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The Economic Times
The Economic Times
Veer Sharma

Vedanta Oil & Gas shares dip 4% despite becoming profitable in Q1

Vedanta Oil Vedanta Oil Gas BSE NSE

Vedanta Oil & Gas shares dipped 4% to Rs 33.79 on the BSE on Thursday, even as the recently listed company reported a consolidated net profit of Rs 945 crore for the first quarter of FY27. This marks a sharp turnaround from a net loss of Rs 104 crore in the year-ago period and a net loss of Rs 479 crore in the March quarter.

The company delivered the profit despite reporting a net exceptional loss of Rs 441 crore during the quarter. Revenue from operations rose about 8.5% year on year to Rs 2,507 crore from Rs 2,311 crore in the corresponding quarter of the previous financial year.

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