Summary of Key Information:

Reporting Period: Quarter and Half Year ended September 30, 2026

Nature of Filing / Announcement: Audited Financial Results (Standalone & Consolidated) under Regulation 33 of SEBI (LODR) Regulations, 2015

Date of Board Meeting / Approval: October 22, 2026

Audit Opinion: Unmodified Opinion on both Standalone and Consolidated Financial Statements

Auditor's Comment: No qualifications or modifications. Noted that the company did not have the minimum number of Independent Directors including one Woman Independent Director required throughout the reporting period.

Key Financial Highlights [₹ in crore]

Standalone Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹22,055.45 (YoY: +10.1% from ₹20,033.62 in Q2 FY26)
  • Total Income: ₹22,109.22
  • Net Profit: ₹2,271.29 (YoY: +227% from ₹731.55 in Q2 FY26)
  • EPS: ₹152.53 (not annualized)

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹51,414.20 (YoY: +32.8% from ₹38,716.98 in H1 FY26)
  • Total Income: ₹51,485.67
  • Net Profit: ₹3,287.96 (YoY: +487% from ₹674.93 in H1 FY26)
  • EPS: ₹220.80 (not annualized)

Balance Sheet Position as at September 30, 2026:

  • Cash and Cash Equivalents: ₹0.28 crore (down from ₹905.04 crore as at March 31, 2026)
  • Other Equity: ₹13,144.53 crore (up from ₹10,651.11 crore as at March 31, 2026)
  • Total Debt (Non-current + Current Borrowings): ₹2,193.40 crore
  • Total Assets: ₹20,741.04 crore

Consolidated Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹22,055.45
  • Total Income: ₹22,074.34
  • Net Profit: ₹2,247.03
  • EPS: ₹150.90 (not annualized)

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹51,414.20
  • Total Income: ₹51,450.79
  • Net Profit: ₹3,278.38
  • EPS: ₹220.16 (not annualized)

Balance Sheet Position as at September 30, 2026:

  • Other Equity: ₹13,444.14 crore
  • Total Assets: ₹21,040.65 crore

Segment-wise Performance:

The Company operates only in one segment, Petroleum Sector. Accordingly, reporting is done on a single segment basis.

Corporate Actions:

  • Interim Dividend: Declared interim dividend of ₹25.00 per equity share (face value ₹10.00 each) for FY 2026-27
  • Record Date: Friday, October 30, 2026
  • Payment Date: On or before November 21, 2026

Other Significant Information:

  • Gross Refining Margin (GRM):
  • Q2 FY27: US$20.41 per bbl (Q2 FY26: US$9.04 per bbl)
  • Includes inventory gain on crude & products: US$3.82 per bbl (Q2 FY25: US$1.38 per bbl)
  • H1 FY27: US$14.34 per bbl (H1 FY26: US$6.17 per bbl)
  • Additional Revenue: ₹385.21 crore recognized in Q1 FY27 relating to retrospective price revisions for supplies made in March 2026
  • Crude Throughput:
  • Q2 FY27: 2.590 MMT (Q2 FY26: 3.013 MMT)
  • H1 FY27: 5.438 MMT (H1 FY26: 5.994 MMT)
  • Key Financial Ratios (Standalone):
  • Debt Equity Ratio: 0.16 (H1 FY26: 0.22)
  • Current Ratio: 3.28 times (H1 FY26: 1.54 times)
  • Total Debts to Total Assets: 0.11 (H1 FY26: 0.12)

Entities Included in Consolidation:

  • Jointly Controlled Entities: Indian Additives Limited, National Aromatics and Petrochemicals Corporation Limited
  • Associate: Cauvery Basin Refinery and Petrochemicals Limited
  • Share of Profit from Joint Ventures/Associates: ₹10.62 crore for Q2 FY27, ₹25.30 crore for H1 FY27

Cash Flow Information (Standalone, H1 FY27):

  • Net Cash from Operating Activities: ₹24.86 crore
  • Net Cash Used in Investing Activities: ₹(248.50) crore
  • Net Cash Used in Financing Activities: ₹(681.12) crore
  • Net Change in Cash: ₹(904.76) crore