IOC (Indian Oil Corporation)'s Q1 FY 2025-26 Quarterly Results

Result Summary

• IOC (Indian Oil Corporation) reported a 3.6% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 0.7%.
• Its expenses for the quarter were down by 3.9% QoQ and 2.4% YoY.
• The net profit increased 24.1% QoQ and increased 82.9% YoY.
• The earnings per share (EPS) of IOC (Indian Oil Corporation) stood at 4.95 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Indian Oil Corporation (IOC) is one of India's largest commercial enterprises, primarily operating in the oil and gas sector. As a leading player in the energy industry, IOC engages in refining, pipeline transportation, and marketing of petroleum products. It also involves itself in the exploration and production of crude oil and natural gas. The company’s key products include fuels, lubricants, and petrochemicals. IOC has a significant presence in both domestic and international markets, with a robust network of refineries and distribution channels. Recent major developments in the company typically focus on expanding its refining capacity, enhancing its renewable energy portfolio, and investing in technology advancements to improve operational efficiency.

Revenue

In the first quarter of the fiscal year 2026 (Q1FY26), Indian Oil Corporation reported a total income of ₹192,923.90 crores. This reflects a quarter-over-quarter (QoQ) decrease of 3.6% compared to the fourth quarter of FY25 (Q4FY25), where the total income was ₹200,103.28 crores. Additionally, year-over-year (YoY) performance shows a slight decline of 0.7% when compared to the same quarter in the previous fiscal year (Q1FY25), which recorded a total income of ₹194,377.56 crores. These figures indicate fluctuations in revenue generation, which may be attributed to various market and operational factors.

Profitability

Profitability metrics for IOC in Q1FY26 highlight an improvement in its bottom line. The profit before tax (PBT) stood at ₹7,602.03 crores, marking a substantial QoQ increase of 5.8% from Q4FY25's PBT of ₹7,183.10 crores. This also represents a significant YoY surge of 78.0% from Q1FY25's PBT of ₹4,269.87 crores. The profit after tax (PAT) similarly showed robust growth, reaching ₹6,808.12 crores in Q1FY26, which is a 24.1% increase from the previous quarter's PAT of ₹5,487.92 crores. YoY, PAT grew by an impressive 82.9% from Q1FY25's ₹3,722.63 crores. Earnings per Share (EPS) also rose to ₹4.95, reflecting a 32.4% QoQ and 93.4% YoY increase, depicting enhanced shareholder value.

Operating Metrics

The total expenses for IOC in Q1FY26 were reported at ₹185,321.95 crores, which signifies a QoQ decrease of 3.9% from Q4FY25's expenses of ₹192,854.86 crores. When compared YoY, there is a 2.4% reduction from Q1FY25's total expenses of ₹189,871.36 crores. The tax expenses for the current quarter were ₹1,942.36 crores, showing a marginal QoQ increase of 0.6% from Q4FY25's tax of ₹1,931.72 crores. However, on a YoY basis, the tax expenses have risen by 73.7% from Q1FY25's ₹1,118.41 crores. These figures demonstrate the company's cost management and tax obligations over the period.

In summary, the financial data for IOC in Q1FY26 presents an intricate picture of its operational and financial dynamics, with key metrics indicating diverse performance outcomes relative to prior quarters and the corresponding quarter last year.