Indian Oil Q2FY26 Profit Surges to ₹8,190.86 Crore; Shares Rise 3% to ₹155.23

Mumbai, October 27, 2025 – Indian Oil Corporation Ltd (NSE: IOC, BSE: 530965), the largest public-sector refiner in India reported a solid turn-around in profitability with a consolidated net profit of ₹ 8,190.86 crore for the quarter ended September 30, 2025 (Q2-FY26), compared to a consolidated net loss of ₹ 448.78 crore, in the same quarter of the previous year.

Total income from operations increased to ₹ 2,06,447.11 crore, reflecting a year-on-year growth of 3.9% from ₹1,98,615.80 crore, with better refining margins and stable marketing performance contributing to this outcome. On a sequential basis, total income from operations decreased by 7% compared to ₹2,21,849.02 crore in the previous quarter due to weaker crude and product realisations.

Key Financial Highlights (₹ in crore)

Indian Oil Corporation Ltd (NSE: IOC, BSE: 530965) reported a solid performance during the July-September 2025 quarter of the financial year (Q2-FY26) with a consolidated net profit of ₹ 8,190.86 crore, demonstrating a strong improvement from a net loss of ₹ 448.78 crore in Q2-FY25. The improvement was mainly attributed to better refinery margins and effective cost-control measures implemented across the organisation.

In Q2FY26, revenue from operations stood at ₹ 2,06,447.11 crore, up 3.9% year-on-year, but down 7% sequentially from ₹ 2,21,849.02 crore in the previous quarter. Indian Oil’s total income also increased to ₹ 2,07,091.44 crore, with total expenses decreasing to ₹ 1,96,699.02 crore, which demonstrates improved operational efficiency compared to previous quarters.

Profit before tax surged to ₹11,103.71 crore, compared to ₹8,750.48 crore in the previous quarter and a loss of ₹588.71 crore in Q2 FY25. Net profit climbed 20.3% sequentially, and the company’s basic and diluted EPS stood at ₹5.68, higher than ₹4.95 in Q1 FY26.

H1FY26 Performance

For the six months ended September 2025, Indian Oil reported:

• Revenue from operations: ₹4,28,296.13 crore (up 2.4% YoY)
• Net profit: ₹14,998.98 crore (vs ₹3,273.85 crore in H1FY25)
• Earnings per share: ₹10.62

Comprehensive Income and Equity Position

The company’s total comprehensive income for Q2FY26 stood at ₹7,705.25 crore, while income attributable to equity holders was ₹7,318.37 crore. Paid-up equity share capital remained steady at ₹14,121.24 crore, with other equity (excluding revaluation reserves) at ₹1,72,715.76 crore as of September 30, 2025.

Indian Oil Corporation Limited Share Price Update

Shares of Indian Oil Corporation Limited closed at ₹155.23, which is a 3.23% gain on Monday. Shares of Indian Oil Corporation Ltd (NSE: IOC, BSE: 530965) opened at ₹151.30 and traded between a high of ₹155.37 and a low of ₹151.13 during Monday’s session. The company’s market capitalisation stood at ₹2.19 lakh crore.

IOCL’s stock has a P/E ratio of 12.68 and offers a dividend yield of 1.93%, with a quarterly dividend payout of ₹0.75 per share. The stock’s 52-week range stands between ₹110.72 and ₹157.20.

Indian Oil Corporation Limited is India’s flagship energy enterprise, engaged in refining, pipeline transportation, marketing of petroleum products, natural gas, and petrochemicals. The company also has growing interests in renewable and sustainable energy segments. Its shares are listed on the BSE and NSE.

REF: https://nsearchives.nseindia.com/corporate/IOC_27102025161054_Results_Q2_2025_26_OCR_S.pdf

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