Indian Oil Corporation reported a strong financial performance for the fourth quarter of FY26, supported by higher revenues, better profit margins, and record sales across key products. The company also highlighted major refinery expansion projects and increased investments in renewable energy as part of its long term growth strategy.
For the quarter ended March 2026, Indian Oil’s operating revenue increased 7 percent to ₹2,36,899 crore compared to ₹2,21,360 crore in the same period last year. Net profit saw a sharp jump of 81.4 percent, reaching ₹15,176 crore against ₹8,368 crore in the year ago quarter. The company’s net profit margin also improved to 6.4 percent from 3.8 percent earlier.
Strong Sales Performance Drives Growth
Indian Oil said it achieved record sales volumes in several key products during the quarter. The company also recorded its highest ever marketing sales volume of 105.1 million metric tonnes, reflecting strong demand across its fuel and energy businesses.
Segment wise revenue growth remained largely positive. Petrol continued to contribute the largest share of revenue, while gas and petrochemical businesses also reported growth compared to the previous year. Other segments remained relatively stable during the period.
The company further stated that its EBITDA nearly doubled during FY26. EBITDA increased 94 percent to ₹73,718 crore from ₹38,060 crore in the previous year. Meanwhile, revenue from operations for the full financial year rose 5 percent to ₹8,86,224 crore.
Indian Oil announced a final dividend of ₹1.25 per share for shareholders following the strong quarterly performance.
On the operational side, the company said three major refinery expansion projects at Panipat, Gujarat, and Barauni are expected to be completed by late 2026. These projects are expected to strengthen refining capacity and support future demand growth.
The company also invested ₹32,405 crore in capital expenditure during FY26 and has set a target of ₹32,700 crore for FY27. Alongside traditional energy operations, Indian Oil is increasing its focus on clean energy investments.
Focus on Renewable Energy and Future Growth
Management said the company plans to invest ₹5,000 crore in the renewable energy segment during FY27. Indian Oil is targeting a renewable energy capacity of 31 GW by 2030 as part of its broader transition strategy.
The company also achieved its highest ever crude throughput of 75.5 million metric tonnes during the year, highlighting improved refinery operations and stronger production efficiency.
Overall, Indian Oil closed FY26 on a strong note with rising profitability, higher operational efficiency, and continued investments in future growth areas including refinery expansion and renewable energy.
