Indian Oil Corporation Limited (IndianOil) reported consolidated revenue from operations of ₹2,68,039.38 crore in Q2 FY27, an increase of around 29.8% year on year (YoY). Consolidated net profit rose to ₹22,502.62 crore from ₹8,190.86 crore in Q2 FY26. The results for the quarter ended 30 September 2026 were approved by the company’s Board on 30 October 2026.
IndianOil’s Q2 FY27 Earnings
| Financial Metric | Q2 FY27 | Q2 FY26 | YoY Change |
|---|---|---|---|
| Consolidated Revenue from Operations | ₹2,68,039.38 crore | ₹2,06,447.11 crore | +29.8% |
| Consolidated Net Profit | ₹22,502.62 crore | ₹8,190.86 crore | +174.7% |
| Basic and Diluted EPS | ₹15.54 | ₹5.68 | — |
IndianOil’s consolidated revenue and net profit increased compared with the corresponding quarter last year. The company also moved back to profitability after reporting a consolidated net loss of ₹1,141.09 crore in Q1 FY27.
Business Performance & Key Metrics
IndianOil’s Q2 FY27 performance reflects activity across its refining, pipeline, petroleum products, petrochemicals and gas businesses. The following table brings together key financial and operating disclosures.
| Operating Metric | Q2 FY27 | Reference |
|---|---|---|
| Consolidated Revenue from Operations | ₹2,68,039.38 crore | +29.8% YoY |
| Consolidated Net Profit | ₹22,502.62 crore | +174.7% YoY |
| Profit Attributable to Equity Holders | ₹21,407.87 crore | Q2 FY27 |
| Government Compensation Recognised for LPG Under-recoveries | ₹7,243.02 crore | April–September 2026 |
| Domestic Product Sales | 23.977 MMT | Q2 FY27 |
| Export Sales | 1.251 MMT | Q2 FY27 |
| Refinery Throughput | 18.108 MMT | Q2 FY27 |
| Pipeline Throughput | 25.348 MMT | Q2 FY27 |
| Consolidated Debt-Equity Ratio | 0.53x | As of 30 September 2026 |
Share Price Reaction After Q2 FY27 Results
IndianOil’s Q2 FY27 results were approved at a Board meeting that concluded at 3:45 pm on 30 October 2026. The company’s exchange filing was dated 30 October.
| Share Price Metric | Value |
|---|---|
| Previous Trading Session Close (29 October 2026) | ₹130.41 |
| 30 October 2026 Close | ₹129.38 |
| Change on 30 October | -0.79% |
| 30 October Trading Range | ₹129.05–₹130.00 |
IndianOil vs Other Oil and Gas Stocks
| Company | Q2 FY27 Consolidated Net Profit |
|---|---|
| Indian Oil Corporation Limited | ₹22,502.62 crore |
| Bharat Petroleum Corporation Limited | ₹4,863.05 crore |
| Hindustan Petroleum Corporation Limited | ₹3,625 crore |
IndianOil reported a higher consolidated net profit than BPCL and HPCL in Q2 FY27. However, differences in refining margins, product mix, inventory effects and government compensation can influence quarterly earnings. Profit figures alone do not provide a complete basis for comparing the companies.
IndianOil’s Quarterly Financial Performance
| Quarter | Consolidated Revenue from Operations | Consolidated Net Profit | Performance Highlight |
|---|---|---|---|
| Q2 FY27 | ₹2,68,039.38 crore | ₹22,502.62 crore | Revenue +29.8% YoY; profit +174.7% YoY |
| Q1 FY27 | ₹2,81,993.07 crore | -₹1,241.09 crore | Reported a consolidated net loss |
| Q2 FY26 | ₹2,06,447.11 crore | ₹8,190.86 crore | Base quarter for YoY comparison |
IndianOil’s revenue declined sequentially in Q2 FY27 compared with Q1 FY27, while its consolidated net profit returned to positive territory. The year-on-year increase in profit was substantial, although the recognised LPG compensation is an important part of the earnings context.
Key Takeaways from IndianOil Q2 FY27 Results
- Consolidated revenue: ₹2,68,039.38 crore, up around 29.8% YoY.
- Consolidated net profit: ₹22,502.62 crore, up around 174.7% YoY.
- Sequential performance: The company returned to consolidated profitability after reporting a loss in Q1 FY27.
- LPG compensation: ₹7,243.02 crore was recognised for the April–September 2026 period.
- Refinery throughput: 18.108 million metric tonnes during Q2 FY27.
- Domestic product sales: 23.977 million metric tonnes during the quarter.
- Debt-equity ratio: 0.53x on a consolidated basis as of 30 September 2026.
Investors tracking IndianOil’s performance may also monitor refining and marketing margins, crude oil prices, inventory changes, fuel demand, LPG compensation and capital expenditure. These factors can influence the company’s future financial performance.
Disclaimer
The information provided above is for informational and educational purposes only. It should not be considered investment advice, a recommendation to buy or sell Indian Oil Corporation shares, or a guarantee of future performance. Financial and operational figures are based on the company’s integrated filing for the quarter and half year ended 30 September 2026. Share-price information is based on market data available for 30 October 2026. Investors should refer to IndianOil’s official disclosures and stock exchange filings for the latest information.
