Vedanta Oil & Gas posts Rs 945 crore Q1 profit as revenue rises 9% YoY

Vedanta Oil & Gas reported a net profit of Rs 945 crore for the first quarter of fiscal 2024, swinging to profit from a year earlier. Revenue rose 9% year on year. The results point to improved operating efficiency across its oil and gas assets alongside a better pricing environment. As a listed domestic energy company, its performance feeds into its own valuation and investor sentiment toward India’s upstream energy sector.

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