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As of 18 Sept 2026, 03:30 pm
As of 18 Sept 2026, 03:30 pm
Recent drawdown or price variability is high enough to warrant closer monitoring.
Primary driver: Price remains materially below a previous peak
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Finance Costs | ₹1,729.53 crore | PEAK₹8,307.88 crore | ₹2,088.02 crore | ₹2,269.69 crore | ₹2,070.05 crore |
| Expenses | ₹2,84,008.74 crore | PEAK₹8,51,119.17 crore | ₹2,20,057.35 crore | ₹1,96,699.02 crore | ₹2,14,830.24 crore |
| Profit Before Exceptional Items And Tax | -₹1,629.72 crore | PEAK₹54,496.52 crore | ₹17,360.34 crore | ₹10,392.42 crore | ₹7,602.03 crore |
| Tax Expense | ₹208.50 crore | PEAK₹13,794.76 crore | ₹4,324.59 crore | ₹2,912.85 crore | ₹1,942.36 crore |
| Profit Loss For Period From Continuing Operations | -₹1,838.22 crore | PEAK₹40,701.76 crore | ₹13,035.75 crore | ₹7,479.57 crore | ₹5,659.67 crore |
| Other Comprehensive Income | -₹3,822.28 crore | PEAK₹4,731.48 crore | ₹475.53 crore | -₹485.61 crore | ₹608.75 crore |
Finance costs in the quarter were ₹1,729.53 crore, down 16.5% from ₹2,070.05 crore in the same quarter last year and 79.2% below the ₹8,307.88 crore recorded in Q4 FY2025-26. The current quarter’s finance cost was the lowest level recorded in the past five quarters. While the decline reduced the overall expense burden, it was not sufficient to prevent the operating loss.
Exchange disclosures and regulatory announcements for Indian Oil Corporation.
Record Date Updates |SUBJECT: Record Date Updates
Indian Oil Corporation Ltd. confirmed the redemption and fulfillment of payment obligation for 21,000 commercial paper units (ISIN INE242A14YW7) maturing on 18-Sep-26.
Dr. Alka Mundra resigned as Independent Director of Indian Oil Corporation Ltd. effective 18th September 2026, citing that her son's operation of an IndianOil retail outlet dealership since 2020 breached the independence criteria under SEBI (LODR) Regulations. She confirmed no other material reasons for the resignation and was not a member of any board committee.
Indian Oil Corporation Limited has informed the Exchange about Resignation of Director/KMP/SMP |SUBJECT: Resignation of Director/KMP/SMP
Record Date Updates |SUBJECT: Record Date Updates
On September 11, 2026, Indian Oil Corporation Ltd. confirmed the redemption and fulfillment of payment obligations for 6,000 Commercial Paper units with ISIN INE242A14ZA0 maturing on that date. The notification was submitted to the National Stock Exchange of India Limited by Gaurav Sehgal, Chief Financial Officer (Treasury), in compliance with SEBI listing requirements.
Indian Oil Corporation Ltd. confirmed the redemption and fulfillment of payment obligations for 6,000 commercial paper units with ISIN INE242A14ZA0, which matured on 11-Sep-26.
Indian Oil Corporation Limited paid Rs. 17,850 lakhs in interest on its 7.14% Non-convertible Debentures (Series XXIV) for the period ending September 5, 2026, on September 7, 2026, due to a bank holiday on the original due date of September 6, 2026. The payment covered eligible debenture holders recorded as of August 22, 2026, and was certified by Company Secretary Kamal Kumar Gwalani pursuant to SEBI LODR Regulation 57.
Recent market and company developments associated with Indian Oil Corporation.
Oil breached $100 a barrel this month with Brent crude at around $107 as US-Iran clashes stoked supply fears. Retail fuel marketing margins are expected to turn into a loss of ₹7.4 per litre for petrol and ₹10.3 per litre for diesel in September. However, it is unlikely to erase improvement seen during the first two months of the quarter.
Latest national news from India, covering politics, economy, and breaking events. Stay updated with live headlines on IANS Live.
Shares of MRPL are up 8% so far this year, while those of Reliance Industries are down 21%. Shares of the state-run refiners, HPCL, BPCL and IOC, are down 30%, 20% and 18% respectively for the year so far.
Indian state-owned refiners are facing growing crude supply uncertainty as Middle East disruptions coincide with the risk of tougher US restrictions on Russian oil buyers. Saudi Arabias East-West pipeline shutdown has disrupted more than 400,000 barrels a day of supplies to India, although about half the capacity could return within days.
With inflation putting pressure on purchasing power, here are 5 dividend stocks with strong payout histories and healthy yields.
The financial landscape for ONGC's petrochemical unit OPaL is alarming, as it faces considerable losses amid skyrocketing naphtha and gas prices. This situation starkly contrasts with ONGC's thriving oil exploration sector. To stabilize its finances, OPaL intends to divest from specific product lines and plans to import lower-cost ethane feedstock by the fiscal year 2029-30.
Fuel retailers say thin, regulated margins leave little room to absorb the ₹5 charge on UPI transactions above ₹2,000.
PNN
Comprehensive Section Breakdown for Indian Oil Corporation
Strategic Vision: Oil and gas company involved in refining, transportation, and marketing.
