IOC reports ₹21,630 crore Q2 profit as revenue falls 4.6%
In short
IOC reported a net profit of ₹21,630 crore in Q2, after a loss of ₹2,661 crore in Q1. Revenue fell 4.6% to ₹2.50 lakh crore, while EBITDA rose to ₹30,297 crore and margin improved to 12%.
This matters because it shows a strong profit rebound even though sales were lower. The report does not explain what caused the change.
What the reporting says
IOC reported a net profit of ₹21,630 crore in Q2, versus a loss of ₹2,661 crore in Q1, while revenue fell 4.6% to ₹2.50 lakh crore. The company also reported EBITDA of ₹30,297 crore, up from ₹1,947 crore, with margin improving to 12%, according to a publisher-supplied summary. The immediate implication is a sharp quarterly earnings rebound, though the reporting does not explain the full drivers.
Why it matters
IOC reported a quarterly net profit of ₹21,630 crore, reversing a ₹2,661 crore loss in Q1, while revenue fell 4.6% to ₹2.50 lakh crore. EBITDA rose to ₹30,297 crore and the EBITDA margin improved to 12%. The story points to a major earnings swing for IOC, but the source does not state the operational or pricing factors behind it.