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I O C L

Q1 FY27Petroleum Products

I O C L Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management said on revenue, margins and capex.

Price₹139
Market cap₹1.9L Cr
P/E5.7
Updated25 Aug 2026
Read4 min read

What the Q1 FY27 call signalled

2 of 4 strong

RevenueModerate growth
MarginMargins steady
CapexCapex planned
FundraiseFundraise planned

The short version

Refining throughput expected to increase from ~77 MMTPA in FY26-27 to 85 MMTPA in FY27-28 and 90 MMTPA in FY28-29 (Page 16). Indian Oil expects continued resilience despite geopolitical volatility impacting near-term earnings (e.g., Q1 FY27 reported a net loss of ₹2,661 Crore due to marketing margin pressure).

From I O C L's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Revenue & Sales Performance

Moderate growth
  • Refining throughput expected to increase from ~77 MMTPA in FY26-27 to 85 MMTPA in FY27-28 and 90 MMTPA in FY28-29 (Page 16).
  • Petchem intensity targeted to rise from ~6.5% to 15% over the next 5 years, supported by INR 100,000 crores capex in petchem projects over 5-6 years (Pages 7, 17).
  • Capex of INR 30,000 to 40,000 crores per year expected to continue for the next 2-3 years, focusing on petchem, renewables (targeting 18 GW renewable capacity in next 3-4 years), biofuels, pipelines, green hydrogen, and shipping (Pages 7, 14).
  • Marketing volumes stable with slight variations: Q1 FY27 sales volumes at 26.211 MMT, comparable with previous quarters (Page 5).

2 more points from I O C L's call on revenue

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Profitability & Margins

See what I O C L said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned
  • FY 26-27 Capex Target: Rs. 32,700 crore, aligned with long-term strategy and national energy priorities.
  • Major Refining Projects: Panipat (25 MMTPA, INR 38,000 crore), Gujarat (18 MMTPA, INR 19,000 crore), Barauni (9 MMTPA, INR 18,000 crore) scheduled for completion by Nov-Dec 2026.
  • Petrochemical Expansion: PX-PTA and polybutadiene rubber plants nearing completion; overall petchem intensity targeted to increase from ~6.5% to 15% with capex around INR 100,000 crore over 5-6 years.
  • Future Capex Focus: Continues at INR 30,000 to 40,000 crore annually for next 2-3 years, with major investments in petrochemicals, renewables (18 GW target in 3-4 years via Terra Clean), biofuels, green hydrogen, battery swapping, and shipping.

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Top-ranked in Petroleum Products

Ranked on what management guided this quarter

Guidance-ranked
1Cont. Petroleums
Rev 2Mar 1
2Arabian Petrol.
Rev 2Mar 2
3
Rev 3Mar 2
4
Rev 3Mar 3
5
Rev 3Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

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I O C L — Quarterly revenue & net profit

Revenue Net profit Net loss
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27
Sep 2026Q2 FY27

Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹2.5L Cr, net profit ₹22.5K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What I O C L's management said in earlier quarters

Others in Petroleum Products this season

  • Kotyark Indust. (Q1 FY27)

    Q1 FY27 Revenue:** ₹91.98 Cr (up from ₹82.48 Cr in Q1 FY26) — an 11.5% YoY growth. Key investor presentation takeaways from Kotyark Industries's Q1 FY27 investo

  • Arabian Petrol. (Q1 FY27)

    H2 FY26 Revenue from Operations: ₹23,166.74 Lakhs . Key investor presentation takeaways from Arabian Petroleum's Q1 FY27 investor presentation — and how it rank

  • Savita Oil Tech (Q1 FY27)

    Q1 FY27 revenue: ₹1,512.7 crore total income (₹1,479.8 crore revenue from operations), up 49.2% YoY from Q1 FY26 ₹1,013.6 crore total income. Key concall…

  • H P C L (Q1 FY27)

    Current capex for FY 2027 is guided to be below INR 9,700 crores, possibly lower due to cash conservation efforts. Key concall takeaways from Hindustan…

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Frequently Asked Questions

What were I O C L Q1 FY27 results?

Refining throughput expected to increase from ~77 MMTPA in FY26-27 to 85 MMTPA in FY27-28 and 90 MMTPA in FY28-29 (Page 16). Indian Oil expects continued resilience despite geopolitical volatility impacting near-term earnings (e.g., Q1 FY27 reported a net loss of ₹2,661 Crore due to marketing margin pressure).

What is I O C L share price analysis?

I O C L currently shows a below-average growth signal. The stock trades at a P/E of 5.7 with a market cap of ₹191,908 Cr. Investors should review the full earnings analysis for detailed insights.

Is I O C L planning capital expenditure?

FY 26-27 Capex Target: Rs.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.