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IOC, BPCL, HPCL Report Rs 30,106 Crore Profit in Q2, Nearly 39% of Annual Earnings

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IOC, BPCL, HPCL Report Rs 30,106 Crore Profit in Q2, Nearly 39% of Annual Earnings

Analysed 1 Nov 2026·5 sources analysed·Dubai, United Arab Emirates·Business
IOC, BPCL, HPCL Report Rs 30,106 Crore Profit in Q2, Nearly 39% of Annual EarningsPreviousNext

India's three state-run fuel retailers—IOC, BPCL, and HPCL—reported a combined net profit of Rs 30,106 crore in the July-September quarter, nearly 39% of their projected FY26 earnings. This marks a 68.3% increase from the same period last year and a turnaround from losses of Rs 18,150 crore in the previous quarter. The profit rise was driven by improved refining margins and inventory gains, despite ongoing losses on fuel sales due to price freezes and mounting LPG subsidy under-recoveries, which are expected to increase in coming months.

Sentiment
59%
TBN's observations

First-hand measurement across 5 sources

We measured how 5 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is neutral (59/100). Lens Score 43/100.

Outlets measured: timesnow, moneycontrol, businessstandard, economictimes, thehindu. See how each one headlined and framed the same story in the source comparison below.

AI analysis of 5 sources · Published under editorial oversight by The Balanced News
Analysed 1 Nov 2026· How this analysis is produced· Editorial standards· Corrections

AI Analysis

Sentiment — Neutral (59/100)

Sentiment was consistent across outlets (50–65/100), indicating broadly factual reporting rather than editorialising.

Coverage timeline

thehindu broke this story on 31 Oct, 04:01 pm. Other outlets followed.

31 Oct, 04:01 pm5 sources · 18 h1 Nov, 10:25 am
AI analysis by the TBN Bias Engine · beat methodology byMrunal Wange· Business & Economy Editor· editorial standards byOjas Kale
← Previous
India's Gross GST Collections Rise 23% to Rs 2.31 Lakh Crore in October
Next →
Mahindra and Maruti Suzuki Report Record Vehicle Sales in October 2026
  1. 1
    thehindu31 Oct, 04:01 pm
    Crude oil prices very volatile in Q2, carried both discounts, premium at varying intervals: IOCL Official
  2. 2
    economictimes1 Nov, 06:56 am
    IOC, BPCL, HPCL clock Rs 30,106 cr Q2 profit, nearly 39 pc of last year's annual earnings
  3. 3
    businessstandard1 Nov, 07:02 am
    IOC, BPCL, HPCL clock 30,106 cr Q2 profit, nearly 39 of FY26 earnings
  4. 4
    moneycontrol1 Nov, 07:49 am
    Oil PSUs earn Rs 30,106 crore in Q2, nearly 39 of annual profit, despite fuel sale losses- Moneycontrol.com
  5. 5
    timesnow1 Nov, 10:25 am
    IOC, BPCL, HPCL Post Rs 30,106 Crore Q2 Profit, Clock 39 Of Annual Earnings

Who's involved

Institutions and figures named across source coverage.

Government
Bharat Petroleum Corporation LtdIndian Oil CorporationHindustan Petroleum Corporation Ltd
Corporate
Indian Oil Corporation Limited

Story context

Category
Business
Location
Dubai, United Arab Emirates
Sources analysed
5
Last analysed
1 Nov 2026
Key entities
Liquefied petroleum gasOil refineryCroreIndian rupeeIndiaIndian Oil CorporationJainismFiscal yearPetroleumBharat PetroleumHindustan PetroleumInternational Olympic Committee