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Indian Oil Q2 FY26 Results: Indian Oil Corporation Limited (IOCL) has reported a strong set of numbers for the quarter ended September 30, 2025 (Q2 FY26), showing a rebound in profitability and steady revenue growth compared to the same period last year.

The company posted a net profit of Rs 8,190.86 crore in Q2 FY26, compared with a net loss of Rs 448.78 crore in the same quarter last year.

On a sequential basis, profit rose about 20 per cent from Rs 6,808.12 crore reported in Q1 FY26.

IOC’s revenue from operations stood at Rs 2,06,447.11 crore, up 4 per cent year-on-year compared to Rs 1,98,615.80 crore in the corresponding quarter last year.

However, revenue was down 6 per cent sequentially from Rs 2,21,849.02 crore in Q1 FY26, reflecting softer crude oil prices and lower product realisations.

Total income during the quarter came in at Rs 2,07,091.44 crore, rising 3.9 per cent from Rs 1,99,339.05 crore in Q2 FY25, though down from Rs 2,22,432.27 crore in the previous quarter.

Total expenses were Rs 1,96,699.02 crore, marginally lower than Rs 2,01,760.21 crore in Q2 FY25. The cost of materials consumed was Rs 1,03,246.05 crore compared to Rs 1,07,661.26 crore last year, a decline of 4.1 per cent.

Finance costs dropped slightly to Rs 2,269.69 crore from Rs 2,374.00 crore a year ago, while employee benefits expense rose 10.7 per cent year-on-year to Rs 2,902.71 crore.

IOC reported a profit before tax (PBT) of Rs 11,103.71 crore, compared to a loss of Rs 588.71 crore in the same period last year.

For the first half of FY26 (April–September 2025), the company posted a net profit of Rs 14,631.62 crore, significantly higher than Rs 3,358.91 crore in H1 FY25, an impressive 336 per cent year-on-year growth.

Anubhav Maurya is a Senior Sub-Editor at Zee Business, focusing on the stock market, personal finance, corporate news, and related sectors.

He has previously worked wi