IOC share price jumps 1.5% to 52-week high after 42 times jump in Q2 profit. Time to buy?

IOC share price: Shares of Maharatna public sector undertaking (PSU) Indian Oil Corporation (IOC) extended gains to Tuesday's trading session following a robust performance for the quarter ended September 30.

IOC share price rose 1.5% to its 52-week high of ₹157.50 on the BSE in early trade today — a day after the company posted a massive 42 times surge in its Q2 bottomline.

The oil marketing company's profit stood at ₹7,610 crore for the second quarter of the fiscal year 2025-26 (FY26), as against ₹180 crore in the same period a year ago, resulting in a 4,128% year-on-year (YoY) rise.

IOC chairman Arvinder Singh Sahney told reporters that the net profit was higher mainly because of operational efficiencies and six-quarter high refining margins, as per a PTI report.

Revenue from operations jumped 4% YoY to ₹2,02,992.34 crore in Q2 FY26, as compared to ₹1,95,148.9 crore in the same period a year ago.

More to come…

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