Indian Oil Corporation Ltd Share Price

ONGC Q1 FY27: Standalone Profit Doubles, HPCL Drag Cuts

Oil and Natural Gas Corporation Limited reported Q1 FY27 results for the June 2026 quarter on 4 August. Q1 FY27 numbers: Standalone revenue: Rs 46,460 crore, up 45.2% YoY; PAT Rs 17,034 crore, up 112.3%, record quarterly PBT of Rs 22,848 crore Crude realisation: $99.45 a barrel, up 50.4% from $66.13; JV crude $103.34, up 52.3% New well gas: Rs 3,998 crore, 38% of the nomination portfolio, Rs 1,897 crore incremental over APM Consolidated PAT to owners: Rs 11,899 crore, up 14.4%; HPCL loss of Rs 12,265 crore drags the headline to Rs 6,554 crore Since results: ONGC announced Rs 1 lakh crore deepwater exploration, 87 wells by FY31. Final dividend Rs 1 ex 4 September; trailing dividends Rs 14.50. Oil and Natural Gas Corporation [][***** shares trade at Rs 237.28 (9 Sep 2026, 09:22 AM IST), down 1.4 percent over one year, 22 percent below the Rs 305 high. P/E 6.86; P/B 0.80; yield 4.66 percent. My view: standalone ONGC had its best quarter ever; the market treats it as a pass-through for HPCL's under-recovery losses, and that read is correct. The 112 percent standalone profit sits on crude above $99, which is historically self-correcting or policy-correcting in India, as IOC's Q1 loss proved. What is real and durable: deepwater optionality from the Rs 1 lakh crore programme, new well gas above APM prices, and P/B of 0.80 on a company producing 71 percent of India's domestic crude. Hold; the yield pays while you wait. Fresh money enters near Rs 225 to 232. Levels: Rs 228 to 232 the July base; Rs 250 to 260 the band to reclaim; Rs 305 the high. Disclosure: Vijay Kumar Gupta, SEBI Registered Research Analyst, INH000020226, Vijay Gupta Advisory. SEBI registration and NISM certification do not guarantee performance or assure returns. Securities markets are subject to market risks. No holdings in the subject company.

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BPCL: Rising Trendline Support Faces Crude Test

fell nearly 2.9% to Rs 303.85 in today’s session as Brent crude surged past $99 a barrel, its highest since July 24, on escalating Middle East tensions. Higher crude raises input-cost concerns for oil marketing companies, and BPCL is now approaching the rising trendline support that has held since the April lows, with price also slipping below the 50-day moving average. RSI at 36.98 has turned down sharply, reflecting the loss of momentum. Resistance: 314–315, then the 328–332 zone. Support: the rising trendline near 294–295. Whether this trendline holds or gives way largely depends on how crude prices move from here — a sustained Brent rally above $100 would keep pressure on OMC stocks, while any easing could help price stabilize at support. A sustained close below the trendline 294–295 might put the broader base structure at risk. BPCL's trendline test alongside HPCL and IOC's similar weakness makes the OMC space one to track closely, with crude price direction as the key swing factor rather than the chart alone. When a sector's move is driven by an external input like crude prices, chart support levels matter, but the underlying driver often decides whether they hold. Disclaimer: This is for educational purposes only and is not investment advice. Please consult your financial advisor before making any investment decisions. SEBI Registered Research Analyst — INH000025212.

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Monday Sept 7 Three Numbers That Define Today's Nifty Close

The Nifty 50 closed Monday, September 7, 2026 at 23,779.15. Three numbers explain that close completely. 0.50 per cent. That is how much the Nifty fell — 118.55 points — on a day when escalating geopolitical tension in the Strait of Hormuz, oil price volatility and monetary tightening concerns simultaneously weighed on every rate-sensitive, import-cost-sensitive and globally-exposed sector on the index. Barring Nifty Pharma, every sectoral index on the NSE closed lower. The advance-decline ratio was sharply negative.

0.02 per cent. That is how much the Nifty Smallcap 100 rose on the same day — a marginal positive close against a 0.50 per cent benchmark decline. The divergence confirms what has been building through September's first week: domestic earnings-driven smallcaps are decoupling from macro-driven large-cap selling. Value buying has gained traction following the late-2025 and early-2026 sell-off, making valuations attractive as corporate earnings shift from downgrades to upgrades in the smallcap segment, even as Dalal Street's large-cap benchmark remains under geopolitical and macro pressure. 23,779.15. Nifty's closing level — a level that places the index 8.27 per cent below its 52-week high and tests the psychological 23,800 floor that analysts have identified as the last meaningful support before 23,500. The Nifty has now spent four of the last seven sessions below 24,000 — a level that held as an unbreakable floor through the entirety of August. September's opening week has broken that assumption convincingly.

