Indian Oil Corporation stock gains 0.84 percent after Q2 filing

Published on 10/07/2026 at 03:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Indian Oil Corporation stock was last at INR 131.60 on October 6, 2026. Q1 FY27 revenue reached INR 2.66 trillion, while net income was negative INR 11.41 billion.

IOCL, INE242A01010, Illustration mit AI erstellt.

Indian Oil Corporation (ISIN INE242A01010) was last at INR 131.60 on the NSE on October 6, 2026 at 3:15 p.m. IST, up 0.84 percent on the session. The company filed a Q2 FY27 compliance certificate on October 5, 2026, covering the quarter ended September 30, according to PSU Connect.

Q2 filing keeps the date close

The filing confirmed that securities processed for dematerialization during the quarter were reconciled with the depositories and that the listed securities remained eligible for trading, PSU Connect reported. The update is procedural, placing the next earnings report and the recovery in refining margins at the center of the stock story.

Revenue rose as profit reversed

Indian Oil's Q1 FY27 revenue grew 27.9 percent quarter over quarter to INR 2.66 trillion, while the company posted a net loss of INR 11.41 billion, according to StockFin. The result marked a sharp reversal from net profit of INR 151.76 billion in the March 2026 quarter, while operating margin moved from 9.2 percent to negative 0.1 percent, the same analysis showed.

For investors, the contrast matters more than the revenue increase: higher sales have yet to produce stable quarterly earnings. The Q1 loss also leaves the stock sensitive to crude costs, fuel marketing margins and the pace of improvement in the July to September quarter.

Analysts split the Q2 view

In a Q2 preview published on October 6, 2026, ETEnergyWorld reported that Elara Capital expects adjusted PAT of INR 33.143 billion on revenue of INR 244.0632 billion for IOCL. JM Financial projects standalone PAT of INR 8.33 billion, compared with a Q1 loss of INR 26.614 billion, and assigns a Reduce rating with a target of INR 135, while Elara assigns Accumulate with a target of INR 153.

The estimates point to a possible sequential recovery, but the spread between the two broker views underscores the uncertainty around margins. The company is also extending its gas infrastructure, with a September pipeline investment of INR 24.487 billion cited in the current company analysis.

Stock stays near yearly low

At INR 131.60 on October 6, 2026, Indian Oil Corporation stock stood 30.4 percent below its 52-week high of INR 188.96 and 1.6 percent above its 52-week low of INR 129.55. The positive session change therefore sits alongside a valuation picture still shaped by the earnings reversal.