Indian Oil Corporation Q2 Results: Consolidated net profit at ₹7,817.55 crore, revenue rises 4% YoY

Indian Oil Corporation (IOC) on Monday, October 27, reported a consolidated net profit of ₹7,817.55 crore for the second quarter of the current fiscal year (Q2 FY26) as compared to a net loss of ₹169.58 crore posted in the year-ago period.

Sequentially, IOC's net profit rose 14.7% from ₹6,813.71 crore in the June quarter.

The company’s revenue from operations jumped 3.9% year-on-year (YoY) to ₹2,06,447.11 crore during Q2 FY26 against ₹1,98,615.80 crore in the same quarter last year.

Its total income increased to ₹2,07,091.44 crore in Q2 FY26 from ₹1,99,339.05 crore a year ago, marking a jump of 3.8%. Additionally, its total expenses fell 2.5% YoY to ₹1,96,699.02 crore during the September quarter from ₹2,01,760.21 crore in Q2 FY25.

Standalone results

On a standalone basis, the IOC’s net profit jumped as much as 4127.7% to ₹7,610.45 crore in the September quarter against ₹180 crore posted a year ago.

Its revenue from operations surged 4.1% YoY to ₹2.03 lakh crore during the quarter, as against ₹1.95 lakh crore in the year-ago period.

IOC earned $19.6 on every barrel of crude oil it processed and turned into fuels like petrol and diesel in Q2, as compared to $2.15 gross refining margin in Q1 and $1.59 in Q2 last year, a PTI report said.

IOC shares

Shares of Indian Oil Corporation ended 3.2% up at ₹155.23 apiece on the NSE. The company announced its Q2 FY26 results post-market hours.

The stock was at its 52-week high of ₹157.20 apiece on October 9, 2025, while it was at its 52-week low of ₹110.72 per share on March 3, 2025.

In the last five days, the stock has advanced 0.5%, and has added 3.9% in the past month.

Over the last six months, the scrip has jumped 13.73%, and the year-to-date rise stands at 13.27%. IOC's market capitalisation stands at ₹2,19,203.98 crore.