Integrated Filing — IndAS



General information about company

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 18-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 04-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 18-05-2026   16:00:00
End date and time of board meeting 18-05-2026   21:30:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

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 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 2,36,89,933.00 9,01,45,270.00
Other income 1,77,496.00 4,16,299.00
Total income 2,38,67,429.00 9,05,61,569.00
2 Expenses
(a) Cost of materials consumed 1,10,84,661.00 4,33,58,437.00
(b) Purchases of stock-in-trade 51,74,049.00 1,93,97,716.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (2,31,994.00) 5,56,228.00
(d) Employee benefit expense 2,43,472.00 11,43,458.00
(e) Finance costs 1,88,012.00 8,30,788.00
(f) Depreciation, depletion and amortisation expense 5,55,691.00 18,42,024.00
(f) Other Expenses
1 Excise duty 28,61,007.00 1,17,03,727.00
2 Impairment loss (including reversal of impairment loss) on Financial Assets 65,872.00 1,12,999.00
3 Net loss on de-recognition of financial asset at amortised cost 426.00 569.00
4 Other expenses 20,12,060.00 61,65,971.00
Total other expenses 49,39,365.00 1,79,83,266.00
Total expenses 2,19,53,256.00 8,51,11,917.00
3 Total profit before exceptional items and tax 19,14,173.00 54,49,652.00
4 Exceptional items 0.00 0.00
5 Total profit before tax 19,14,173.00 54,49,652.00
6 Tax expense
7 Current tax 5,12,822.00 13,40,925.00
8 Deferred tax (51,326.00) 38,551.00
9 Total tax expenses 4,61,496.00 13,79,476.00
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 14,52,677.00 40,70,176.00
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 64,931.00 2,97,556.00
16 Total profit (loss) for period 15,17,608.00 43,67,732.00
17 Other comprehensive income net of taxes 4,13,281.00 4,73,148.00
18 Total Comprehensive Income for the period 19,30,889.00 48,40,880.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 14,45,808.00 42,09,626.00
Total profit or loss, attributable to non-controlling interests 71,800.00 1,58,106.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 18,57,857.00 46,80,445.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests 73,032.00 1,60,435.00
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 2,05,74,599.00
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 10.5 30.57
Diluted earnings (loss) per share from continuing operations 10.5 30.57
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 10.5 30.57
Diluted earnings (loss) per share from continuing and discontinued operations 10.5 30.57
24 Debt equity ratio 0.5300 0.5300
25 Debt service coverage ratio 2.2600 2.4100
26 Interest service coverage ratio 12.4500 8.8100
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes to Consolidated Financial Results: 1. Due to non-availability of Independent Directors on the Board of the Parent Company, the Audit Committee of the Parent Company has been discontinued with effect from 28th March 2026. In view thereof, the Financial Results have been reviewed and approved by the Board of Directors in its meeting held on 18th May 2026. 2. The Financial Results have been audited 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. The Statutory Auditors have issued Audit Report for Consolidated Financial Statements with unmodified opinion for the year ended 31st March 2026. 4. The Board of Directors have recommended the final dividend of Rs.1.25 per equity share (face value: Rs.10/- per equity share) in this meeting for FY 2025-26 subject to approval by the members of the Company in the Annual General Meeting. 5. The Ministry of Petroleum and Natural Gas (MoP&NG), vide letter dated 30.04.2020 had conveyed to Oil Marketing Companies (OMCs) that where Market Determined Price (MDP) of LPG cylinders is less than its Effective Cost to Customer (ECC), the OMCs will retain the difference in a separate buffer account for future adjustment. However, as on 31st March 2026, the Parent Company had a cumulative net negative buffer of Rs.23,101.56 crores (2025: Rs.19,926.09 crores). MoPNG, vide letters dated 3rd and 24th October 2025, has conveyed Government’s approval for compensation of Rs.14,486 crores to the Parent 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 the period from November-25 to March-26 aggregating to Rs.6,035.85 crores have been recognized as Revenue from Operations in the books of account of Parent Company and the cumulative net negative buffer has been reduced to that extent. 6. In the end of February 2026, conflict arose in Middle East region leading to supply uncertainties and resultant volatility in the price of crude oil and petroleum products in the international market. The profitability for the year 2025-26 was largely insulated from the impact of these developments due to inventory procured at normal prices before the conflict. 7. Inventories include 3 crude oil shipments valuing Rs.5,411.83 crores and 5 LPG shipments valuing Rs.618.64 crores, which were waiting in the Arab Gulf / Persian Gulf region as on 31st March 2026. These shipments were adequately covered through insurance, and all 5 LPG shipments have been received as on 18th May 2026. 8. During the year, the non-fossil / off-gas based fuel production facilities have been recognised as independent Cash Generating Units (CGUs) based on the prevailing market conditions and impairment loss of Rs. 1,212.42 crores has been recognised against these CGUs during the quarter. 9. 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 rules have been recently notified, and no material liability is envisaged in this regard. 10. 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 in the books of Parent Company were reversed during the relevant period in previous year and the same was disclosed as an Exceptional Item. 11. The Equity Share Capital in the Statement of Assets and Liabilities excludes shares held under “IOC Shares Trust” of face value Rs.349.68 crore and the same is not considered as part of Paid-up Equity Shares for computing Earnings Per Share. 12. The figure for the quarter ended 31st March 2026 and 31st March 2025 represent the derived figures between the audited figures in respect of the Financial Year ended 31st March 2026 and 31st March 2025 as well as the published year-to-date reviewed figures up to 31st December 2025 and 31st December 2024 respectively, being the date of the end of the 3rd quarter of the respective Financial Year. 13. Figures relating to the previous periods have been regrouped wherever necessary to conform to the figures of the current period.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 2,04,47,287.00
Capital work-in-progress 82,89,679.00
Investment property 0.00
Goodwill 104.00
Other intangible assets 4,09,537.00
Intangible assets under development 3,15,266.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 25,00,908.00
Non-current financial assets
Non-current investments 41,15,191.00
Trade receivables, non-current 0.00
Loans, non-current 3,35,731.00
Other non-current financial assets
1 Other non-current financial assets 2,57,206.00
Total of other non-current financial assets 2,57,206.00
Total non-current financial assets 47,08,128.00
Deferred tax assets (net) 1,36,402.00
Other non-current assets
1 Other non-current assets 4,07,108.00
Total of other non-current assets 4,07,108.00
Total non-current assets 3,72,14,419.00
2 Current assets
Inventories 1,17,13,272.00
Current financial asset
Current investments 7,13,654.00
Trade receivables, current 14,63,483.00
Cash and cash equivalents 1,83,308.00
Bank balance other than cash and cash equivalents 2,58,158.00
Loans, current 69,858.00
Other current financial assets
Total of other current financial assets 4,65,846.00
Total current financial assets 31,54,307.00
Current tax assets (net) 469.00
Other current assets
1 Other current assets 6,49,476.00
Total of other current assets 6,49,476.00
Total current assets 1,55,17,524.00
3 Non-current assets classified as held for sale 1,63,553.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 5,28,95,496.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 13,77,156.00
Other equity 2,05,74,599.00
Total equity attributable to owners of parent 2,19,51,755.00
Non controlling interest 6,02,956.00
Total equity 2,25,54,711.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 63,65,210.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Other non-current financial liabilities 23,901.00
Total of other non-current financial liabilities 23,901.00
Total non-current financial liabilities 63,89,111.00
Provisions, non-current 1,44,164.00
Deferred tax liabilities (net) 21,61,585.00
Deferred government grants, Non-current 0.00
Other non-current liabilities
1 Other non-current liabilities 5,25,345.00
Total of other non-current liabilities 5,25,345.00
Total non-current liabilities 92,20,205.00
Current liabilities
Current financial liabilities
Borrowings, current 68,17,029.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 1,52,396.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 55,84,473.00
Total Trade payable 57,36,869.00
Other current financial liabilities
1 Other current financial liabilities 54,06,331.00
Total of other current financial liabilities 54,06,331.00
Total current financial liabilities 1,79,60,229.00
Other current liabilities 20,08,372.00
1 Other current liabilities 20,08,372.00
Total of other current liabilities 20,08,372.00
Provisions, current 10,50,611.00
Current tax liabilities (Net) 97,825.00
Deferred government grants, Current
Total current liabilities 2,11,17,037.00
3 Liabilities directly associated with assets in disposal group classified as held for sale 3,543.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 3,03,40,785.00
Total equity and liabilites 5,28,95,496.00
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

