Indian Oil FY26 profit ₹42,096 crore; ₹1.25 dividend

What Indian Oil announced for FY26

Indian Oil Corporation (IOC) has announced its audited financial results for the quarter and financial year ended March 31, 2026. The company reported consolidated net profit attributable to equity holders of ₹42,096.26 crore for the full year. It also posted consolidated revenue from operations of ₹9,01,452.70 crore for the year.

Alongside the results, IOC’s Board of Directors recommended a final dividend of ₹1.25 per equity share. The dividend is on shares with a face value of ₹10 each and is subject to shareholder approval at the upcoming Annual General Meeting (AGM).

Key FY26 numbers disclosed

For the financial year ended March 31, 2026, IOC’s consolidated performance was anchored by the revenue and profit figures disclosed in its audited results. The net profit figure cited in the announcement is the profit attributable to equity holders. On a standalone basis, IOC reported an annual net profit of ₹36,802.42 crore.

The company also highlighted a specific government compensation item tied to LPG under-recoveries. It recognised ₹6,035.85 crore as revenue compensation from the government for LPG under-recoveries for the period November 2025 to March 2026.

Dividend recommendation: rate, amount, and conditions

IOC’s board recommended a final dividend of 12.5%, which corresponds to ₹1.25 per equity share. The company explicitly linked this to the ₹10 face value of each equity share. The payout is contingent on shareholder approval at the ensuing AGM.

The disclosure frames the dividend as part of IOC’s approach to shareholder returns, but it does not provide a record date or payment timeline in the provided text. As stated, the decision becomes effective only after shareholder approval.

What supported profitability during the year

IOC noted that profitability for the year was “largely insulated” because inventory procurement happened at normalised prices prior to the conflict referenced in the text. While the announcement does not quantify the total inventory impact, it positions inventory timing as a key factor in cushioning the year’s profitability.

In addition, the company’s recognition of ₹6,035.85 crore in government compensation for LPG under-recoveries (November 2025 to March 2026) is a material line item mentioned alongside the discussion on profitability.

Results timeline and investor touchpoints

Separately, the provided information also states IOC will announce its Q4 FY2025-26 results and consider a dividend on May 18. It further notes that the company will host a conference call on Tuesday, May 19, 2026 at 3 pm IST for analysts and investors to discuss strategy and performance with management.

Taken together, the disclosures point to a defined results and communication schedule around mid-May. The conference call is positioned as the primary forum for detailed management commentary and Q and A.

Stock performance: recent decline in focus

The stock’s recent drawdown is highlighted alongside the operating updates. According to the provided text, IOC shares fell over 22% in six months. Over the past five trading days, the stock is down 4.83%. Year-to-date, the share price has fallen 18.68%.

The data also points to a key price marker: the stock touched a 52-week low of ₹130.22 on April 2, 2026. The text frames this as reflecting investor worries, despite the company’s position as a major energy company.

Q3 FY26 snapshot: sequential improvement cited

The information includes a snapshot of IOC’s December-quarter performance (Q3 FY26). It states IOC reported nearly 60% higher net profit compared to the previous quarter. Revenue climbed to ₹2,04,000 crore, up 14.3% from ₹1,79,000 crore in the prior quarter.

EBITDA rose 43% quarter-on-quarter to ₹20,824 crore. The EBITDA margin widened to 10.2% from 8.2% in the previous quarter, indicating improved operating profitability in that period.

Summary table of disclosed figures

Market impact: what investors may track next

The audited FY26 profit and revenue numbers, together with the dividend recommendation, provide investors a clearer view of the year’s headline performance. The mention of inventory procurement at normalised prices and the explicit LPG compensation figure adds context on how earnings were supported during the year.

At the same time, the stock’s decline over the last six months and the 52-week low noted in early April indicate that the market narrative is not only about reported profits. The May 19 conference call is likely to be a key event for analysts seeking clarity on performance drivers, including the role of inventory gains and the LPG under-recovery mechanism referenced.

Conclusion

Indian Oil’s audited FY26 results show consolidated revenue from operations of ₹9,01,452.70 crore and net profit attributable to equity holders of ₹42,096.26 crore, with a recommended final dividend of ₹1.25 per share pending AGM approval. The company has also flagged ₹6,035.85 crore in LPG under-recovery compensation and cited inventory procurement timing as a support to profitability. Investors will track the scheduled management interaction on May 19, 2026 at 3 pm IST for additional detail on performance and outlook, as referenced in the provided information.