Indian Oil saw strong Q2 FY26 profits, with Profit After Tax (PAT) jumping to 7,610 Cr (from 4,244 Cr in Q1) and Profit Before Tax (PBT) reaching 10,066 Cr.

EBITDA also rose to 16,106 Cr.

This profit surge was largely driven by a significant boost in Gross Refining Margin (GRM) to 10.66 US$/bbl, a sharp increase from 2.15 US$/bbl in Q1. Operationally, refining, pipeline, and marketing throughputs experienced a minor decline this quarter.

Strategically, the company focuses on "Fuelling a Cleaner Future" and diversifying its offerings, including petrochemicals, lubricants, and LPG.

No specific new developments or management outlook for the future were detailed in the presentation.

Key metrics: PAT 7,610 Cr, GRM 10.66 US$/bbl.

Debt increased to 128,239 Cr.