Noida, May 19 (APAC Media): Shares of Indian Oil Corporation (IOCL) rose nearly 3% in early trade on Tuesday after the state-run refiner reported an 80% year-on-year jump in its consolidated net profit for the fourth quarter of FY26.
Indian Oil Corporation shares traded 3% higher at Rs 135.74 on the NSE around 12:25 am after touching an intraday high of Rs 135.86 during the session.
The company posted a net profit of Rs 15,176.08 crore for Q4FY26, compared with Rs 8,367.63 crore in the corresponding period of the previous fiscal year.
The company’s revenue from operations rose 7% year-on-year to Rs 2.36 lakh crore in Q4FY26, compared with Rs 2.21 lakh crore in the corresponding quarter of FY25.
Total income also increased 7.2% to Rs 2.38 lakh crore during the quarter under review against Rs 2.22 lakh crore in Q4FY25.
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The Board has recommended a final dividend of 12.5% for FY2025-26, translating into Rs 1.25 per equity share of face value Rs 10 each on the paid-up capital.
For the full fiscal year 2025–26, the company reported a 216.7% jump in consolidated net profit to Rs 43,677.32 crore.
The company’s refinery throughput rose to 19.732 million tonnes in the quarter, compared with 18.548 million tonnes in the corresponding period last year.
The Board has also approved the formation of a 50:50 joint venture in India between M11 Energy Transition Pvt. Ltd and Indian Oil Corporation at an estimated project cost of Rs 1,063.60 crore, subject to approvals from NITI Aayog, DIPAM and other authorities.
The proposed venture will set up a 100 KTPA HEFA-based sustainable aviation fuel project at Paradip, the company said.
The Ministry of Petroleum and Natural Gas has approved compensation of Rs 14,486 crore to the company towards under-recoveries on domestic LPG sales.
The payout covers losses incurred up to March 31, 2025, as well as anticipated under-recoveries likely to be incurred up to March 31, 2026.
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