Indian Oil Q4 Results: Standalone Net Profit Soars 56% to ₹11,377 Crore

New Delhi: May 18, 2026: Indian Oil Corporation Limited (IOCL), India's largest commercial oil and gas enterprise, announced its audited standalone financial results for the quarter and year ended March 31, 2026, reporting a standalone net profit of ₹11,377.51 crore for Q4 FY26.

Financial Highlights (Standalone, Q4 FY26):

Net Profit: ₹11,377.51 crore (vs. ₹7,264.85 crore in Q4 FY25)
Total Income: ₹2,34,485.22 crore
Profit Before Tax (PBT): ₹15,322.37 crore
Earnings Per Share (EPS): ₹8.26 (Face value ₹10 each)
Revenue from Operations: ₹2,32,855.33 crore

Shareholder Reward: Final Dividend Recommended

The Board of Directors recommended a final dividend of 12.5% (₹1.25 per equity share of face value ₹10 each) for the financial year 2025-26.

Status: Subject to approval of shareholders at the ensuing Annual General Meeting (AGM)
Payment: Within 30 days from declaration at the AGM
Record Date: To be fixed and intimated in due course

Full Year Performance (Standalone, FY26):

Net Profit: ₹36,802.42 crore (vs. ₹12,961.57 crore in FY25)
Revenue from Operations: ₹8,86,224.41 crore (vs. ₹8,45,512.61 crore in FY25)
Earnings Per Share (EPS): ₹26.72 (vs. ₹9.41 in FY25)

Asset Quality & Key Metrics (as on March 31, 2026):

Net Worth: ₹2,04,544.34 crore
Debt Equity Ratio: 0.54 times
Current Ratio: 0.70 times
Net Profit Margin: 4.15% (for FY26)

Consolidated Results (Q4 FY26):

Including its subsidiaries, joint ventures, and associates, the consolidated net profit for Q4 FY26 stood at ₹15,176.08 crore, with a net profit attributable to equity holders of the parent at ₹14,458.08 crore.

Other Key Developments:

LPG Compensation: The Government approved compensation of ₹14,486 crore towards under-recoveries on domestic LPG sales. An installment of ₹6,035.85 crore for November 2025 to March 2026 was recognized as revenue.
Middle East Conflict: The conflict arising in late February 2026 led to crude oil price volatility, but profitability was largely insulated due to inventory procured at normal prices before the conflict.
Shipments: As of March 31, 2026, 3 crude oil shipments (₹5,411.83 crore) and 5 LPG shipments (₹618.64 crore) were waiting in the Arab Gulf/Persian Gulf region. All 5 LPG shipments have been received as of May 18, 2026.
Impairment: The company recognized an impairment loss of ₹1,212.42 crore against non-fossil/off-gas based fuel production facilities and ₹1,219.57 crore against investment in IndOil Global B.V.
Audit Committee: Due to non-availability of Independent Directors from March 28, 2026, the Audit Committee was discontinued. The financial results were reviewed and approved by the Board on May 18, 2026.
Board Meeting: The meeting commenced at 4:00 PM and concluded at 9:30 PM.

About Indian Oil Corporation Limited: Indian Oil Corporation Limited is a 'Maharatna' Central Public Sector Enterprise under the Ministry of Petroleum and Natural Gas. It is India's flagship national oil company with diversified interests across the entire hydrocarbon value chain, including refining, pipeline transportation, marketing, petrochemicals, exploration & production, and natural gas.