Indian Oil reported an 82.8 per cent YoY profit growth in the first quarter of FY26. The public sector company reported a consolidated net profit of Rs 6,808 crore in Q1 FY26 against a profit of Rs 3,722 crore in Q1 FY25.
While Indian Oil saw a massive profit jump in the quarter, its revenue grew by just 0.9 per cent in the quarter. The company reported a consolidated revenue of Rs 2,21,849 crore in Q1 FY26, while the revenue in the same quarter of the corresponding year was Rs 2,19,864 crore.
The company’s profit margin almost doubled YoY in the quarter. Indian Oil’s profit margin in Q1 FY25 was at 1.69 per cent, which improved to 3.07 per cent in Q1 FY26. However, on a quarter-on-quarter basis, the company’s margin has seen a decline as it was at 3.78 per cent in Q4 FY26.
Segment-wise performance
Petroleum products, which form the bulk of the company’s portfolio, reported a 0.93 per cent YoY revenue growth in the quarter. The segment’s revenue stood at Rs 2,08,356 crore in the quarter.
Natural Gas, the second largest revenue contributor to the company, also posted a muted revenue growth of 0.7 per cent. The gas segment reported a revenue of Rs 10,309 crore in Q1 FY26.
Indian Oil’s petrochemical vertical posted a revenue of Rs 6,764 crore in Q1 FY26, declining 0.37 per cent YoY.