Indian Oil Corporation Limited has released its unaudited financial results for the second quarter and half-year ended September 30, 2026. The investor handout highlights key financial figures, including Profit Before Tax (PBT) and Profit After Tax (PAT) for the respective periods. The results are available on the company’s website for stakeholders.
Indian Oil Corporation Limited: Q2 FY27 Financial Highlights
Indian Oil Corporation Limited has officially disseminated its unaudited financial results for the quarter and half-year concluding on September 30, 2026. This disclosure provides investors and stakeholders with crucial insights into the company’s financial performance during this period.
Standalone Financial Performance
The standalone financial highlights reveal key metrics for Q2 FY26-27 and Q1 FY26-27. For the quarter ended September 30, 2026, Profit Before Tax (PBT) stood at ₹26,617 crore, with Profit After Tax (PAT) at ₹21,630 crore. EBITDA Contribution was reported at ₹32,998 crore. Exchange fluctuation resulted in a loss of ₹159 crore on Crude Liability and ₹507 crore on other liabilities. Interest expenditure amounted to ₹2,364 crore, while interest income was ₹386 crore. The Debt Level was ₹116,578 crore, and the GRM (US$/bbl) net of SAED was 18.52.
Comparison with Previous Quarter
In comparison, for the quarter ended June 30, 2026 (Q1 FY26-27), PBT was (₹3,274 crore) and PAT was (₹2,661 crore). EBITDA Contribution for Q1 FY26-27 was ₹2,332 crore. Exchange fluctuation resulted in a loss of ₹182 crore on Crude Liability and a gain of ₹81 crore on other liabilities. Interest expenditure was ₹1,610 crore, with interest income at ₹252 crore. The Debt Level was higher at ₹141,453 crore, and the GRM (US$/bbl) net of SAED was 15.59.
Operational Performance Overview
The operational highlights for Q2 FY26-27 showcase various performance metrics across Refinery, Pipeline, and Marketing Operations. Refinery throughput was 18.1 MMT with a capacity utilization of 102.3%. Pipeline throughput stood at 25.3 MMT with a capacity utilization of 64.3%. Marketing operations reported Total Sales (a+b+c) of 25.228 MMT.
Financial Differentiators
The company’s financial differentiators over the years (FY22-FY26) show a steady increase in Revenue from Operations, reaching ₹8,68,224 crore in FY26. Total Equity also saw growth, standing at ₹2,04,544 crore in FY26. Net Profit and Dividend Payout Ratio also indicate financial health, with Net Profit at ₹36,802 crore in FY26. EBITDA has remained strong, reaching ₹73,718 crore in FY26.
Capex and Major Projects
An update on Capex and Major Projects as of September 30, 2026, details ongoing expansions and new facilities. Major projects include expansions at Panipat, Gujarat, and Barauni refineries, with physical progress rates ranging from 90.1% to 95.0%, most expected to complete by December 2026. Segment-wise Capex incurred during H1 FY26-27 (Provisional) was ₹12,162 crore, with a Capex Target of ₹32,700 crore for FY 2026-27.
The full investor handout, providing detailed financial figures and operational data, is available on the company’s official website at www.iocl.com.
Source: BSE
