Mumbai, Nov. 3 -- Net sales (excluding excise duty) rose 2.09% year-on-year (YoY) to Rs 1,04,912.47 crore in the September 2025 quarter.

Profit before tax (PBT) surged 169.14% YoY to Rs 8,595.55 crore during the quarter.

Total expenses decreased by 1.28% YoY to Rs 1,14,166.04 crore in Q2 FY26. The cost of materials consumed was Rs 51,990.47 crore (down 9.74% YoY), while employee benefits expenses stood at Rs 869.65 crore (up 13.10% YoY) during the period under review.

In Q2 FY26, the refinery throughput was at 9.82 million metric tonnes (MMT), down 4.47% from the 10.28 MMT posted in Q2 FY25. Domestic sales grew by 3.19% to 13.58 MMT in Q1 FY26 as against 13.16 MMT reported in Q1 FY25.

Domestic market sales growth added to 2.26% in Q2 ...