• Government ownership
• Extensive pipeline network
• Large dealer and distributor network
Indian Oil Corporation Limited reported a net loss from continuing operations of ₹1,838.22 crore for the quarter ended 30 June 2026, compared with a net profit of ₹5,659.67 crore in the same quarter a year earlier. This reversal follows an exceptional surge in revenue and profit in the preceding quarter. Revenue from operations rose 27% year on year to ₹2,81,933.07 crore, but total expenses grew 32% to ₹2,84,008.74 crore, resulting in a loss before tax of ₹1,629.72 crore. A large other comprehensive loss of ₹3,822.28 crore deepened the total comprehensive loss to ₹4,963.37 crore.
Revenue from operations was ₹2,81,933.07 crore, up 27% from the prior-year quarter. This follows a period of relative stability in the first three quarters of FY2025-26, where revenue ranged between ₹2.06 lakh crore and ₹2.36 lakh crore, before spiking to ₹9,01,452.70 crore in Q4 FY2025-26. In the current quarter, revenue fell back to its typical range, though it remains well above the year-ago level.
Total expenses reached ₹2,84,008.74 crore, growing 32% year on year. The major reported expense components were cost of materials consumed (₹1,95,317.95 crore), purchases of stock in trade (₹71,833.62 crore), and a negative change in inventories of ₹21,590.18 crore, which reduced the overall cost base. Employee benefit expenses were ₹2,592.11 crore, depreciation was ₹4,408.15 crore, and finance costs were ₹1,729.53 crore. These items totalled ₹2,54,291.18 crore, with other operating expenses accounting for the remaining ₹29,718 crore.
The company recorded a loss before tax of ₹1,629.72 crore, reversing a profit of ₹7,602.03 crore in the same quarter last year and a profit of ₹54,496.52 crore in the previous quarter. Tax expense was ₹208.50 crore, down from ₹1,942.36 crore a year ago, consistent with the weaker pre-tax result. After tax, the net loss from continuing operations was ₹1,838.22 crore.
Basic and diluted loss per share from continuing operations was ₹1.18, compared to earnings of ₹4.95 per share in the prior-year quarter. After including a share of profit from associates and joint ventures of ₹697.13 crore, the total loss for the period narrowed to ₹1,141.09 crore, of which ₹1,630.74 crore was attributable to the parent company.
Other comprehensive income (OCI) was a loss of ₹3,822.28 crore, compared to a gain of ₹608.75 crore a year ago. This was driven by a ₹4,810.97 crore loss on items that will not be reclassified to profit or loss, partially offset by a related tax credit of ₹709.62 crore. Items that may be reclassified contributed a net ₹279.07 crore after tax. Consequently, total comprehensive income was a loss of ₹4,963.37 crore, compared to a comprehensive income of ₹7,416.87 crore in Q1 FY2025-26. The comprehensive loss attributable to owners of the parent was ₹5,423.98 crore, while non-controlling interests recorded a comprehensive income of ₹460.61 crore.
For the quarter ended June 30, 2026, Indian Oil Corporation reported a standalone net loss of ₹2,662.37 crore, reversing a profit of ₹5,688.60 crore in the prior-year quarter, primarily due to a ₹2,872.56 crore loss in the petroleum products segment. Management highlighted that the government has approved ₹14,486 crore in compensation for domestic LPG under-recoveries, of which ₹3,621.51 crore was recognized in Q1, though a cumulative net negative buffer of ₹29,729.95 crore remains. On a consolidated basis, the net loss attributable to parent was ₹1,630.74 crore versus a profit of ₹6,813.71 crore a year ago. The filing did not include explicit forward guidance, demand trends, or capital expenditure plans; key risks include the large LPG buffer and segmental losses.
Indian Oil Corporation Limited posted a net loss from continuing operations of ₹1,838.22 crore in the quarter ended 30 June 2026, a sharp reversal from the year-ago profit. Revenue grew 27% year on year, but expenses grew faster at 32%, pushing operations into a loss. A large negative other comprehensive income of ₹3,822.28 crore deepened the total comprehensive loss to ₹4,963.37 crore. The quarter’s results reflect a retreat from the exceptional revenue spike seen in the prior quarter, with lower finance costs providing partial relief but not enough to offset the broader expense increase.
Category: Manufacturing
Operates a network of refineries across India, producing various petroleum products like petrol, diesel, LPG, and petrochemical feedstocks.
Category: Supply Chain
Operates an extensive network of crude oil and product pipelines for efficient transportation of petroleum.
Category: Supply Chain
Markets petrol, diesel, LPG, and lubricants through a large dealer network of retail outlets and bottling plants.
Key Products & Services: Indane • Servo
Category: Manufacturing
Produces specialty chemicals, petrochemicals, and bitumen supplied to industrial buyers and contractors.
Category: B2B Services
Participates in upstream oil and gas exploration blocks domestically and internationally through subsidiaries and joint ventures.
Core Thesis: The company integrates refining, transportation, and marketing to manage the entire petroleum value chain.
• Integrated Value Chain: Manages operations from refining and pipeline transportation to fuel marketing and distribution. • Extensive Infrastructure: Utilizes a network of refineries, pipelines, and retail outlets for efficient operations. • Diversified Product Portfolio: Produces a range of petroleum products, petrochemicals, and specialty chemicals.