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 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Petroleum Products 2,20,21,801.00 8,42,19,530.00
2 Petrochemicals 8,01,080.00 28,10,202.00
3 Gas 11,37,727.00 44,51,215.00
4 Other Business Activities 1,66,986.00 5,28,780.00
Total Segment Revenue 2,41,27,594.00 9,20,09,727.00
Less: Inter segment revenue 4,37,661.00 18,64,457.00
Revenue from operations 2,36,89,933.00 9,01,45,270.00
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Petroleum Products 21,66,495.00 61,22,703.00
2 Petrochemicals 1,20,913.00 1,01,502.00
3 Gas (1,14,526.00) (25,491.00)
4 Other Business Activities 2,070.00 45,574.00
Total Profit before tax 21,74,952.00 62,44,288.00
i. Finance cost 1,88,012.00 8,30,788.00
ii. Other Unallocable Expenditure net off Unallocable income 7,836.00 (3,33,708.00)
Profit before tax 19,79,104.00 57,47,208.00
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Petroleum Products 3,72,11,896.00 3,72,11,896.00
2 Petrochemicals 45,22,457.00 45,22,457.00
3 Gas 14,12,575.00 14,12,575.00
4 Other Business Activities 16,70,731.00 16,70,731.00
Total Segment Asset 4,48,17,659.00 4,48,17,659.00
Un-allocable Assets 80,77,837.00 80,77,837.00
Net Segment Asset 5,28,95,496.00 5,28,95,496.00
4 Segment Liabilities
Segment Liabilities
1 Petroleum Products 1,37,20,053.00 1,37,20,053.00
2 Petrochemicals 2,88,834.00 2,88,834.00
3 Gas 5,80,938.00 5,80,938.00
4 Other Business Activities 1,86,132.00 1,86,132.00
Total Segment Liabilities 1,47,75,957.00 1,47,75,957.00
Un-allocable Liabilities 1,55,64,828.00 1,55,64,828.00
Net Segment Liabilities 3,03,40,785.00 3,03,40,785.00
Disclosure of notes on segments Textual Information(2)



