Indian Oil Returns to Profit with ₹7,818 Crore in Q2; Revenue at ₹2.06 Lakh Crore

Quarterly numbers from Indian Oil Corporation showed a sharp turnaround as consolidated net profit reached ₹7,817.55 crore for Q2FY26, reversing last year’s loss. Revenue increased 4% year-on-year to ₹2.06 lakh crore, aided by stronger refining margins and improved operational integration across marketing and pipelines. Management commentary highlighted disciplined opex, product mix optimization, and inventory management. Brokerages maintained constructive views on earnings visibility, citing a supportive crack spread backdrop. Balance-sheet metrics remained stable, with capex tracking guidance for the fiscal.