IOCL Reports 81% Rise in Consolidated Net Profit for Q4FY26, Declares Final Dividend of Rs 1.25

Indian Oil Corp Reports 81% Surge in Consolidated Net Profit for Q4FY26

Indian Oil Corp, the state-run oil major, has reported a significant increase in its consolidated net profit for the fourth quarter of fiscal year 2026 (Q4FY26). The company's net profit surged by 81% to Rs 15,176.08 crore, up from Rs 8,367.63 crore in the same period of the previous fiscal year.

In terms of revenue, Indian Oil Corp's operations generated Rs 2.36 lakh crore, a 7% increase from Rs 2.21 lakh crore in Q4FY25. Total income also saw a 7.2% rise to Rs 2.38 lakh crore during the quarter under review, compared to Rs 2.22 lakh crore in Q4FY25.

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For the full fiscal year 2025-26, Indian Oil Corp's consolidated net profit saw an impressive 216.7% increase to Rs 43,677.32 crore. The company's refineries throughput also increased to 19.732 million tonnes during the quarter, up from 18.548 million tonnes a year ago. Domestic sales stood at 26.065 million tonnes in Q4FY26, compared to 24.601 million tonnes in Q4FY25.

The company has also received approval from the oil ministry for compensation of Rs 14,486 crores towards under-recoveries incurred on sale of domestic LPG up to March 31, 2025 and likely to be incurred up to March 31, 2026. Additionally, the Board has recommended a final dividend of 12.5% for the year 2025-26, subject to the approval of shareholders at the ensuing Annual General Meeting (AGM).

The Board has also accorded approval for the formation of a 50:50 Joint Venture Company in India between M11 Energy Transition Pvt. Ltd. and Indian Oil, at an estimated project cost of Rs 1,063.60 crore. The project is for setting up a 100 KTPA HEFA-based Sustainable Aviation Fuel Project at Paradip, subject to approval from NITI Aayog, DIPAM, and other relevant authorities.