Indian Oil FY26 Profit Surges; Shares Rise 2.32% After Dividend Announcement

Mumbai, May 19: Indian Oil Corporation Ltd reported a sharp increase in standalone net profit for the year ended March 31, 2026, and recommended a final dividend of ₹1.25 per equity share, following which the stock traded higher on Tuesday.

According to the company’s exchange filing on Monday, standalone net profit for FY26 rose to ₹36,802.42 crore from ₹12,961.57 crore in the previous financial year.

Revenue from operations increased to ₹8,86,224.41 crore compared with ₹8,45,512.61 crore in FY25. Profit before tax climbed to ₹48,784.41 crore against ₹15,882.34 crore a year earlier.

For the March 2026 quarter, the company reported standalone net profit of ₹11,377.51 crore versus ₹7,264.85 crore in the corresponding quarter last year. Quarterly revenue from operations stood at ₹2,32,855.33 crore compared with ₹2,17,725.44 crore in the year-ago period.

The board recommended a final dividend of 12.5%, translating into ₹1.25 per equity share of face value ₹10 each. The company stated that the dividend would be paid within 30 days from the date of declaration at the annual general meeting, subject to shareholder approval.

Indian Oil Share Price Gains After Results

Indian Oil share price traded higher on May 19 after the earnings announcement and dividend recommendation.

As of 10:17 AM IST on May 19, 2026, shares of Indian Oil Corporation Ltd were trading at ₹134.87 on the NSE, up ₹3.06 or 2.32% from the previous close of ₹131.81.

The stock opened at ₹134.10 and touched an intraday high of ₹135.63, while the day’s low stood at ₹133.34. The company’s market capitalisation stood at approximately ₹1.90 lakh crore.

Operational metrics also improved during FY26. Refinery throughput increased to 75.451 million metric tonnes from 71.564 million metric tonnes in FY25. Pipeline throughput rose to 105.556 million metric tonnes from 100.477 million metric tonnes in the previous year.

Domestic product sales climbed to 99.904 MMT compared with 95.375 MMT a year earlier.

Company Background

Indian Oil Corporation Ltd is India’s largest state-owned oil refining and fuel marketing company with operations spanning refining, pipelines, petrochemicals, natural gas and fuel retailing.

The company operates an extensive fuel distribution and pipeline network across India and remains one of the country’s key energy infrastructure operators.

According to regulatory disclosures, Indian Oil continues to invest in refining expansion, petrochemicals integration, pipeline infrastructure and cleaner energy initiatives.

The company reported operating cash flow generation of ₹71,398.57 crore during FY26 compared with ₹33,286.26 crore in FY25.

Conclusion

Indian Oil closed FY26 with substantially higher profitability, improved operational throughput and stronger cash generation.

The dividend recommendation and positive market reaction indicate investor focus on earnings recovery and operational momentum as the company enters FY27.

Source:

https://www.nseindia.com/get-quote/equity/IOC/Indian-Oil-Corporation-Limited

https://www.bseindia.com/xml-data/corpfiling/AttachLive/0cd1af48-de45-460c-98f5-0db3bea56e83.pdf