Indian Oil Corporation Q2 Results FY27 Preview: Results Date, Expectations and the Numbers That Will Decide the September 2026 Quarter
- September 18, 2026
- Posted by: Harsh Piplani
- Category: Results
Track the latest Indian Oil Corporation Ltd. share price on Univest. Investors and traders tracking Indian Oil Corporation Q2 results are already looking ahead to how the September 2026 quarter will shape up for the company, especially after the swings seen in the last five reported quarters. This preview lays out what is actually known, what the recent quarterly trend suggests, and what to watch before the Indian Oil Corporation Q2 results are formally announced by the company.
CMP Rs 135.27. Q1 FY27 (Jun26) revenue Rs 266407 cr. Q1 FY27 net profit Rs -1141 cr. PE 5.68. ROE 20.5%.
While no company can predict its own unreported numbers in advance, tracking the pattern of past quarters gives useful context for anyone following Indian Oil Corporation Q2 results closely. The sections below cover the likely results date, qualitative expectations, the immediate previous quarter, the year ago base quarter, the five quarter trend, and the valuation picture, all built only from data that has already been disclosed.
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Indian Oil Corporation Q2 results: Likely Announcement Timeline
Indian Oil Corporation Ltd. has historically announced its quarterly numbers within four to six weeks of the quarter ending, a pattern visible across the Jun25, Sep25, Dec25, Mar26 and Jun26 (Q1 FY27) reporting cycles. Applying that same historical cadence to the September 2026 quarter, the Indian Oil Corporation Q2 results could plausibly be announced sometime in the last week of October or the first two weeks of November 2026, once the board formally approves the financials. No official date has been confirmed yet, so anyone tracking Indian Oil Corporation Q2 results should rely on the exchange filing calendar closer to the date rather than any fixed assumption.
Indian Oil Corporation Q2 results will be watched closely because the most recent quarter, Jun26 (Q1 FY27), saw a sharp reversal where sales rose to a five quarter high of Rs 2,66,407 crore but net profit swung to a loss of Rs 1,141 crore. This pattern is typical of oil marketing companies when inventory valuation and marketing margins move against them even as topline volumes hold up. Whether that reversal persists or normalises is the single biggest qualitative question heading into Indian Oil Corporation Q2 results.
Previous Quarter: Q1 FY27 (Jun26) Performance
In the quarter right before the one covered by Indian Oil Corporation Q2 results, Indian Oil Corporation Ltd. reported revenue of Rs 266407 crore, operating profit of Rs 4062 crore, an operating margin of 1.52%, and net profit of Rs -1141 crore. This Jun26 quarter forms the immediate sequential base against which the September 2026 quarter will eventually be compared once Indian Oil Corporation Q2 results are declared, and it sets the qualitative tone for near term expectations.
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Base Quarter for Comparison: Q2 FY26 (Sep25)
The year ago quarter that will anchor the year on year comparison for Indian Oil Corporation Q2 results is Sep25, when Indian Oil Corporation Ltd. posted revenue of Rs 178628 crore, operating profit of Rs 16245 crore, an operating margin of 9.09%, and net profit of Rs 8191 crore. Whatever the company eventually reports for September 2026 will be measured against this Sep25 base, making it an important reference point ahead of Indian Oil Corporation Q2 results.
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Recent Trend Across the Last Five Quarters
The table below lays out the full five quarter history that anyone researching Indian Oil Corporation Q2 results should be aware of, from Jun25 (Q1 FY26) through Jun26 (Q1 FY27). Reviewing this trend line by line is a more reliable way to frame expectations for Indian Oil Corporation Q2 results than focusing on any one isolated quarter.
| Quarter | Revenue | operating profit | Op. Margin | Net Profit |
|---|---|---|---|---|
| Jun25 (Q1 FY26) | Rs 192341 cr | Rs 13267 cr | 6.9% | Rs 6808 cr |
| Sep25 (Q2 FY26) | Rs 178628 cr | Rs 16245 cr | 9.09% | Rs 8191 cr |
| Dec25 (Q3 FY26) | Rs 205157 cr | Rs 22745 cr | 11.09% | Rs 13502 cr |
| Mar26 (Q4 FY26) | Rs 208289 cr | Rs 24804 cr | 11.91% | Rs 15176 cr |
| Jun26 (Q1 FY27) | Rs 266407 cr | Rs 4062 cr | 1.52% | Rs -1141 cr |
Reading across this table, the pattern that stands out ahead of Indian Oil Corporation Q2 results is the sequence of movements in both the operating line and net profit, which have not always moved in the same direction from quarter to quarter.
