Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Indian Oil Corporation Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 203,872 | 198,551 | 179,246 | 199,906 | 198,650 | 193,845 | 174,976 | 194,014 | 195,270 | 192,341 | 178,628 | 205,157 | 208,289 |
| Expenses + | 186,236 | 174,851 | 156,075 | 183,172 | 186,675 | 183,923 | 171,509 | 186,442 | 180,241 | 179,073 | 162,383 | 182,412 | 183,485 |
| Operating Profit | 17,637 | 23,700 | 23,171 | 16,733 | 11,975 | 9,921 | 3,467 | 7,573 | 15,029 | 13,267 | 16,245 | 22,745 | 24,804 |
| OPM % | 9% | 12% | 13% | 8% | 6% | 5% | 2% | 4% | 8% | 7% | 9% | 11% | 12% |
| Other Income + | 1,368 | 970 | 829 | 1,916 | 1,686 | 1,102 | 2,556 | 1,936 | 1,519 | 1,732 | 1,356 | 1,627 | 2,424 |
| Interest | 1,957 | 1,743 | 1,977 | 1,958 | 2,147 | 2,080 | 2,546 | 2,458 | 2,178 | 2,070 | 2,270 | 2,088 | 1,880 |
| Depreciation | 3,288 | 3,476 | 3,610 | 4,686 | 4,094 | 4,103 | 4,065 | 4,284 | 4,325 | 4,179 | 4,227 | 4,457 | 5,557 |
| Profit before tax | 13,759 | 19,450 | 18,413 | 12,005 | 7,420 | 4,841 | -589 | 2,766 | 10,045 | 8,750 | 11,104 | 17,827 | 19,791 |
| Tax % | 21% | 24% | 26% | 23% | 26% | 23% | -24% | 22% | 17% | 22% | 26% | 24% | 23% |
| Net Profit + | 10,841 | 14,735 | 13,713 | 9,225 | 5,488 | 3,723 | -449 | 2,147 | 8,368 | 6,808 | 8,191 | 13,502 | 15,176 |
| EPS in Rs | 7.29 | 10.22 | 9.29 | 6.39 | 3.65 | 2.50 | -0.12 | 1.50 | 5.75 | 4.83 | 5.54 | 9.21 | 10.24 |
Financials of Indian Oil Corporation Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 449,507 | 346,045 | 355,379 | 421,492 | 528,158 | 483,763 | 363,950 | 589,321 | 841,756 | 776,352 | 758,106 | 784,415 |
| Expenses + | 438,932 | 324,007 | 321,230 | 379,834 | 492,896 | 467,710 | 324,021 | 541,563 | 811,073 | 700,702 | 722,063 | 707,354 |
| Operating Profit | 10,575 | 22,038 | 34,149 | 41,658 | 35,262 | 16,053 | 39,929 | 47,758 | 30,683 | 75,650 | 36,043 | 77,062 |
| OPM % | 2% | 6% | 10% | 10% | 7% | 3% | 11% | 8% | 4% | 10% | 5% | 10% |
| Other Income + | 5,860 | 5,219 | 4,356 | 4,331 | 4,097 | -7,165 | 4,696 | 4,332 | 5,124 | 5,384 | 7,112 | 7,139 |
| Interest | 4,201 | 3,487 | 3,743 | 3,875 | 4,925 | 5,792 | 2,933 | 5,454 | 7,588 | 7,881 | 9,315 | 8,308 |
| Depreciation | 5,219 | 5,698 | 6,806 | 7,664 | 8,506 | 10,273 | 10,941 | 12,348 | 13,181 | 15,866 | 16,777 | 18,420 |
| Profit before tax | 7,014 | 18,072 | 27,956 | 34,450 | 25,927 | -7,177 | 30,751 | 34,289 | 15,038 | 57,288 | 17,063 | 57,472 |
| Tax % | 31% | 31% | 27% | 34% | 33% | -74% | 29% | 25% | 22% | 25% | 19% | 24% |
| Net Profit + | 4,872 | 12,413 | 20,385 | 22,626 | 17,274 | -1,876 | 21,762 | 25,727 | 11,704 | 43,161 | 13,789 | 43,677 |
| EPS in Rs | 3.37 | 8.25 | 13.63 | 15.23 | 12.31 | -0.63 | 15.32 | 17.78 | 6.93 | 29.55 | 9.63 | 29.81 |
