Indian Oil's Q2 net profit tripled year-over-year to 21,630 crore.
Context
What happened: Indian Oil reported net profit of ₹21,630 crore for the second quarter, up from ₹7,610 crore in the same quarter last year, driven by elevated pump prices and government subsidies for LPG sales.
Key numbers: Net profit ₹21,630 crore versus ₹7,610 crore a year earlier. Operational revenue rose 29% to ₹2,62,935 crore. Operating profit from petroleum product sales more than doubled.
Why it matters: Operating profit from petroleum product sales more than doubled, and revenue grew 29%, reflecting stronger earnings across the company's core fuel business.
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What changed
Indian Oil reported net profit of ₹21,630 crore for the second quarter, up from ₹7,610 crore in the same quarter last year, driven by elevated pump prices and government subsidies for LPG sales.
Why it matters
Operating profit from petroleum product sales more than doubled, and revenue grew 29%, reflecting stronger earnings across the company's core fuel business.
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Oct 31, 2026 09:08 AM ET