Inter State Oil Carrier Limited profit rises 117% in September quarter

Inter State Oil Carrier reported net profit of Rs 67.12 lakh for the quarter ended September 30, 2026, up 117% from Rs 30.90 lakh a year earlier, as revenue from operations increased 49% to Rs 36.93 crore. Profit before tax rose to Rs 90.18 lakh from Rs 50.53 lakh.

How did Inter State Oil Carrier perform in the September quarter?

Inter State Oil Carrier reported revenue from operations of Rs 36.93 crore in the quarter ended September 30, 2026, compared with Rs 24.82 crore in the quarter ended September 30, 2025. Total income, including Rs 8.04 lakh of other income, reached Rs 37.01 crore, against Rs 24.95 crore in the corresponding quarter a year earlier. The unaudited results were taken on record by the board on November 13, 2026.

Inter State Oil Carrier’s net profit increased by Rs 36.22 lakh year on year to Rs 67.12 lakh in the September 2026 quarter. Basic and diluted earnings per share, or EPS, were Rs 1.34 on equity shares with a face value of Rs 10 each, compared with Rs 0.62 in the September 2025 quarter. The company reported no exceptional items in either quarter.

Profit before tax increased by Rs 39.65 lakh to Rs 90.18 lakh from Rs 50.53 lakh. The rise in pre-tax profit followed a Rs 12.06 crore increase in total income to Rs 37.01 crore, while total expenses increased by Rs 11.67 crore to Rs 36.11 crore. Other comprehensive income was nil in both September-quarter periods.

What drove Inter State Oil Carrier’s profit increase?

Inter State Oil Carrier’s profit increase followed revenue growth that was marginally larger than the increase in total expenses. Total expenses rose 48% to Rs 36.11 crore in the September 2026 quarter from Rs 24.44 crore a year earlier, while total income rose 48% to Rs 37.01 crore from Rs 24.95 crore. This widened profit before tax to Rs 90.18 lakh from Rs 50.53 lakh.

Operating expenses were the largest reported cost line at Rs 32.79 crore, up from Rs 21.80 crore in the September 2025 quarter. The Rs 10.99 crore increase in this line accounted for most of the overall expense increase and accompanied a Rs 12.12 crore rise in revenue from operations. Operating expenses represented about 89% of revenue in both September-quarter periods, based on the reported figures.

Other reported costs also increased. Finance costs rose to Rs 75.05 lakh from Rs 57.32 lakh, depreciation and amortisation increased to Rs 1.39 crore from Rs 1.17 crore, employee benefits expense rose to Rs 67.78 lakh from Rs 54.49 lakh, and other expenses increased to Rs 50.24 lakh from Rs 35.46 lakh. Together, these four cost lines rose by Rs 67.60 lakh year on year.

Did Inter State Oil Carrier’s profit improve from June 2026?

Inter State Oil Carrier’s net profit increased 6% sequentially to Rs 67.12 lakh in the September 2026 quarter from Rs 63.12 lakh in the quarter ended June 30, 2026. Revenue from operations increased 27% to Rs 36.93 crore from Rs 29.13 crore, while profit before tax rose to Rs 90.18 lakh from Rs 65.72 lakh.

Total income rose by Rs 7.60 crore quarter on quarter to Rs 37.01 crore from Rs 29.41 crore. Total expenses increased by Rs 7.36 crore to Rs 36.11 crore from Rs 28.75 crore. Other income declined to Rs 8.04 lakh from Rs 28.30 lakh, so the sequential increase in total income was led by the Rs 7.80 crore increase in revenue from operations.

Tax expense was higher in the September quarter. Current tax was Rs 7.88 lakh, compared with Rs 6.17 lakh in June, while deferred tax was Rs 15.18 lakh after a deferred-tax credit of Rs 3.57 lakh in the preceding quarter. Total tax expense was therefore Rs 23.06 lakh in September, compared with Rs 2.60 lakh in June, limiting the increase in profit after tax relative to the rise in profit before tax.

What do Inter State Oil Carrier’s half-year results show?

Inter State Oil Carrier reported revenue from operations of Rs 66.06 crore for the half year ended September 30, 2026, up 30% from Rs 50.72 crore in the corresponding half year of 2025. Total income increased to Rs 66.42 crore from Rs 50.98 crore, while total expenses rose to Rs 64.87 crore from Rs 50.14 crore.

Half-year profit before tax was Rs 1.56 crore, compared with Rs 84.44 lakh a year earlier. Net profit more than doubled to Rs 1.30 crore from Rs 50.40 lakh, while basic and diluted EPS increased to Rs 2.61 from Rs 1.01. The half-year result comprises the quarters ended June 30, 2026 and September 30, 2026.

The half-year expense pattern included higher operating and financing costs. Operating expenses rose to Rs 58.64 crore from Rs 45.14 crore, finance costs increased to Rs 1.41 crore from Rs 1.03 crore, and depreciation and amortisation rose to Rs 2.67 crore from Rs 2.30 crore. Employee benefits expense was Rs 1.20 crore, compared with Rs 96.81 lakh in the previous-year half.

How did Inter State Oil Carrier’s margins change in the September quarter?

Inter State Oil Carrier’s profit before tax represented about 2.4% of total income in the September 2026 quarter, compared with about 2.0% in the September 2025 quarter. Net profit represented about 1.8% of total income, compared with about 1.2% a year earlier. These calculations use reported profit before tax of Rs 90.18 lakh and net profit of Rs 67.12 lakh on total income of Rs 37.01 crore.

The pre-tax margin movement reflected a Rs 12.06 crore increase in total income against an Rs 11.67 crore increase in total expenses. The after-tax result was also affected by total current and deferred tax of Rs 23.06 lakh in the September 2026 quarter, compared with Rs 19.63 lakh a year earlier. Inter State Oil Carrier did not report exceptional items or other comprehensive income in either quarter.

Conclusion

Inter State Oil Carrier delivered higher revenue and profit in both the September quarter and the first half of 2026-27. September-quarter revenue from operations rose 49% year on year to Rs 36.93 crore and net profit rose 117% to Rs 67.12 lakh, while the half-year net profit increased to Rs 1.30 crore from Rs 50.40 lakh. The increase in total income exceeded the increase in total expenses in the September quarter.

What to watch next is the publication of the unaudited results in newspapers and their upload to Inter State Oil Carrier’s website, as disclosed in the November 13, 2026 filing. The filing does not disclose a financial target, profit guidance or a specific operating plan, leaving subsequent reported revenue, costs, borrowings and cash flows as the available measures of whether the earnings trend continues.