Indian Oil Corporation Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
IOC · price
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Awaiting price reaction for this filing.
Indian Oil reported standalone net profit of ₹5,688.60 crore for Q1 FY26, more than doubling from ₹2,643.18 crore in Q1 FY25 (up ~115% YoY). Revenue from operations rose modestly to ₹2,18,607.70 crore from ₹2,15,988.76 crore (~1.2% growth), while EPS doubled to ₹4.13 from ₹1.92. Operating margin expanded sharply to 4.01% from 2.26% a year earlier. However, the average Gross Refining Margin (GRM) fell steeply to $2.15 per barrel from $6.39 per barrel, though core GRM (adjusted for inventory impact) was $6.91/bbl. The Union Cabinet has approved ₹30,000 crore compensation to public sector OMCs to offset accumulated LPG under-recoveries, but IOC's share is not yet recognised in this quarter (cumulative negative buffer stands at ₹23,644.98 crore). The audit committee reviewed results on Aug 13 and the board approved on Aug 14, 2025.
Strong profit growth driven by inventory gains and margin recovery is a positive signal for shareholders, but the sharp fall in headline GRM and absence of LPG compensation recognition cap the upside. The pending government compensation remains a key catalyst once IOC's share is formally communicated by the Ministry.