IOC Q3 FY26: Net Profit soars 4x YoY to Rs 12,126 cr, GRM more than doubles

Pat Growth 25pctEbitda Margin ExpansionResults View source PDF Explain this filing

IOC · price

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Price reactionminutes from the announcement price · days from the prior close

+1.9%Reaction day

₹172.62

prior close

₹175.68

announcement price

In-mkt

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)-0.5%+2.4% vs market

Refineries & Marketing peers, median of 11sector-0.6%+2.5% vs sector

On the reaction day the stock moved 2.4 pts more than Nifty 100 and 2.5 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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Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Indian Oil reported strong Q3 FY26 standalone results. Revenue from operations rose 7 percent YoY to Rs 2,31,769 cr. Net profit jumped to Rs 12,125.86 cr from Rs 2,873.53 cr a year ago, driven by a sharp improvement in average gross refining margin to 8.41 dollars per barrel from 3.69 dollars. Nine-month FY26 net profit surged to Rs 25,424.91 cr versus Rs 5,696.72 cr. The government approved LPG under-recovery compensation of Rs 14,486 cr, of which Rs 2,414 cr was booked in Nov-Dec 2025. EPS for the quarter stood at Rs 8.81.

Likely market impact

Strong quarter for IOC. Higher GRM and government LPG support boosted earnings sharply, signalling better refining profitability and improved cash flow outlook.