Indian Oil (IOC) Q4 Results: Net profit jumps 57% YoY, margin improves around 200 bps
Jagruti Jain
Indian Oil Corporation Ltd (IOCL) reported a strong rise in profitability for the quarter ended March 31, 2026, supported by improved operating performance and higher refining margins.
The state-run oil marketing company posted a standalone net profit of ₹11,377.51 crore in Q4 FY26, registering a rise of 56.9% from ₹7,264.85 crore reported in the corresponding quarter last year.
Revenue from operations stood at ₹2,32,855.33 crore during the March quarter, compared to ₹2,17,725.44 crore in Q4 FY25, reflecting a year-on-year increase of 6.9%.
Operational performance improved significantly during the quarter. EBITDA came in at ₹20,715.56 crore in Q4 FY26 as against ₹13,572.46 crore reported a year ago, marking a sharp increase of 52.6% YoY. EBITDA margin expanded to 8.9% from 6.2% in the corresponding quarter last year.
Profit before tax for the quarter stood at ₹15,322.37 crore compared with ₹8,786.72 crore in Q4 FY25.
On the expenditure front, excise duty expenses rose to ₹24,972.10 crore from ₹22,758.42 crore a year earlier, while other expenses increased to ₹18,538 crore compared to ₹12,269.26 crore in the corresponding quarter of the previous financial year. Finance costs stood at ₹1,849.27 crore during the quarter.
The company’s depreciation, amortisation and impairment expenses increased to ₹5,173.81 crore from ₹3,914.42 crore in Q4 FY25.
Indian Oil reported total comprehensive income of ₹14,677.40 crore for the quarter, compared to ₹8,233.37 crore a year ago. Earnings per share (EPS) stood at ₹8.26 for Q4 FY26, compared with ₹5.28 in the year-ago period.
Operationally, product sales for the quarter stood at 26.065 MMT, while refineries throughput came in at 19.732 MMT. Pipelines throughput during the quarter was reported at 27.656 MMT.