Indian Oil Corporation Limited has informed the Exchange that Board of Directors at its meeting held on April 30, 2025, recommended Final Dividend of Rs. 3 per equity share.
IOC · price
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On the reaction day the stock moved 1.2 pts more than Nifty 100 and 2.1 pts more than its Refineries & Marketing peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Indian Oil Corporation reported audited financial results for the quarter and year ended March 31, 2025. Standalone revenue from operations fell to Rs. 8,45,512 crore from Rs. 8,66,345 crore last year, a decline of about 2.4%. Net profit dropped sharply to Rs. 12,962 crore from Rs. 39,619 crore in FY24, a fall of nearly 67%, mainly due to lower refining margins (average GRM fell to $4.80/bbl from $12.05/bbl). The Board recommended a final dividend of Rs. 3 per equity share (30% on face value of Rs. 10), subject to shareholder approval. The statutory auditors issued an unmodified (clean) opinion on both standalone and consolidated results.
Despite a steep fall in profits, shareholders will receive a Rs. 3 final dividend (in addition to any interim already paid). The sharp drop in GRM and earnings is a negative signal for short-term sentiment, though the dividend and clean audit opinion provide some support. Investors should watch refining margin trends and the open pension/pension trust litigation (Delhi High Court order) as a potential overhang.