IOCL's Q3 profit jumps 322% to ₹12,126cr
Indian Oil Corporation (IOCL) just posted a massive ₹12,126 crore profit for Q3 FY26—a 322% leap from last year.
The big boost came from stronger refining margins and lower inventory losses, showing the company is bouncing back in a big way.
Revenue rose 7% year-on-year to ₹2.32 lakh crore
IOCL's revenue rose 7% year-on-year to ₹2.32 lakh crore, while operating margins improved to 7.23%.
Earnings per share also got a healthy lift, all pointing to steady growth.
How did IOCL manage its costs?
Even with total expenses up by nearly 12%, IOCL kept costs under control—no special one-time gains this quarter, just solid business fundamentals like better refining profits and some help from government LPG compensation.
What does this mean for the energy sector?
Out of nearly 200 companies reporting results today, IOCL stands out as an example that parts of India's energy sector are showing signs of recovery.
For anyone watching the market or curious about where big industry is headed, this is one to keep an eye on.