Indian Oil Q2 profit rises on inventory gains as expansion plans advance
Indian Oil reported Q2 FY27 profit after tax of ₹21,630 crore, including ₹6,948 crore from inventory gains. Source: TradingView.
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what happened
According to TradingView, Indian Oil (IOC) posted profit after tax of ₹21,630 crore in the second quarter of fiscal 2027. Inventory gains contributed ₹6,948 crore of that figure, while revenue reached ₹262,936 crore.
The company is pushing ahead with growth plans, including refinery expansions, renewable energy investment and diversification of crude sourcing. The report flags geopolitical, logistics and marketing-margin risks as the main concerns.
why it matters
The market takes note that a meaningful part of the profit came from inventory revaluation rather than operations alone, so the result may prove less durable if crude prices fall. For IOC shares and Indian refining more broadly, it highlights how closely margins depend on crude price swings and logistics.
market impact
IOC shares and Indian refining: higher profit from inventory gains, but margin risks remain
- Indian Oil (IOC) shares mixed — profit rose on inventory revaluation, but margin risks remain
tags
instruments
sources
- IOC: Q2 profit surged on inventory gains as expansion plans advanced amid volatile energy markets — TradingView, 31 October 2026 at 08:49 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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