Board recommends dividend of Rs. 1.25/- per share subject to approval of shareholders at the ensuing Annual General meeting.
IOC · price
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Indian Oil Corporation Board has recommended a final dividend of Rs. 1.25 per equity share (12.5% on face value of Rs. 10) for FY 2025-26, subject to shareholder approval at the ensuing AGM. The company reported strong annual results with net profit of Rs. 36,802.42 crore, nearly tripling from Rs. 12,961.57 crore in the previous year. Revenue from operations stood at Rs. 8,86,224.41 crore, while EPS improved significantly to Rs. 26.72 from Rs. 9.41. The profit increase was partly driven by government compensation of Rs. 6,035.85 crore towards LPG under-recoveries recognized during November-March period. The dividend payment will be made within 30 days of shareholder approval at AGM, with record date to be announced.
The tripling of profit and consistent dividend payout signals financial strength despite geopolitical headwinds in Middle East. The modest Rs. 1.25 dividend reflects conservative approach; shareholders should monitor for dividend yield calculations once stock price and record date are known.