The shares of Vedanta Oil & Gas, Vedanta Iron & Steel, and Vedanta Power crashed up to 8% on Monday after the respective Q1 updates from the recently listed companies failed to impress Dalal Street bulls.
Vedanta Aluminium Metal shares, however, gained over 1% on Monday morning. The four companies that were spun out of Vedanta earlier this year following the mega demerger released their Q1 business updates after market hours on Friday.
Vedanta Oil & Gas Q1 update
Vedanta Oil & Gas shares crashed more than 8% to trade at Rs 39.3 apiece on the NSE. This came after the company reported a 17% year-on-year (YoY) decline in gross oil and gas production to 7.1 million boe for the April-June quarter of FY27, from 8.5 million boe in the corresponding quarter of the previous financial year. Sequentially, gross output also declined about 4% from 7.3 million boe reported in the fourth quarter of the previous financial year.
Its total working interest, meanwhile, dropped 16% YoY to 4.7 million boe during the quarter under review. Its largest asset in Rajasthan recorded a 15% YoY decline in average daily gross operated production to 63.1 kboepd.
Vedanta Oil & Gas shares have gained over 20% in one week and 11% since listing. Its market capitalisation currently stands at over Rs 15,434 crore.
Also read: Vedanta among top 5 stocks with lowest price-to-earnings ratio. Check details
Vedanta Iron & Steel Q1 update
After delivering massive returns since listing, Vedanta Iron & Steel shares tumbled around 5% to trade at Rs 38.5 apiece on the NSE on Monday morning. This came after the company reported a 4% YoY rise in saleable iron ore production to 2.6 million DMT in the first quarter of FY27. Sequentially, however, production fell 3% from 2.7 million DMT reported in the fourth quarter of FY26.
Vedanta Iron & Steel's Karnataka plant saw a 46% YoY drop in saleable iron ore production, while the Goa and Odisha plants recorded 166% and 59% surges in output, respectively. Overall steel production, meanwhile, rose 4% YoY to 582,000 tonnes during the quarter under review.
Vedanta Iron & Steel shares have risen around 19% in one week and 84% since listing. The company currently has a market capitalisation of Rs 15,055 crore.
Vedanta Power Q1 update
Vedanta Power shares dropped around 4.5% to trade at Rs 43.67 apiece on the NSE. The company said power sales grew 38% YoY to 5,225 million units in Q1 FY27 from 3,784 million units in Q1 FY26. Sequentially, however, sales fell 6% from 5,530 million units reported in the fourth quarter of FY26.
Power sales at Talwandi Sabo Thermal Plant and Meenakshi Energy grew 14% and 16%, respectively, on a sequential basis in Q1. However, sales at Sakti Thermal Plant and Jharsuguda Thermal Plant declined 57% and 23%, respectively, from the previous quarter.
The company attributed the decline in power sales at Sakti Thermal Plant to reduced plant availability following a boiler incident on April 14, which significantly impacted operations during the quarter.
Vedanta Power shares have gained over 6% in one week and 7% since listing.
Also read: Vedanta Power shares fall 3% despite 38% jump in Q1 sales. Should you buy, sell or hold?
Vedanta Aluminium Metal Q1 update
Vedanta Aluminium Metal shares gained more than 1% to trade at Rs 467.85 apiece on the NSE. The company reported its highest-ever quarterly aluminium production of 6.32 lakh tonnes in Q1 FY27, marking a 5% YoY and 3% quarter-on-quarter (QoQ) increase. Power sales at BALCO rose 21% YoY to 520 million units during the quarter under review.
"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," the company said.
Vedanta Aluminium Metal, which was listed as the only large-cap company among the four entities last month, has seen its share price rise around 3% over the past week. The stock, however, has declined more than 6% since listing and currently commands a market capitalisation of nearly Rs 1.81 lakh crore.
Also read: Vedanta, TCS among 5 stocks with the highest dividend yield. Check details
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