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Indian Oil Q1 FY27: Rs 2,662 Crore Loss Despite Record

Indian Oil Corporation Limited reported Q1 FY27 results for the June 2026 quarter on 31 July. Q1 FY27 numbers (standalone): Revenue: Rs 2,75,972 crore, up 26.2% YoY Net loss: Rs 2,662 crore vs profit of Rs 5,689 crore a year ago and Rs 11,378 crore in Q4 FY26 GRM $15.59 a barrel net of special excise duty; about $36 before it, per management Record Q1 throughput 19.17 MMT; domestic market share 43.1% from 41.5% The loss came from pump prices held flat while crude spiked on the West Asia conflict, LPG under-recovery of Rs 665 a cylinder in June, inventory effects and the duty. LPG compensation of Rs 3,621 crore was booked; the cumulative LPG buffer is Rs 29,730 crore. IOC has since confirmed 45 days of crude cover. Indian Oil [][***** shares trade at Rs 135.69 on the linked page (NSE near Rs 137) (4 Sep 2026, 12:27 PM IST), flat over one year, near the Rs 130 low. P/E 5.7 trailing; 0.85 times book; Rs 8.25 of trailing dividends yield over 6 percent. My view: cheap on the wrong earnings. The 5.7x rests on FY26's record margins; the quarter just printed shows what happens when crude rises and Delhi does not move the pump price. Operations are at records; the multiple ignores them because the margin is a policy variable. The FY27 dividend is not the FY26 dividend if losses repeat. Hold for the yield if owned; fresh money has no edge until a pump price revision or a duty cut, the only catalysts. Levels: Rs 130 is the floor; a close below prices a second loss quarter; Rs 138 to 140, the 20 and 50-day averages, the band to reclaim; Rs 186 to 189 the high. Disclosure: Vijay Kumar Gupta, SEBI Registered Research Analyst, INH000020226, Vijay Gupta Advisory. SEBI registration and NISM certification do not guarantee performance or assure returns. Securities markets are subject to market risks. No holdings in the subject company.

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Indian Oil Corporation’s latest fundamental picture is mixe

Indian Oil Corporation’s latest fundamental picture is mixed in the near term but positive from a long-term capacity and volume perspective. In Q1 FY27, IOC reported a consolidated net loss of ₹1,141 crore, compared with a profit of ₹6,808 crore a year earlier, mainly because elevated crude prices and suppressed marketing margins hurt profitability; however, revenue from operations increased 27% YoY to ₹2.82 lakh crore. Operationally, the company delivered a strong quarter, with record Q1 crude throughput of 19.165 MMT, refinery utilisation of 109.4%, record pipeline throughput of 28.548 MMT and domestic market share improving to 43.1% from 41.5%. Natural-gas sales also increased 11% YoY to 1.873 MMT, while IOC is targeting a 1.5x increase in gas sales by 2030, creating another potential growth avenue beyond traditional refining and fuel marketing. A major positive is IOC’s large expansion programme: refinery projects at Gujarat, Panipat and Barauni are nearing completion, which is expected to take its refining capacity toward around 98 MMT annually, strengthening its position in India's refining market

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Inox Wind Secures ₹755 Crore 100 MW Order from IOC

Inox Wind Ltd. gained attention on September 3 after securing a repeat 100 MW turnkey order from Indian Oil Corporation worth approximately ₹755 crore. The contract covers end-to-end project execution, including wind turbine generator supply, engineering, procurement and construction, along with post-commissioning operations and maintenance services. The order provides a fresh addition to the company’s execution pipeline, while its latest financial performance remains mixed. For the June quarter, profit declined 34.2% year-on-year to ₹64.1 crore from ₹97.3 crore, while revenue fell 1.5% to ₹814.1 crore from ₹826.3 crore, marking the second consecutive quarter of revenue decline. EBITDA also decreased 17% to ₹152.5 crore from ₹183.7 crore, with the EBITDA margin contracting to 18.7% from 22.2% in the year-ago period. Despite the softer quarterly performance, the company has retained its full-year guidance of 75% year-on-year revenue growth and an EBITDA margin of 20%–22%. Overall, the new ₹755 crore order strengthens order visibility, while execution and the company’s ability to deliver on its FY26 growth and margin guidance remain key financial parameters to monitor.

Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.

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