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- Indian Oil Turns Profitable From Loss In A Year, Reports ₹7,817 Crore Net Profit In Q2FY26, Revenue Up 4%
New Delhi6 minutes ago
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State-run oil company Indian Oil Corporation (IOC) has reported a profit of Rs 7,817 crore in the second quarter (Q2FY26) of the financial year 2025-26. The company has now turned from loss to profit as compared to the same quarter last year.
The country’s largest oil company had suffered a loss of Rs 169 crore in the second quarter of the financial year 2024-25 (Q2FY25). Indian Oil Corporation on Monday (October 27) released its July-September quarter (Q2FY26, second quarter) results.
Revenue increased by 4% to ₹2.06 lakh crore
IOC has earned a total of Rs 2.07 lakh crore in the second quarter of the financial year 2025-26 (Q2FY26). This has increased by 4.02% compared to last year. In the same quarter last year, the company had earned Rs 1.99 lakh crore.
In the second quarter, Indian Oil generated revenue of Rs 2.06 lakh crore from operations. It has increased by 4.04% on annual basis. The company’s revenue in the same quarter last year was Rs 1.98 lakh crore.
IOC will comply with all applicable sanctions
Meanwhile, IOC has refused to give a direct answer on the matter of purchasing oil from Russia. Company Chairman Arvinder Singh Sahni said that the IOC will comply with all applicable sanctions imposed by the international community.
Indian Oil shares rose 14% in six months
Indian Oil shares closed 3.23% higher at Rs 155.23 today. It has increased by 1% in the last 5 days, 4% in 1 month and 14% in six months.
IOC shares have given a return of 6% in the last one year. At the same time, the company’s shares have risen 13% since January 1 this year. The market cap of the company is Rs 2.19 lakh crore.
Indian Oil was formed in 1964, this Maharatna company
Indian Oil is a Maharatna National Oil Company. It was formed in 1964 with the merger of Indian Oil Company Limited and Indian Refineries Limited.
Indian Oil Group owns 11 of India’s 23 refineries. Indian Oil also has subsidiary companies in Sri Lanka, Mauritius, UAE, Sweden, USA and Netherlands.
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