Indian Oil Corporation Reports Q2 FY27 Unaudited Financial Results
Indian Oil Corporation reported strong Q2 FY27 results with a Profit Before Tax of ₹26,616.62 crore and Net Profit After Tax of ₹21,630.03 crore. This marks a significant improvement from the previous quarter and year-ago period. The company also confirmed no deviation in the use of debenture proceeds and no defaults on loans.
The announcement pertains to the financial results of a major public sector undertaking, directly impacting investor sentiment and potentially influencing stock performance due to the significant profit growth reported.
The company reported a substantial increase in profit before tax and net profit after tax for the quarter and half-year ended September 30, 2026, compared to the previous year and quarter, indicating strong financial performance.
Indian Oil Corporation Limited (IOC) has announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The Board of Directors approved these results in a meeting held on October 30, 2026.
For the quarter ended September 30, 2026, the company reported a Profit Before Tax of ₹26,616.62 crore and a Net Profit After Tax of ₹21,630.03 crore. This contrasts with a loss before tax of ₹3,274.30 crore and a net loss of ₹2,661.37 crore in the previous quarter (ended June 30, 2026). Compared to the same quarter in the previous year (ended September 30, 2025), the profit before tax increased from ₹10,065.57 crore to ₹26,616.62 crore, and net profit after tax rose from ₹7,610.45 crore to ₹21,630.03 crore.
For the half-year ended September 30, 2026, the company posted a Profit Before Tax of ₹23,342.32 crore and a Net Profit After Tax of ₹18,968.66 crore. This shows an improvement from the ₹17,470.48 crore profit before tax and ₹13,295.05 crore net profit after tax for the corresponding period in the previous year.
The company also submitted disclosures related to the use of proceeds from listed non-convertible unsecured debentures, indicating no deviation or variation for the quarter ended September 30, 2026. A nil report was provided for security cover, and there are no defaults in the payment of outstanding loans or debt securities.
Physical performance metrics for the quarter include product sales of 23.977 MMT domestically and 1.251 MMT for exports. Refinery throughput stood at 18.108 MMT, and pipeline throughput was 25.348 MMT.
The Board meeting commenced at 1:00 PM and concluded at 3:45 PM on October 30, 2026. The company also noted that due to the non-availability of independent directors, the Audit Committee and other mandatory committees were discontinued from March 28, 2026.
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Indian Oil Corporation Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Indian Oil Corporation Limited. Read the original for the full detail.