Indian Oil Q3 Results: Strong operating performance leads to gains for the PSU stock
Published on 05/02/2026 02:14 PM
Indian Oil Q3 Results: Strong operating performance leads to gains for the PSU stockCourtesy of the strong operating performance during the December quarter, shares of Indian Oil Corporation gained on Thursday. The stock is up 40% in the last 12 months.By Sonal Bhutra | Hormaz Fatakia February 5, 2026, 2:14:09 PM IST (Updated)1 Min ReadShares of Indian Oil Corporation Ltd. (IOC) gained on Thursday, February 5, in response to its December quarter results, which were better on a sequential basis.
The company's net profit for the quarter stood at ₹12,126 crore, compared to ₹7,610.5 crore in the September quarter.
Revenue increased by 14.3% from the same quarter last year to ₹2.04 lakh crore from ₹1.78 lakh crore in September.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter saw growth of 42.8% from the previous quarter to ₹20,824.8 crore from ₹14,584.8 crore earlier.
EBITDA margin expanded by 200 basis points from last quarter to 10.2% from 8.2% earlier.
Average Gross Refining margin for the April-December period stood at $8.41 per barrel, compared to $3.69 per barrel during the same period last year. Core GRMs, which is calculated after offsetting inventory losses or gains stood at $9.86 per barrel.
Shares of Indian Oil Corporation are trading 2% higher after the earnings announcement at ₹176.25. The stock is up 40% in the last 12 months.Continue ReadingFirst Published: Feb 5, 2026 2:07 PM ISTTagsIndian Oil Corp IOCIndian Oil Corporation IOCIndian Oil Share PriceIOCIOC earningsQ3 resultsshare market today