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Quarterly Results

IOC · Indian Oil Corporation Limited · BSE · Filed 31 Jul · 1 min read

IndianOil Swings Back to Profit in June 2026 Quarter

The state refiner's investor handout for Q1 FY2026-27 shows a return to profit after a loss in the preceding March quarter, with several refinery expansions nearing commissioning.

What was filed

IndianOil filed an investor handout summarising its unaudited standalone financial results for the quarter ended 30 June 2026 (Q1 FY2026-27). Dated 31 July 2026, the handout presents key financial and operational figures against the immediately preceding quarter (Q4 FY2025-26), and notes the full results are also available on the company's website.

The quarter in brief

Per the filing, the quarter delivered a positive profit before tax and profit after tax, reversing the losses reported for the March 2026 quarter. The handout also details refinery throughput, capacity utilisation and marketing sales volumes for both quarters, allowing a period-on-period read across the company's core refining and marketing operations. On its multi-year trend slides, the company flags that marketing margins had suppressed net profit in an earlier year.

Capex and projects update

The handout carries a project status snapshot as on 30 June 2026. Several large refinery expansions — including Panipat, Gujarat and Barauni — are shown at physical progress above 88%, with commissioning dates flagged through late 2026. The company also reported provisional segment-wise capital expenditure for the quarter against its full-year target, giving holders a view of how the year's investment programme is tracking.

Profit Before Tax (Q4
₹(3,274) → ₹15,322 crQ4 FY26 → Q1 FY27
Profit After Tax (Q4
₹(2,661) → ₹11,378 crQ4 FY26 → Q1 FY27
EBITDA (Q4
₹22,345 → ₹22,332 crQ4 FY26 → Q1 FY27−0%
Refinery throughput (Q4
19.7 MMT → 19.2 MMTQ4 FY26 → Q1 FY27−3%
Capex incurred (Q1 FY2026-27, total)
₹6,461 crore
Capex target (FY2026-27)
₹32,700 crore
Panipat Refinery Expansion physical progress
94.0%

‡ Computed by us from the filing’s own figures — not a company-stated number.

For a holder, the handout is the first quarterly read on IndianOil's FY2026-27 earnings and shows the company returning to profit after the loss reported for the March quarter; the project progress figures indicate several major refinery expansions are approaching their stated commissioning windows.

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