Mumbai, 5 February 2026: Indian Oil Corporation Limited (IOCL), the Maharatna energy giant, reported a stellar surge in its Q3 FY2026 net profit, posting ₹12,126 crore, a 322% year-on-year (YoY) increase from ₹2,874 crore in the same period last year. The robust performance was primarily driven by strong refining margins and government-approved LPG compensation.
Q3 FY2026 Financial Highlights (Standalone)
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Revenue from Operations: ₹2,31,769 crore
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Net Profit: ₹12,126 crore (+322% YoY)
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Profit Before Tax (PBT): ₹15,992 crore (+361% YoY)
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EPS: ₹8.81 (Basic & Diluted)
Nine-Month Performance (Apr-Dec 2025)
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Revenue from Operations: ₹6,53,369 crore
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Net Profit: ₹25,425 crore (+346% YoY)
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PBT: ₹33,462 crore (+371% YoY)
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EPS: ₹18.46
Operational Highlights:
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Gross Refining Margin (GRM): $8.41 per barrel (up from $3.69/bbl YoY)
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Domestic Product Sales: 73.84 MMT
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Refinery Throughput: 55.72 MMT
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Government LPG Compensation Recognized: ₹2,414.34 crore for Q3
The consolidated Q3 net profit stood at ₹13,502 crore, with ₹13,007 crore attributable to equity holders, reflecting IOCL’s resilient operations amid a favorable market environment.
Also Read: IndianOil Q3 Profit Soars 322% to ₹12,126 Crore on Strong Refining Margins
Hindustan Copper Limited (HCL) Q3 FY26 Performance
HCL reported robust standalone results for Q3 FY2026 ending December 31, 2025, with net profit rising 148.5% YoY to ₹156.31 crore on revenue of ₹687.34 crore. The Board declared an interim dividend of ₹1 per equity share (20% of face value ₹5).
Q3 FY2026 Financial Highlights (Standalone):
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Revenue from Operations: ₹687.34 crore (+109.7% YoY)
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Net Profit: ₹156.31 crore (+148.5% YoY)
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Profit Before Tax (PBT): ₹212.53 crore (+152% YoY)
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EPS: ₹1.62
HCL’s operational focus remains on copper mining, refining, and wire rod production, with strategic joint ventures like Chhattisgarh Copper Limited and Khanij Bidesh India Limited (KABIL) supporting expansion and overseas mineral acquisition.f
Also Read: Hindustan Copper Q3 FY2026 Profit Surges 148%, Declares 20% Interim Dividend
Power Finance Corporation (PFC) Q3 FY26 Performance
PFC, India’s leading power sector financier, posted a Q3 standalone net profit of ₹4,763 crore, marking a 15% YoY growth from ₹4,155 crore. The Board declared a third interim dividend of ₹4 per equity share, raising cumulative FY26 interim dividends to ₹11.35 per share.
Q3 FY2026 Financial Highlights (Standalone):
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Revenue from Operations: ₹14,656 crore
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Net Profit: ₹4,763 crore (+15% YoY)
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Profit Before Tax (PBT): ₹5,957 crore
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EPS: ₹14.43
The consolidated results, including REC Limited, showed net profit of ₹8,212 crore, reflecting strong loan growth, improving asset quality, and prudent capital management.
Also Read: Power Finance Corporation Q3 FY26 profit rises 15% to ₹4,763 crore, declare
Summary
The latest Q3 FY26 results underscore the robust performance of India’s public sector enterprises, with IOCL leading growth in the energy sector, HCL showing strong mining and dividend performance, and PFC demonstrating financial stability and sustained lending capacity in the power sector.