Indian Oil Corporation (IOC) delivered a strong set of numbers for the April–June quarter of FY26, with net profit more than doubling to ₹5,689 crore. The growth reflects improved margins and operational performance. Revenue for the quarter saw a 1% year-on-year increase, signalling steady demand in the energy sector.

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Part of a Busy Earnings Season Strong Profit Growth Despite Modest Revenue Rise

Part of a Busy Earnings Season

The IOC results come during a packed earnings calendar, with nearly 665 companies set to announce their Q1 results for FY26. Several big names, including Vodafone Idea (Vi), Ashok Leyland, AstraZeneca Pharma, Coffee Day Enterprises, Easy Trip Planners, GKB Ophthalmics, Glenmark Pharmaceuticals, Inox Wind, Patanjali Foods, and Sanstar, are also releasing their financial updates in this cycle.

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Strong Profit Growth Despite Modest Revenue Rise

While the revenue growth was modest at 1%, the sharp rise in profits highlights better cost management and improved efficiency within IOC’s operations. The performance underlines the resilience of India’s largest oil refining and marketing company amid fluctuating global crude prices.

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ByRuchika Dave

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Ruchika Dave is an experienced Intraday Trader and Stock Market Analyst with a strong focus on IPOs, business news, and the Indian economy. As a Marketing Head by profession, she combines strategic expertise with deep market knowledge to deliver accurate and insightful financial analysis trusted by readers and investors alike.