IOCL’s Q4FY26 consolidated net profit up 81%, announces final dividend of Rs 1.25

State-run Indian Oil Corp on Monday reported a surge of 81% in its consolidated net profit for Q4FY26 at Rs 15,176.08 crore against Rs 8,367.63 crore in the same period of the previous fiscal.

The company’s revenue from operations stood at Rs 2.36 lakh crore, up 7% from Rs 2.21 lakh crore in Q4FY25. Total income too increased by 7.2% to Rs 2.38 lakh crore during the quarter under review compared with Rs 2.22 lakh crore in Q4FY25.

The Board has recommended a final dividend of 12.5% for the year 2025-26 i.e. Rs. 1.25 per equity share of face value of Rs.10/- each on the paid-up share capital, subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the company.

For the full fiscal 2025-26, the company’s consolidated net profit surged 216.7% to Rs 43,677.32 crore.

The company’s refineries throughput increased to 19.732 million tonnes during the quarter from 18.548 million tonnes a year ago.

IOCL’s domestic sales stood at 26.065 million tonnes in Q4FY26 against 24.601 million tonnes in Q4FY25.

The Board of the company has also accorded approval for formation of a 50:50 Joint Venture Company in India between M11 Energy Transition Pvt. Ltd., and Indian Oil, at an estimated project cost of Rs 1,063.60 crore, subject to approval of NITI Aayog, DIPAM etc. for setting up of 100 KTPA HEFA-based Sustainable Aviation Fuel Project at Paradip, it said.

The oil ministry has approved compensation of Rs 14,486 crores to the company, towards under-recoveries incurred on sale of domestic LPG up to March 31, 2025 and likely to be incurred up to March 31, 2026.

In accordance with the letters, installments for the period from November 2025 to March 2026 aggregating to Rs 86,035.85 crores have been recognized as Revenue from Operations by the company and the cumulative net negative buffer has been reduced to that extent, the company said.