Key Factors to Watch Ahead of Indian Oil Corporation Q2 results
Crude oil price movements and their effect on inventory valuation
This is one of the factors worth watching ahead of Indian Oil Corporation Q2 results, since it has a direct bearing on both revenue and margin trends for Indian Oil Corporation Ltd.
Marketing margins on petrol, diesel and other refined products
This is one of the factors worth watching ahead of Indian Oil Corporation Q2 results, since it has a direct bearing on both revenue and margin trends for Indian Oil Corporation Ltd.
Refining throughput and gross refining margins
Also read – NACL Industries Q2 Results FY27 Preview
This is one of the factors worth watching ahead of Indian Oil Corporation Q2 results, since it has a direct bearing on both revenue and margin trends for Indian Oil Corporation Ltd.
Government policy on fuel pricing and any under recovery compensation
This is one of the factors worth watching ahead of Indian Oil Corporation Q2 results, since it has a direct bearing on both revenue and margin trends for Indian Oil Corporation Ltd.
Valuation Snapshot
As of the current market price of Rs 135.27, Indian Oil Corporation Ltd. trades at a price to earnings (PE) ratio of 5.68 and a price to book (PB) ratio of 0.87, against a book value of Rs 155.0 per share. Return on equity (ROE) stands at 20.5%, the debt to equity ratio is 0.6, and the dividend yield is 6.15%. The stock has a total market capitalisation of Rs 191302 crore, with a 52 week high of Rs 188.96 and a 52 week low of Rs 130.22. These are the valuation metrics investors following Indian Oil Corporation Q2 results typically reference when weighing the current price against historical earnings.
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What to Watch Going Into Indian Oil Corporation Q2 results
Beyond the headline revenue and profit figures, readers should watch the operating margin trajectory, any commentary from management on demand or cost conditions, and whether the 1.52% operating margin recorded in Jun26 holds, improves, or slips further once Indian Oil Corporation Q2 results are out. The 50 day moving average of Rs 138.87 and the 200 day moving average of Rs 149.96 are also useful technical reference points that traders often watch around a results announcement, alongside the current RSI of 44.9.
Conclusion
Indian Oil Corporation Q2 results are not due for a few more weeks, and no specific number for the September 2026 quarter can be responsibly estimated today. What can be said, based purely on historical, publicly disclosed data, is that Indian Oil Corporation Ltd. has shown a distinct pattern across its last five quarters, and that pattern, along with the qualitative factors outlined above, is the most reasonable lens through which to approach Indian Oil Corporation Q2 results once they are formally announced. This article does not offer any buy, sell or hold view, and readers should treat it purely as a factual data based preview.
Disclaimer: Univest Securities Private Limited is a SEBI-registered Research Analyst (Registration No. INH000013776). This article is for educational and informational purposes only and does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. Figures cited are historical, publicly disclosed quarterly financials and current market data; no specific Q2 FY27 results, estimates, or forecasts are implied. Please consult a SEBI-registered investment adviser and verify data independently before making any investment decision.
FAQs
When will Indian Oil Corporation Q2 results be announced?
Ans. Based on the company’s historical reporting calendar, Indian Oil Corporation Ltd. typically announces quarterly numbers within four to six weeks of the quarter closing. Applying that pattern, Indian Oil Corporation Q2 results could be expected around late October to mid November 2026, though the exact date will only be confirmed through an official exchange filing.
What was the net profit in the previous quarter before Indian Oil Corporation Q2 results?
Ans. In the Jun26 quarter (Q1 FY27), Indian Oil Corporation Ltd. reported a net profit of Rs -1141 crore on revenue of Rs 266407 crore, with an operating margin of 1.52%. This is the most recent reported quarter available ahead of Indian Oil Corporation Q2 results.
What is the base quarter used for year on year comparison in Indian Oil Corporation Q2 results?
Ans. The Sep25 quarter (Q2 FY26) is the base quarter that the September 2026 quarter will eventually be compared against once Indian Oil Corporation Q2 results are declared. In Sep25, Indian Oil Corporation Ltd. reported revenue of Rs 178628 crore and net profit of Rs 8191 crore.
What is the current valuation of the stock ahead of Indian Oil Corporation Q2 results?
Ans. As of the latest available data, Indian Oil Corporation Ltd. trades at a PE ratio of 5.68, a PB ratio of 0.87, and an ROE of 20.5%, with a market capitalisation of Rs 191302 crore. These figures are current market data and are not forecasts for Indian Oil Corporation Q2 results.
