October 31, 2026: Oil Corporation reported a sharp improvement in its September-quarter earnings, with standalone net profit rising to Rs 216.30 billion from a loss of Rs 26.61 billion  in the preceding quarter. The profit figure was significantly higher than the market estimate of Rs 62.68 billion.

The state-run oil marketing company's revenue stood at Rs 2500 billion, broadly in line with analysts' estimates of Rs 2500 billion. However, revenue declined 4.6% sequentially from Rs 2620 billion in the June quarter. Operating performance also saw a substantial improvement. Indian Oil's Ebitda surged to Rs 302.97 billion in the September quarter, compared with Rs 19.47 billion in the previous quarter. The figure was considerably higher than the estimate of Rs 116 billion.

The company's Ebitda margin expanded to 12.1% from 0.7% in the June quarter, reflecting a sharp improvement in operating profitability.

Indian Oil Corporation Q2 Result Highlights (QoQ)

• Net Profit stands at Rs 216.30 billion versus net loss of Rs 26.61 billion (significantly above estimate of Rs 62.68 billion).
• Revenue declines 4.6% at Rs 2500 billion versus Rs 2620 billion (in line with estimate of Rs 2500 billion).
• EBITDA stands at Rs 302.97 billion versus Rs 19.47 billion (significantly above estimate of Rs 116 billion).
• EBITDA Margin up 1,140 Bps at 12.1% versus 0.7%

(Source: NDTV)