Text Block

Textual Information(2) Notes: A. segment revenue comprises sales/income from operations (inclusive of excise duty) and other operatiing income. B. other business activities segment of the group 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.



Other Comprehensive Income

Amount in (Lakhs)

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 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
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 4,31,875.00 3,89,476.00
Total Amount of items that will not be reclassified to profit and loss 4,31,875.00 3,89,476.00
2 Income tax relating to items that will not be reclassified to profit or loss 62,591.00 57,171.00
3 Amount of items that will be reclassified to profit and loss
1 Amount of items that will be reclassified to profit and loss 32,251.00 1,28,993.00
Total Amount of items that will be reclassified to profit and loss 32,251.00 1,28,993.00
4 Income tax relating to items that will be reclassified to profit or loss (11,746.00) (11,850.00)
5 Total Other comprehensive income 4,13,281.00 4,73,148.00



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 54,49,652.00
Adjustments for reconcile profit (loss)
Adjustments for finance costs 8,30,788.00
Adjustments for decrease (increase) in inventories (3,29,685.00)
Adjustments for decrease (increase) in trade receivables, current 0.00
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 19,337.00
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 0.00
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 6,02,643.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 18,42,024.00
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 1,12,999.00
Adjustments for provisions, current 1,40,501.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 4,82,647.00
Adjustments for dividend income 1,52,862.00
Adjustments for interest income 1,98,389.00
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 51,465.00
Adjustments for undistributed profits of associates (2,97,556.00)
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items (3,93,223.00)
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 33,05,801.00
Net cash flows from (used in) operations 87,55,453.00
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 11,41,245.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 76,14,208.00
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 3,51,613.00
Other cash payments to acquire equity or debt instruments of other entities 62,205.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 2,36,770.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 1,10,186.00
Purchase of property, plant and equipment 28,36,273.00
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 13,580.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 3,103.00
Cash receipts from repayment of advances and loans made to other parties 11,212.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 2,31,894.00
Interest received 1,92,488.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) investing activities (22,27,378.00)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 15,49,433.00
Repayments of borrowings 42,74,559.00
Payments of lease liabilities 3,18,313.00
Dividends paid 13,70,244.00
Interest paid 8,53,474.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (52,67,157.00)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 1,19,673.00
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 1,19,673.00
Cash and cash equivalents cash flow statement at beginning of period 63,635.00
Cash and cash equivalents cash flow statement at end of period 1,83,308.00





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 M/s Khandelwal Jain & Co Yes 31-08-2028
2 M/s K G Somani & Co LLP Yes 30-06-2028
3 M/s M K P S & Associates LLP Yes 31-12-2028
4 M/s Komandoor & Co LLP Yes 30-09-2027