IOC Q4 results: Cons PAT surges 78% YoY to Rs 14,458 crore, revenue rises 7%

Indian Oil Corporation (IOC) reported a consolidated net profit at Rs 14,458 crore in the March-ended quarter versus Rs 8,124 crore in the year ago period, implying a 78% surge. The profits are attributable to the equity holders of the parent.

The revenue from operations posted a revenue growth of 7% to Rs 2,36,899 crore in Q4FY26 was versus Rs 2,21,360 crore posted by the company in the corresponding quarter of the previous financial year.

The company’s board also recommended a final dividend of Rs 1.25 per equity share subject to the approval of the shareholders at the upcoming Annual General Meeting (AGM). The final dividend will be paid within 30 days from the date of declaration at the AGM. The record date for payment of final dividend would be fixed and intimated in due course.

The company’s profit after tax (PAT) grew 11% on a sequential basis versus Rs 13,007 crore in Q3FY26 while the topline saw a marginal uptick of 0.27% quarter-on-quart versus Rs 2,36,257 crore in the October-December quarter of FY2026.

The state-run oil marketing companies incurred expenses of Rs 2.19 lakh crore in the quarter under review versus Rs 2.20 crore and Rs 2.12 crore in the corresponding quarter of the last financial year. The expenses were made on ithe heads like ‘Cost of Materials Consumed’, excise duty, purchase of stock in trade, employee benefits and finance cost, among other things.

The profit before tax (PBT) in the quarter under review stood at Rs 19,791 crore in Q4FY26 versus Rs 17,827 crore in Q3FY26 and Rs 10,044 crore in Q4FY25.The company assets as on March 31, 2026 stood at Rs 5,28,956 crore versus Rs 5,07,200 crore as on March 31, 2025.The company in its filing to exchanges said the conflict in Middle East region which began in February, led to supply uncertainties and resultant volatility in the price of crude oil and petroleum products in the international market. However, the profitability for the year 2025-26 was largely insulated from the impact of these developments due to inventory procured at normal prices before the conflict, the filing said.

The company improved its debt-to-equity ratio to 0.53 in Q4FY26 versus 0.60 in Q3FY26 and 0.75 in Q4FY25.

The profit margin stood at 6.41% in Q4FY26 versus 5.72% in Q3FY26 and 3.78% in Q4FY25 while operating margin stood at 8.40% in Q4FY26 versus 7.94% in Q3FY26 and 4.96% in Q4FY25.(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)