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Indian Oil's Stunning Q2 Comeback: Profit Soars 4,128% Amid Strong Demand

Indian Oil has delivered an extraordinary financial performance this quarter. The company's net profit exploded by over 4,000% compared to the same period last year. This remarkable turnaround was fueled by stronger refining margins and consistent fuel demand across the country. Investors responded positively, pushing the stock higher and showing confidence in the company's growth trajectory.

Key Points: Indian Oil Q2 Net Profit Jumps 4128 Percent to Rs 7610 Crore

  • Consolidated net profit skyrocketed to Rs 7,610.5 crore from just Rs 180 crore last year
  • Revenue grew 4% year-on-year to Rs 2.03 lakh crore
  • Strong performance driven by higher refining margins and steady fuel demand
  • Stock gained 3.23% following results, nearing 52-week high of Rs 157.20
2 min read

Indian Oil's Q2 net profit soars 4,128 pc; revenue rises 4 pc

Indian Oil reports massive 4,128% profit surge to Rs 7,610 crore in Q2 FY26, driven by higher refining margins and steady fuel demand growth.

"Higher domestic retail sales, improved margins and reduced under-recoveries on LPG sales drive the bottom line - Experts"

Mumbai, Oct 27

The state-run Indian Oil Corporation (IOC) on Monday reported a strong performance for the second quarter of the financial year 2025-26 (Q2 FY26), with its consolidated net profit jumping 4,128 per cent to Rs 7,610.5 crore.

This marks a significant turnaround from the same period last fiscal (Q2 FY25), when the company had reported a profit of just Rs 180 crore, according to its stock exchange filing.

The company saw growth in both profitability and operating income during the quarter. The low base from last year, due to an exceptional item helped drive the bottomline, the firm said in its filing.

On sequential basis, IOC’s net profit for the quarter ended September rose 33.8 per cent, compared to Rs 5,689 crore in the previous quarter.

IOC’s revenue from operations increased 4 per cent year-on-year (YoY) to Rs 2.03 lakh crore in Q2 FY26, supported by higher refining margins and steady fuel demand across the country.

“Higher domestic retail sales, improved margins and reduced under-recoveries on LPG sales drive the bottom line during the quarter ended September 30,” experts said.

Following the results, IOC shares ended 3.23 per cent higher at Rs 155.20 on the Bombay Stock Exchange (BSE), close to the day’s high of Rs 155.35.

Earlier in the day, the stock had gained nearly 3 per cent ahead of the results, hitting an intra-day high of Rs 154.45.

The Maharatna PSU stock has shown a steady upward trend this year, rising 11.67 per cent year-to-date (YTD) and about 13.23 per cent in the last six months.

Over the past month, the stock gained 3.51 per cent, and it remains close to its 52-week high of Rs 157.20, touched on October 9.

As of October 27, IOC’s market capitalisation stood at Rs 2,17,777.74 crore -- reflecting investors’ confidence in the company’s strong financial performance and consistent growth outlook.

- IANS

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Reader Comments

P
Priya S
Great to see IOC doing well, but I hope some of these massive profits translate into better services at petrol pumps. The queues are still long and digital payments often don't work properly.
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Arjun K
This is fantastic news for the Indian economy! When our public sector companies perform this well, it boosts investor confidence and creates more opportunities. Jai Hind! 🇮🇳
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Sarah B
As someone who tracks energy stocks, this performance is impressive but let's be realistic - the low base effect from last year is a major factor. Still, good to see refining margins improving.
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Vikram M
Higher profits are good, but when will we see petrol prices come down? Common people are still struggling with high fuel costs. Some relief would be welcome.
K
Kavya N
Excellent performance! This shows how well-managed our PSUs can be. Hope IOC continues this growth trajectory and invests more in green energy initiatives too. 🌱

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