NSE. The company achieved its highest-ever quarterly aluminium production, reaching 632,000 tonnes in Q1 FY27, reflecting a 5% YoY and a 3% quarter-on-quarter increase. Power sales at BALCO rose by 21% YoY, totaling 520 million units during the quarter.
The company remarked, “Progress at the BALCO expansion remains steady, with a measured approach focused on operational stability and efficiency as capacity gradually scales up. The ramp-up is on track for full capacity utilisation by Q4.” Vedanta Aluminium Metal, which was listed as the only large-cap company among the four entities last month, has seen its stock price rise around 3% over the past week, although it has declined over 6% since its listing, currently holding a market capitalization of nearly Rs 1.81 lakh crore.
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