INDIAN OIL CORP (IOC)
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Nomura sees 42% upside on Indian Oil after Q2 earnings beat
Indian Oil shares in focus as Nomura sees 42% upside after strong Q2 earnings beat - Published OnNov 2, 2026 | 09:15 IST - Last Updated OnNov 2, 2026 | 09:15 IST Robust refining margins, sizable inventory gains, and reduced marketing losses drove a massive multi-fold surge in operating earnings, prompting Nomura to maintain its buy rating. Check how analysts view the firm's heavy capital expenditure plans for petrochemicals and green energy.
IOC, BPCL, HPCL swing to ₹30,106 crore Q2 profit
The three state-run fuel retailers reversed a year-earlier combined loss of ₹18,150 crore, with Indian Oil Corporation posting its highest-ever standalone quarterly net profit. Refining margin gains and inventory gains more than offset losses on fuel sales and a growing unpaid LPG subsidy bill, even as petrol and diesel prices stayed frozen since May. The ₹30,106 crore total equals nearly 39% of the trio's annual earnings.
Indian Oil Q2 net profit triples to ₹21,630 crore
Indian Oil experienced a remarkable surge in its net profit, which soared to ₹21,630 crore for the second quarter. This growth can be attributed to elevated pump prices and government subsidies for LPG sales. In contrast, the same quarter last year showcased a profit of only ₹7,610 crore.
Q2 results roundup: GAIL, IOC, Sun Pharma, BoB post profit gains
Q2 Results Today, 30th October 2026 Highlights: Top companies announcing their Q2 FY2026–27 results today, include Reliance Industries, Jio Platforms, Bank of Baroda, Bharat Electronics (BEL), Aarti Industries, Aditya Birla Capital, Ajanta Pharma, Dixon Technologies, Delhivery, Gail (India), Engineers India, Finolex Industries, Bharat Gears, Borosil Renewables, Dhanuka Agritech, Prataap Snacks, General Insurance Corporation of India (GIC Re), Indraprastha Gas (IGL), GE Vernova T&D India…
IOC Q2 net profit swings to ₹21,630 crore QoQ
IOC Q2 Results: Net profit swings to ₹21,630 crore QoQ; revenue at ₹2.50 lakh crore By:Jomy Jos Pullokaran October 30, 2026 | 16:50 IST - Published OnOct 30, 2026 | 16:47 IST - Last Updated OnOct 30, 2026 | 16:50 IST AI Summary A sharp rebound in operational profitability helped the state-owned refiner swing from a previous quarter loss to a massive net profit, supported by a significant expansion in core margins even as revenue softened slightly.
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Oil cos challenge Karnataka's claim of excess ethanol in petrol, question testing methodology - CNBC TV18
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