How Did Indian Oil's Net Profit Increase by Nearly 60% in Q3 FY26?
Synopsis
Indian Oil Corporation (IOC) has reported an impressive 59.3% surge in net profit for Q3 FY26, leading to a significant jump in its stock price. This article delves into the financial results, including revenue growth and refining margins, and explores IOC's recent achievements and future prospects.
Key Takeaways
59.3% increase in net profit for Indian Oil Corporation.
Revenue growth to Rs 2.04 lakh crore .
EBITDA improved by 42.8% .
Stock price increased by 1.79% during intraday trading.
IOC is advancing in India's upstream energy sector.
Mumbai, Feb 5 (NationPress) Shares of Indian Oil Corporation (IOC) surged on Thursday after the government-owned refiner announced a remarkable profit increase of nearly 60% for the December quarter of FY26.
Indian Oil reported a 59.3% rise in net profit, reaching Rs 12,126 crore compared to Rs 7,610.5 crore in the previous quarter. Revenue for the reported quarter also saw an uptick, climbing to Rs 2.04 lakh crore, up approximately 14.3% from Rs 1.78 lakh crore in the prior quarter.
Earnings before interest, tax, depreciation, and amortization (EBITDA) increased by 42.8% sequentially, amounting to Rs 20,824.8 crore compared to Rs 14,584 crore. The EBITDA margin improved by 200 basis points, reaching 10.2% from 8.2% in the previous quarter.
The average Gross Refining Margin (GRM) for April to December 2025 stood at $8.41 per barrel, a significant rise from $3.69 per barrel during the same period in 2024.
Further, the core GRM, which accounts for inventory fluctuations, was reported at $9.86 per barrel for the same period.
IOC's shares have appreciated by 6.58% over the past month and 39.10% over the last year.
An international consortium, including ONGC Videsh Limited (OVL), Indian Oil Corporation (IOC), Oil India Limited (OIL), Repsol from Spain, and Petronas from Malaysia, won an international bidding in April 2008 to develop a multi-million dollar oil project in the Carabobo area of Venezuela's Orinoco belt.
Recently, Indian Oil Corporation (IOC) announced a significant advancement in India's upstream energy sector with the initiation of domestic production from the Jyoti-1 well in Gujarat.
On the stock market, IOC's shares saw a rise of 1.79% during intraday trading, closing at Rs 175.87, an increase of Rs 3.09 for the day.
Point of View
The dramatic rise in Indian Oil Corporation's profits illustrates the resilience of the energy sector in India. This impressive financial performance not only enhances investor confidence but also plays a crucial role in India's economic recovery. As the nation continues to navigate challenges, IOC's growth serves as a beacon of hope and progress.
NationPress
12 May 2026
Frequently Asked Questions
What were the key financial highlights for Indian Oil in Q3 FY26?
Indian Oil reported a net profit increase of 59.3% to Rs 12,126 crore, with revenue rising to Rs 2.04 lakh crore.
How has Indian Oil stock performed recently?
IOC shares have appreciated by 6.58% over the past month and 39.10% over the last year.
What is the significance of the Gross Refining Margin for IOC?
The average Gross Refining Margin for April to December 2025 was $8.41 per barrel, indicating a strong refining performance compared to previous periods.
