IOC Q1 FY26 Results: Indian Oil Corporation (IOC) — a public sector oil marketing company (OMC) — on Thursday reported a net profit of Rs 5,688.6 crore for the quarter ended June 30, marking a 21.7 per cent quarter-on-quarter fall that was worse than analysts’ expectations.
IOC Q1 FY26 Earnings | How top line and bottom line fared vs estimates
The PSU oil giant’s revenue came in at Rs 2,18,607.7 crore for the first quarter of the current financial year, as against Rs 2,17,725.4 crore for the previous three months, according to a regulatory filing.
According to Zee Business research, IOC was estimated to register a net profit of Rs 8,452 crore and revenue of Rs 1.8 lakh crore for the April-June period.
The PSU registered a 1.5 per cent sequential rise in domestic sales to 24.973 MMT, according to a statement.
How IOC performed operationally
The oil marketing company’s operating profit declined 7.1 per cent sequentially to Rs 12,607 crore.
Its margin — a key measure of profitability — came in at 6.5 per cent for the June quarter, sliding from 7.0 per cent the previous quarter.
The company’s average gross refining margin (GRM) — a key measure of profitability for oil refiners — came in at $2.15 per barrel, lower than $6.39 per barrel a year ago.
IOC said its core GRM — also referred to as the current price GRM — stood at $6.91 per barrel.
IOC shares vs Nifty 50 vs Nifty Oil & Gas
Indian Oil shares remained under pressure after the earnings announcement, falling as much as 1.7 per cent to Rs 140 apiece on BSE, in a sluggish Mumbai market.
At the current level, the IOC stock has risen 2.6 per cent in 2025 so far, in line with gains of 3.8 per cent and 2.5 per cent in the Nifty 50 and Nifty Oil and Gas indices, respectively.
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