{"id":14990,"date":"2025-10-27T19:04:18","date_gmt":"2025-10-27T13:34:18","guid":{"rendered":"https:\/\/www.torusdigital.com\/toruscope\/?p=14990"},"modified":"2025-12-05T11:50:05","modified_gmt":"2025-12-05T06:20:05","slug":"indian-oil-corporation-q2-fy26-results-profit-climbs-to-7817-crore-revenue-grows-3-9-yoy","status":"publish","type":"post","link":"https:\/\/www.torusdigital.com\/toruscope\/quarterly-results\/indian-oil-corporation-q2-fy26-results-profit-climbs-to-7817-crore-revenue-grows-3-9-yoy\/","title":{"rendered":"Indian Oil Corporation Q2 FY26 Results: Profit Climbs to \u20b97,817 Crore, Revenue Grows 3.9% YoY"},"content":{"rendered":"

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Indian Oil Corporation Ltd (IOCL)<\/a>, India\u2019s largest state-run refiner, has posted a robust turnaround in its second-quarter financial results for FY26 on October 27, 2025. The company reported a consolidated net profit of \u20b97,817.55 crore for the July\u2013September period, marking a remarkable recovery from a net loss of \u20b9169.58 crore in the same quarter last year. The improvement was supported by stronger refining margins and stable revenue growth.<\/p>\n

<\/span>Revenue Growth and Profit Surge<\/strong><\/span><\/h2>\n

For the second quarter of FY26, IOCL\u2019s total income rose nearly 4% year-on-year to \u20b92.07 lakh crore, compared with \u20b91.99 lakh crore in the same period last year. Revenue from operations stood at \u20b92.06 lakh crore, reflecting a 3.9% year-on-year increase from \u20b91.98 lakh crore.<\/p>\n

On a sequential basis, the company\u2019s net profit rose 14.7% from \u20b96,813.71 crore reported in the April\u2013June quarter of FY26, highlighting consistent operational performance and improved efficiency.<\/p>\n

<\/span>Refining Margins and Operational Efficiency<\/strong><\/span><\/h2>\n

The company\u2019s profitability was driven by higher gross refining margins (GRMs) amid softer international crude oil prices. IOCL earned an impressive $19.6 on every barrel of crude oil processed in Q2 FY26, a sharp improvement compared to $2.15 in Q1 FY26 and $1.59 in Q2 FY25.<\/p>\n

For the first half of FY26, the average GRM rose to $6.32 per barrel from $4.08 in the previous year. The September quarter margin stood at $10.6 per barrel, reflecting the company\u2019s effective refining operations and favourable pricing environment.<\/p>\n

The refiner processed 17.609 million metric tonnes (MMT) of crude oil during the quarter, up from 16.738 MMT a year earlier, underlining improved throughput and capacity utilisation across its refining network.<\/p>\n

<\/span>Cost Management and Expense Control<\/strong><\/span><\/h2>\n

Total expenses during the quarter came in at \u20b91.96 trillion, lower than \u20b92.01 trillion in the same period last year and \u20b92.14 trillion in the preceding quarter. This reduction in costs contributed to higher operating margins and reinforced IOCL\u2019s strategic focus on efficiency.<\/p>\n


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