| Scrip Code | 530965 |
|---|---|
| NSE Symbol | IOC |
| MSEI Symbol | NOTLISTED |
| ISIN | INE242A01010 |
| Name of company | Indian Oil Corporation Limited |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 05-02-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 16-01-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Third quarter |
| Nature of report standalone or consolidated | Standalone |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Unaudited |
| Segment Reporting | Multi segment |
| Description of single segment | |
| Start date and time of board meeting | 05-02-2026 11:00:00 |
| End date and time of board meeting | 05-02-2026 13:15:00 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Not applicable |
| Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? | No |
| No. of times funds raised during the quarter | |
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? | No |
| NIL as there is no default in the payment of outstanding Loans / revolving facilities, Unlisted debt securities.of outstanding Loans / revolving facilities, Unlisted debt securities. | |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 1 | Income | ||
| Revenue from operations | 2,31,76,904.00 | 6,53,36,908.00 | |
| Other income | 1,22,244.00 | 3,35,842.00 | |
| Total income | 2,32,99,148.00 | 6,56,72,750.00 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 97,74,964.00 | 2,84,34,927.00 |
| (b) | Purchases of stock-in-trade | 63,00,255.00 | 1,88,86,300.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 6,71,921.00 | 6,99,280.00 |
| (d) | Employee benefit expense | 2,84,382.00 | 8,51,850.00 |
| (e) | Finance costs | 1,97,773.00 | 6,11,975.00 |
| (f) | Depreciation, depletion and amortisation expense | 4,07,712.00 | 11,79,101.00 |
| (f) | Other Expenses | ||
| 1 | Excise Duty | 27,34,465.00 | 77,09,444.00 |
| 2 | Impairment loss (including reversal of impairment loss) on Financial Assets | 46,342.00 | 47,291.00 |
| 3 | Net loss on de-recognition of financial asset | 58.00 | 138.00 |
| 4 | Other expenses | 12,82,120.00 | 39,06,240.00 |
| Total other expenses | 40,62,985.00 | 1,16,63,113.00 | |
| Total expenses | 2,16,99,992.00 | 6,23,26,546.00 | |
| 3 | Total profit before exceptional items and tax | 15,99,156.00 | 33,46,204.00 |
| 4 | Exceptional items | 0.00 | 0.00 |
| 5 | Total profit before tax | 15,99,156.00 | 33,46,204.00 |
| 6 | Tax expense | ||
| 7 | Current tax | 3,65,449.00 | 7,35,620.00 |
| 8 | Deferred tax | 21,121.00 | 68,093.00 |
| 9 | Total tax expenses | 3,86,570.00 | 8,03,713.00 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 12,12,586.00 | 25,42,491.00 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | 12,12,586.00 | 25,42,491.00 |
| 17 | Other comprehensive income net of taxes | 6,484.00 | (46,277.00) |
| 18 | Total Comprehensive Income for the period | 12,19,070.00 | 24,96,214.00 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | |||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | |||
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 14,12,124.00 | 14,12,124.00 | |
| Face value of equity share capital | 10 | 10 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | ||
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 8.81 | 18.46 | |
| Diluted earnings (loss) per share from continuing operations | 8.81 | 18.46 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 8.81 | 18.46 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 8.81 | 18.46 | |
| 24 | Debt equity ratio | 0.600 | 0.600 |
| 25 | Debt service coverage ratio | 3.0800 | 2.4800 |
| 26 | Interest service coverage ratio | 9.6300 | 7.2600 |
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | Notes to Standalone Unaudited Financial Results: 1) The above results have been reviewed and recommended by the Audit Committee in its meeting held on 4th February 2026 and approved by the Board of Directors in its meeting held on 5th February 2026. 2) The Financial Results have been reviewed by the Statutory Auditors as required under Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. 3) Average Gross Refining Margin (GRM) for the period April - December 2025 is $8.41 per bbl (April - December 2024: $3.69 per bbl). The core GRM or the current price GRM for the period April - December 2025 after offsetting inventory loss/ gain comes to $9.86 per bbl. 4) For computing Earnings Per Share, shares held under “IOC Shares Trust” of face value Rs.349.68 crore has been excluded from Paid-up Equity Share Capital. 5) The Ministry of Petroleum and Natural Gas (MoP&NG), vide letter dated 30th April 2020 had conveyed to Oil Marketing Companies (OMCs) that where Market Determined Price (MDP) of LPG cylinders is less than its Effective Cost to Customer, the OMCs will retain the difference in a separate buffer account for future adjustment. However, as on 31st December 2025, the Company had a cumulative net negative buffer of Rs.24,318.60 Crore. MoP&NG, vide letters dated 3rd and 24th October 2025, has conveyed Government’s approval for compensation of Rs.14,486 crore to the Company, towards under-recoveries incurred on sale of domestic LPG up to 31.03.2025 and likely to be incurred up to 31.03.2026 and it will be disbursed in 12 equal monthly instalments, the accrual of which shall only be on monthly basis starting from November 2025 and thereafter will be disbursed accordingly. In accordance with the letters, instalment for Nov’25 & Dec’25 aggregating to Rs.2,414.34 crore has been recognised as Revenue from Operations in the books of account and the cumulative net negative buffer has been reduced to that extent. 