| Dividend Payout % | 33% | 28% | 45% | 90% | 49% | -437% | 51% | 46% | 42% | 40% | 30% | 4% |
Financials of Indian Oil Corporation Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2,428 | 2,370 | 4,739 | 9,479 | 9,181 | 9,181 | 9,181 | 9,181 | 13,772 | 13,772 | 13,772 | 13,772 |
| Reserves | 66,404 | 87,610 | 97,357 | 104,395 | 103,288 | 86,217 | 102,657 | 124,354 | 125,949 | 169,645 | 172,716 | 205,746 |
| Borrowings + | 64,893 | 58,552 | 63,271 | 65,650 | 96,765 | 129,790 | 116,649 | 132,020 | 148,977 | 132,628 | 152,271 | 131,822 |
| Other Liabilities + | 100,158 | 83,184 | 108,352 | 116,336 | 126,128 | 104,773 | 126,658 | 145,327 | 153,298 | 166,639 | 168,464 | 177,615 |
| Total Liabilities | 233,883 | 231,715 | 273,719 | 295,860 | 335,363 | 329,962 | 355,145 | 410,882 | 441,995 | 482,683 | 507,222 | 528,955 |
| Fixed Assets + | 76,781 | 100,033 | 115,958 | 124,053 | 132,494 | 147,022 | 157,085 | 160,514 | 180,048 | 195,998 | 201,142 | 211,722 |
| CWIP | 40,378 | 26,219 | 16,778 | 19,130 | 28,281 | 32,845 | 36,291 | 47,469 | 51,133 | 61,032 | 77,921 | 82,897 |
| Investments | 16,069 | 31,185 | 43,687 | 44,806 | 44,112 | 35,571 | 44,717 | 52,352 | 52,190 | 65,542 | 67,218 | 73,298 |
| Other Assets + | 100,655 | 74,278 | 97,295 | 107,871 | 130,476 | 114,524 | 117,053 | 150,546 | 158,624 | 160,111 | 160,940 | 161,039 |
| Total Assets | 233,883 | 231,715 | 273,719 | 295,860 | 335,363 | 329,962 | 355,145 | 410,882 | 441,995 | 482,683 | 507,222 | 528,955 |
Financials of Indian Oil Corporation Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 46,092 | 25,624 | 28,216 | 29,115 | 12,747 | 7,146 | 49,650 | 25,747 | 29,644 | 71,146 | 34,699 | 76,142 |
| Cash from Investing Activity + | -10,215 | -13,610 | -17,684 | -17,119 | -22,569 | -29,101 | -22,935 | -21,294 | -28,030 | -31,512 | -31,848 | -22,274 |
| Cash from Financing Activity + | -38,283 | -11,890 | -10,937 | -12,007 | 10,436 | 22,456 | -27,369 | -4,058 | -1,794 | -39,385 | -3,425 | -52,672 |
| Net Cash Flow | -2,406 | 124 | -405 | -11 | 614 | 502 | -653 | 395 | -180 | 250 | -573 | 1,197 |
| Free Cash Flow | 33,680 | 9,576 | 14,388 | 11,086 | -12,748 | -24,277 | 27,904 | 2,290 | -2,524 | 34,453 | 421 | 48,881 |
| CFO/OP | 458% | 130% | 103% | 87% | 52% | 58% | 135% | 70% | 101% | 110% | 105% | 114% |
Financials of Indian Oil Corporation Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 6 | 8 | 9 | 9 | 11 | 10 | 14 | 12 | 7 | 6 | 9 | 7 |
| Inventory Days | 46 | 54 | 87 | 77 | 64 | 59 | 111 | 84 | 59 | 70 | 63 | 68 |
| Days Payable | 29 | 31 | 41 | 40 | 34 | 24 | 49 | 37 | 27 | 34 | 34 | 33 |
| Cash Conversion Cycle | 23 | 31 | 55 | 46 | 41 | 45 | 76 | 59 | 40 | 42 | 39 | 41 |
| Working Capital Days | -12 | -20 | -45 | -37 | -28 | -46 | -58 | -34 | -26 | -33 | -42 | -28 |
| ROCE % | 6% | 14% | 20% | 22% | 16% | 5% | 15% | 16% | 8% | 21% | 7% | 19% |