Mumbai, Oct 27 (NationPress) The state-owned Indian Oil Corporation (IOC) has announced an impressive performance for the second quarter of the fiscal year 2025-26 (Q2 FY26), with its consolidated net profit surging 4,128 percent to Rs 7,610.5 crore.

This marks a remarkable recovery compared to the same quarter last fiscal year (Q2 FY25), when the company reported a mere profit of only Rs 180 crore, as per its filing with the stock exchange.

During this quarter, IOC experienced growth in both profitability and operating income. The lower baseline from the previous year, attributed to an extraordinary item, significantly aided the bottom line, the company noted in its filing.

On a sequential basis, IOC’s net profit for the quarter ending September saw a rise of 33.8 percent, up from Rs 5,689 crore in the preceding quarter.

IOC’s operational revenue grew by 4 percent year-on-year (YoY), reaching Rs 2.03 lakh crore in Q2 FY26, buoyed by increased refining margins and stable fuel demand nationwide.

Industry experts have indicated that increased domestic retail sales, enhanced margins, and diminished under-recoveries on LPG sales were instrumental in driving the bottom line for the quarter ending September 30.

In response to the results, IOC shares closed at 3.23 percent higher, priced at Rs 155.20 on the Bombay Stock Exchange (BSE), nearing the day’s peak of Rs 155.35.

Earlier in the day, the stock had risen nearly 3 percent ahead of the results, reaching an intra-day high of Rs 154.45.

This Maharatna PSU stock has demonstrated a consistent upward trajectory this year, climbing 11.67 percent year-to-date (YTD) and roughly 13.23 percent over the past six months.

In the preceding month, the stock gained 3.51 percent and is currently near its 52-week high of Rs 157.20, which was achieved on October 9.

As of October 27, IOC’s market capitalization stood at Rs 2,17,777.74 crore, reflecting investor confidence in the company’s robust financial outcomes and ongoing growth prospects.