Indian Oil Corporation Share Price: As the earnings season is underway, several companies have been sharing their earnings for the fourth quarter ended March 31, 2026. Indian Oil Corporation Ltd (IOCL) has also declared its earnings for Q4 FY26 on Monday, May 18.
The brokerage firm Nuvama Research upgraded its rating to hold, with a target price of Rs 148. Here’s why:
The brokerage highlighted that, despite subdued near-term earnings visibility, the downside appears limited, as IOCL has corrected by 23 per cent over 3M.
However, limited triggers cap upside. Therefore, the brokerage upgraded IOCL to ‘HOLD’ from ‘REDUCE’.
The brokerage further highlighted that the company’s transparency plummets as IOCL stops GRM disclosure
The company’s Q4 EBITDA and PAT beat estimates, driven by likely strong GRMs, inventory gains, and higher crude throughput of 19.7 MMT, up 6% YoY and 2% QoQ, along with domestic sales volume of 23 MMT, which also rose 6% YoY.
Standalone net profit in January-March — the fourth and the final quarter of the 2025-26 fiscal year — rose to Rs 11,377.51 crore from Rs 7,264.85 crore a year back, the company said in a stock exchange filing.
The record quarter profit came despite the company suffering huge losses on selling petrol, diesel, and cooking gas LPG below cost in March, as it, along with other state-owned fuel retailers, insulated the domestic market from volatility that hit the international market after the start of the West Asia conflict, according to PTI.
“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. The final dividend would be paid within 30 days from the date of declaration at the AGM. The record date for payment of final dividend would be fixed and intimated in due course,” said Indian Oil in an exchange filing.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
