BusinessPhoto: NDTV BusinessIOCL Q2 Profit Surges to Rs 21,630 Crore Amid Rising Crude Prices
Indian Oil Corporation (IOCL) reported a sharp turnaround in Q2 FY27 with standalone net profit rising to Rs 21,630 crore from a loss of Rs 2,661 crore in Q1. The profit surge was driven by improved refining and marketing margins. However, elevated crude prices may pressure margins in H2 FY27, with limited retail price hikes possible. Brokerages have mixed outlooks, with target prices between Rs 135 and Rs 175.
NDTV Business·


