Indian Oil Corporation schedules Q2 results: target for Indian Oil Corporation stock is INR 160

Published on 10/25/2026 at 01:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are due October 30, 2026 after Q1 revenue of INR 266,407 crore and a loss of INR 1,141 crore. Indian Oil Corporation stock enters Q2.

Earnings setup and capital spending

Indian Oil Corporation scheduled its Q2 FY27 results for October 30, 2026, after a Q1 loss of INR 1,141 crore.
Q1 FY27 consolidated sales reached INR 266,407 crore, while operating profit fell to INR 4,062 crore.
The company approved INR 2,448.70 crore for a natural gas pipeline on September 21, 2026.

IOCL, INE242A01010, Illustration mit AI erstellt.

Indian Oil Corporation (INE242A01010) is heading toward its October 30, 2026 results after consolidated Q1 FY27 sales reached INR 266,407 crore and net profit was negative INR 1,141 crore, according to Screener. The upcoming report will test whether stronger refining margins can reverse the weak first quarter.

Q2 results carry the main catalyst

StockWatch said on October 24, 2026 that Indian Oil's Q2 FY27 profit was expected at INR 7,300 crore, compared with the INR 1,141 crore Q1 loss. The same preview cited gross refining margins of USD 8.00 to USD 10.00 per barrel and a combined refining and marketing margin of INR 11.40 per liter.

The margin recovery comes with a material counter-factor. StockWatch identified LPG under-recoveries of INR 11,000 crore as a potential drag, making the October report a test of both refining profitability and administered fuel costs.

What does the pipeline mean for growth?

Indian Oil's infrastructure spending adds a longer-term operating angle. ALFA Finder reported that the board approved INR 2,448.70 crore on September 21, 2026 for the Kochi-Thoothukudi natural gas pipeline. The 424.65 kilometer line is designed for gas transport capacity of 6.84 MMSCMD, linking capital deployment to expansion beyond conventional fuels.

Three dated signals for the stock

On September 21, 2026, Indian Oil approved the INR 2,448.70 crore pipeline investment. On October 1, 2026, two senior executives superannuated, according to Screener. On October 30, 2026, the company is scheduled to approve its Q2 and half-year unaudited results.

Next dates are already defined

The next reporting date is October 30, 2026, when the board is scheduled to consider the quarter and first-half results. The trading window is scheduled to remain closed through November 1, 2026, according to StockWatch.

Indian Oil stock remains earnings-led

Indian Oil stock was last at INR 129.09 on the NSE on October 23, 2026 at 3:28 p.m. IST, with the exchange marked closed. Its market capitalization was INR 1.8 trillion and its 52-week range was INR 125.00 to INR 189.00, both as of October 23, 2026. The immediate valuation debate therefore turns on whether the Q2 margin recovery can offset LPG costs.