IOC profit surges 4,128% in Q2 FY26 jump
Indian Oil Corporation earned 7,610.5 crore rupees between July and September, a 4,128 percent jump from the same months last year when profit reached just 180 crore rupees. The state-owned refiner announced results on Monday showing revenue climbed 4 percent to 2.03 lakh crore rupees as fuel sales stayed strong and refining margins improved.
The company reduced losses on cooking gas sales while boosting retail revenue across India. Shares rose 3.23 percent to close at 155.20 rupees on the Bombay Stock Exchange after the announcement.
The stock has gained nearly 12 percent this year and trades close to its 52-week peak of 157.20 rupees reached on Oct. 9. Market value stood at 2.18 lakh crore rupees as of Monday.
