Indian Oil Corporation's Q2 FY 2025-26 Quarterly Results

Result Summary

• Indian Oil Corporation Ltd reported a 7.1% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 2.0%.
• Its expenses for the quarter were down by 8.9% QoQ and 5.3% YoY.
• The net profit increased 20.3% QoQ and decreased 1925.1% YoY.
• The earnings per share (EPS) of Indian Oil Corporation Ltd stood at 5.68 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Indian Oil Corporation Ltd is one of India's largest oil and gas companies. It primarily operates in the downstream sector of the petroleum industry, which includes refining, marketing, and distribution of petroleum products. The company is a major player in the energy sector, contributing significantly to India's energy needs through its vast network of refineries and distribution channels. Indian Oil Corporation Ltd also engages in petrochemicals, natural gas, and alternative energy resources, expanding its portfolio to adapt to changing energy dynamics. Recent developments in the company often focus on expanding its refining capacity and diversifying into new energy sources, although specific recent developments are not available in the provided data.

Revenue

In the second quarter of the fiscal year 2026, Indian Oil Corporation Ltd reported a total income of ₹179,272.48 crores. This marks a decrease of 7.1% compared to the previous quarter (Q1FY26) where the total income was ₹192,923.90 crores. On a year-over-year basis, the company saw a slight increase of 2.0% compared to the total income of ₹175,699.37 crores in Q2FY25. The quarter-over-quarter decline in total income suggests a decrease in revenue generation as compared to the first quarter of FY26, while the year-over-year increase reflects a modest growth in income from the second quarter of the previous fiscal year.

Profitability

The profitability of Indian Oil Corporation Ltd in Q2FY26 shows a significant turnaround from the losses experienced in Q2FY25. The company reported a profit before tax of ₹10,392.42 crores, a substantial increase of 36.7% from ₹7,602.03 crores in Q1FY26. Comparatively, in Q2FY25, the company had reported a loss before tax of ₹1,263.86 crores. This improvement in profitability is also evident in the profit after tax, which rose to ₹8,190.86 crores in Q2FY26 from ₹6,808.12 crores in Q1FY26, marking a quarter-over-quarter increase of 20.3%. Year-over-year, this represents a dramatic increase from a loss of ₹448.78 crores. The earnings per share (EPS) for Q2FY26 was ₹5.68, reflecting an increase of 14.7% from ₹4.95 in Q1FY26, and an improvement from the negative EPS of ₹-0.12 in Q2FY25.

Operating Metrics

The financial data reveals that Indian Oil Corporation Ltd managed to reduce its total expenses in Q2FY26 compared to both the previous quarter and the same period of the previous year. Total expenses were ₹168,871.82 crores in Q2FY26, which is a decrease of 8.9% from ₹185,321.95 crores in Q1FY26 and a 5.3% decrease from ₹178,290.41 crores in Q2FY25. The reduced expenses likely contributed to the improved profit margins observed in the current quarter. The tax expense for the quarter stood at ₹2,912.85 crores, a 50.0% increase from Q1FY26's tax of ₹1,942.36 crores, and a significant change from a negative tax figure in Q2FY25, which indicates a recovery from a loss-making position to a profitable one.