6) The Government of India has notified four Labour Codes - namely the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 - with effect from 21st November 2025, which consolidates 29 existing labour laws. The Ministry of Labour & Employment has published draft Central Rules and FAQs on these codes, but the relevant rules are yet to be notified. Based on the available information as at reporting date, no material liability is envisaged in this regard. Financial impact will be reviewed once the relevant rules are notified. 7) Consequent to the favourable orders from Hon'ble Supreme Court and Gujarat VAT Tribunal on the subject of VAT Input Tax Credit under Gujarat VAT Act 2005, provision created in earlier years were reversed during the relevant period in the previous year and the same was disclosed as an Exceptional Item. 8) Figures relating to the previous periods have been regrouped wherever necessary to conform to the figures of the current period. |
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| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-10-2025 | 01-04-2025 | |||||
| Date of end of reporting period | 31-12-2025 | 31-12-2025 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Standalone | Standalone | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| 1 | Petroleum Products | 2,17,89,001.00 | 6,13,19,239.00 | ||||
| 2 | Petrochemicals | 6,93,577.00 | 20,09,122.00 | ||||
| 3 | Gas | 11,69,082.00 | 33,13,488.00 | ||||
| 4 | Other Business Activities | 43,098.00 | 1,21,855.00 | ||||
| Total Segment Revenue | 2,36,94,758.00 | 6,67,63,704.00 | |||||
| Less: Inter segment revenue | 5,17,854.00 | 14,26,796.00 | |||||
| Revenue from operations | 2,31,76,904.00 | 6,53,36,908.00 | |||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| 1 | Petroleum Products | 16,83,608.00 | 37,24,284.00 | ||||
| 2 | Petrochemicals | (36,151.00) | (19,411.00) | ||||
| 3 | Gas | 59,645.00 | 89,035.00 | ||||
| 4 | Other Business Activities | (2,338.00) | (41,066.00) | ||||
| Total Profit before tax | 17,04,764.00 | 37,52,842.00 | |||||
| i. Finance cost | 1,97,773.00 | 6,11,975.00 | |||||
| ii. Other Unallocable Expenditure net off Unallocable income | (92,165.00) | (2,05,337.00) | |||||
| Profit before tax | 15,99,156.00 | 33,46,204.00 | |||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| 1 | Petroleum Products | 3,51,25,118.00 | 3,51,25,118.00 | ||||
| 2 | Petrochemicals | 42,92,862.00 | 42,92,862.00 | ||||
| 3 | Gas | 15,17,757.00 | 15,17,757.00 | ||||
| 4 | Other Business Activities | 2,68,373.00 | 2,68,373.00 | ||||
| Total Segment Asset | 4,12,04,110.00 | 4,12,04,110.00 | |||||
| Un-allocable Assets | 76,07,289.00 | 76,07,289.00 | |||||
| Net Segment Asset | 4,88,11,399.00 | 4,88,11,399.00 | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| 1 | Petroleum Products | 1,40,38,010.00 | 1,40,38,010.00 | ||||
| 2 | Petrochemicals | 2,40,013.00 | 2,40,013.00 | ||||
| 3 | Gas | 5,19,758.00 | 5,19,758.00 | ||||
| 4 | Other Business Activities | 97,306.00 | 97,306.00 | ||||
| Total Segment Liabilities | 1,48,95,087.00 | 1,48,95,087.00 | |||||
| Un-allocable Liabilities | 1,46,54,182.00 | 1,46,54,182.00 | |||||
| Net Segment Liabilities | 2,95,49,269.00 | 2,95,49,269.00 | |||||
| Disclosure of notes on segments | Textual Information(2) | ||||||
| Textual Information(2) | Notes: A. segment revenue comprises revenue from operations (inclusive of excise duty) and other operatiing income. B. other business activities segment of the Company comprises ; Oil & Gas Exploration activities, explosives and cryogenic business and wind mill and solar power generation. C. Figures relating to the previous periods have been regrouped wherever necessary to confirm to the figures of the current period. |
|---|
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Amount of items that will not be reclassified to profit and loss | 10,403.00 | (46,814.00) |
| Total Amount of items that will not be reclassified to profit and loss | 10,403.00 | (46,814.00) | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 1,728.00 | (6,060.00) |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| 1 | Amount of items that will be reclassified to profit and loss | (1,790.00) | (5,627.00) |
| Total Amount of items that will be reclassified to profit and loss | (1,790.00) | (5,627.00) | |
| 4 | Income tax relating to items that will be reclassified to profit or loss | 401.00 | (104.00) |
| 5 | Total Other comprehensive income | 6,484.00 | (46,277.00) |