IOC Q1 Results: Maharatna public sector undertaking (PSU) — Indian Oil Corporation (IOC) — posted an 83% year-on-year (YoY) jump in consolidated net profit for the first quarter of the financial year 2025-26 (FY26) on Thursday, August 14. The sharp profit growth came despite revenue being largely unchanged.
The profit for Q1 FY26 stood at ₹6,808.12 crore compared with ₹3,722.63 crore posted in the same period last year. On a sequential basis, the figure was lower than the ₹8,367.63 crore profit posted in the March quarter of FY25.
Meanwhile, IOC’s revenue from operations stood at ₹2,21,849.02 crore during the April-June quarter, up just 0.9% YoY, against ₹2,19,864.34 crore posted in the same period last year.
The earnings before interest, tax, depreciation and amortisation (EBITDA) witnessed a 32.5% YoY jump during Q1 FY26 to ₹13,850.66 crore. The figure stood at ₹10,452.51 crore in the same period a year ago.
The operating margin also improved to 4.61% from 2.91% on a YoY basis, however, it was marginally down from 4.96% posted in the preceding quarter.
Its standalone net profit of ₹5,688.60 crore in April-June, compared to ₹2,643.18 crore earnings in the same period of the last year, according to a stock exchange filing by the company.
It earned $2.15 on every barrel of crude oil it processed and turned into fuels like petrol and diesel in Q1, compared to $6.39 per barrel gross refining margin last year. Core GRM after offsetting inventory loss came to $6.91 per barrel, according to a PTI report.
IOC shares hit day’s low after Q1 show
Following the Q1 results announcement, IOC share price declined to the day’s low, as the profit growth was lower than expectations.
IOC share price traded with cuts for most part of the session, but following the Q1 results announcement, it extended losses. The Maharatna PSU stock hit the day’s low of ₹140 on the BSE, down 1.65% against its last closing price of ₹142.40.
The large-cap PSU stock gained 19.49% in the last six months but lost 14% in a year.
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