Indian Oil Corporation Reports Q2026 Results; Net Loss in Standalone Segment Amid Market Shifts
Indian Oil Corporation Limited (IOC) announced its unaudited financial results for the quarter ended June 30, 2026. The company reported a net loss in its standalone operations while detailing segment-wise performance and key financial health indicators across both the consolidated and individual operating segments.The results were reviewed by statutory auditors and reflect the operational status of the conglomerate during the quarter. IOC also provided disclosures regarding the utilization of funds raised from private placements, confirming no deviation in the use of proceeds for non-convertible unsecured debentures.
Financial Performance Overview
Standalone Results (Quarter ended June 30, 2026)The standalone results showed a decrease in net profit margin for the quarter. Key figures are as follows:
| Particular | Qtr Ended 30.06.2026 (Unaudited) | Qtr Ended 31.03.2026 (Audited) | Qtr Ended 30.06.2025 (Unaudited) |
|---|---|---|---|
| Revenue from Operations | 2,75,971.77 | 2,32,855.33 | 2,18,607.70 |
| Total Income | 2,76,356.92 | 2,34,485.22 | 2,19,220.85 |
| Net Profit/(Loss) for the Period | (2,662.37) | 11,377.51 | 5,688.60 |
| Operating Margin (%) | (0.74%) | 6.67% | 4.01% |
Consolidated Results (Quarter ended June 30, 2026)
The consolidated results indicated that the Group earned a net loss attributable to equity holders of the Parent for the period.
| Particular | Qtr Ended 30.06.2026 (Unaudited) | Qtr Ended 31.03.2026 (Audited) | Qtr Ended 30.06.2025 (Unaudited) |
|---|---|---|---|
| Revenue from Operations | 2,81,933.07 | 2,36,899.33 | 2,21,849.02 |
| Total Income | 2,82,379.02 | 2,38,674.29 | 2,22,032.27 |
| Net Profit/(Loss) attributable to Equity holders of the Parent | (1,630.74) | 14,458.08 | 6,813.71 |
| Operating Margin (%) | (0.12%) | 8.40% | 4.61% |
Segment Performance Analysis
The company reported segment-wise results for the quarter ending June 30, 2026, covering Petroleum Products, Petrochemicals, Gas, and Other Business Activities.Standalone Segment Results Summary (Q ended 30.06.2026)
| Segment | Revenue from Operations | Profit/ (Loss) Before Tax |
|---|---|---|
| Petroleum Products | (2,872.56) | 19,218.72 |
| Petrochemicals | 216.85 | 1,209.13 |
| Gas | 526.05 | (1,145.26) |
| Other Business Activities | (2.47) | (94.50) |
Consolidated Segment Results Summary (Q ended 30.06.2026)
| Segment | Revenue from Operations | Profit/ (Loss) Before Tax |
|---|---|---|
| Petroleum Products | (1,705.02) | 21,664.95 |
| Petrochemicals | 216.85 | 1,209.13 |
| Gas | 526.05 | (1,145.26) |
| Other Business Activities | 624.57 | 20.70 |
Financial Health Indicators
The results provided a snapshot of the company's financial standing, including various ratios and balance sheet metrics.Key Financial Ratios (Q ended June 30, 2026)
| Metric | Standalone Ratio | Consolidated Ratio |
|---|---|---|
| Debt Equity Ratio (Times) | 0.71 | 0.69 |
| Net Worth (in Crore) | 1,98,066.87 | 2,14,093.42 |
| Current Ratio (Times) | 0.72 | 0.76 |
| Total Debts to Total Assets (Times) | 0.27 | 0.27 |
Debt and Buffer Status
Regarding the utilization of funds raised through private placements, a statement confirmed that there is no deviation or variation in the use of proceeds for Non-Convertible Debentures. The funds were utilized for refinancing existing borrowings and/or funding Capital Expenditure.Additionally, IOC reported that there is no default in the payment of outstanding Loans or revolving facilities, Unlisted debt securities. The company noted a cumulative net negative buffer amounting to 29,729.95 crores relating to Market Determined Price (MDP) of LPG cylinders being less than its Effective Cost to Customer (ECC).
Supporting Information
The results also provided insights into the collective operations, noting that out of 24 joint operations where IOC is not an operator, eight blocks have been relinquished. The company noted that due to the non-availability of Independent Directors, certain committees were discontinued and had not been reconstituted during the reporting period.IOC Stock Price Movement
Indian Oil Corporation Limited today edged higher in the post-market session, gaining 0.04% to close at ₹140.17. The stock traded on a volume of 9.63 million shares as it settled for the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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