Indian Oil Corporation reports strong Q2 FY26 financial and operational performance

Indian Oil Corporation Limited has released its Q2 FY 2025-26 standalone financial highlights, reporting a significant increase in profitability. Profit Before Tax (PBT) for the quarter stood at INR 10,066 Cr, a substantial rise compared to INR 7,405 Cr in Q1 FY 2025-26. Profit After Tax (PAT) also saw a healthy increase to INR 7,610 Cr from INR 5,689 Cr in the previous quarter. EBITDA Contribution for Q2 was INR 16,106 Cr. The company's Gross Refining Margin (GRM) improved considerably to US$10.66/bbl in Q2 from US$2.15/bbl in Q1.

Operationally, the company's refinery throughput for Q2 FY 2025-26 was 17.6 MMT with a capacity utilization of 99.5%. Distillate Yield was 79.3%, and the utilization of high sulphur crude stood at 54.0%. Pipeline operations recorded a throughput of 24.1 MMT, with a capacity utilization of 66.7%.

In marketing operations, total sales (including petroleum products, other products, and petrochemicals) reached 24.262 MMT in Q2 FY 2025-26. Inland sales of petroleum products were 20.192 MMT, with LPG contributing 3.932 MMT, MS 4.043 MMT, and HSD 8.302 MMT. Exports of petroleum products were 1.385 MMT. The company also reported 1.840 MMT in Gas sales and 0.744 MMT in domestic petrochemical sales for the quarter.