Indian Oil Corporation Limited (IOC) Q2 FY27 Financial Results: PAT ₹2,661 Cr & Revenue ₹1.41 L Cr

Investor Takeaways

Overall Tone: Cautious based on the numbers only.

Key Financial Highlights

What Changed

The filing reveals a sharp quarterly reversal in profitability for Indian Oil Corporation Limited. The company reported a standalone net loss of ₹2,661 crores for Q1 FY26-27, compared to a profit of ₹1,1378 crores in the immediately preceding quarter (Q4 FY25-26). This represents a deterioration of ₹3,800 crores in net profit on a sequential basis. Revenue remained stable at ₹141453 Cr during the quarter, indicating no significant top-line pressure. Operational metrics showed marginal improvement with OPM at 3.45% in Q1 FY26-27, up from 1.75% in Q2FY25 but down from 5.35% in Q4FY24. The company continues to execute its capex plan with a target of ₹32,700 crores for FY26-27, though the current quarter's loss raises questions about near-term profitability sustainability. The P/E ratio of 17.42 suggests moderate valuation relative to peers, but the recent loss may impact investor sentiment.

Peer Comparison

Indian Oil's P/E ratio of 17.42 is lower than Reliance Industries' 21.73 but higher than ONGC's 9.93 and Coal India's 9.54. The company's ROE and ROCE figures are not provided in the current filing, limiting direct comparison on efficiency metrics. Market capitalization places Indian Oil as a large-cap player, though significantly smaller than Reliance Industries.

Risks & Concerns

Quarterly Trend

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About Indian Oil Corporation Limited (IOC)

Oil Gas & Consumable Fuels · Petroleum Products · Listed on NSE

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