IOC's Q4FY25 Profit Soars 58% to ₹8,123 Crore; Company Declares ₹3 Dividend Per Share.
IOC Dividend/Q4 Results: Indian Oil Corporation (IOC), a Maharatna public sector undertaking in the oil and gas sector, has announced stellar results for the fourth quarter of fiscal year 2024-25. The company reported a remarkable 58% increase in profit and declared an attractive dividend for its shareholders.
Profit at ₹8,123 Crore, a 58% Increase
The company reported a consolidated net profit of ₹8,123.64 crore for the January-March 2025 quarter, compared to ₹5,148.87 crore in the same quarter of the previous year. On a quarter-on-quarter basis, this represents a nearly 300% growth from the ₹2,115.29 crore profit in the December 2024 quarter.
Slight Dip in Company Revenue
IOC's operational revenue for the quarter stood at ₹2,17,725.44 crore, approximately 1% lower than the ₹2,19,875.55 crore reported in the same period last year. However, the company improved its profitability by effectively controlling expenses, reducing total expenditure to ₹2,10,113.19 crore.
₹3 Dividend Per Share Announced
The company announced a significant final dividend of ₹3 per share (30%), a substantial gift to its shareholders. The stock's face value is ₹10. The dividend payment will be made within 30 days of the Annual General Meeting (AGM) date, which will be announced shortly. The record date will also be announced soon.
Share Prices Surge, Investor Confidence Strengthened
Following the announcement of Q4 results, IOC shares on the BSE witnessed a surge of over 1.5%. The news of increased profits and the dividend payout boosted investor enthusiasm. Market experts believe that the company's cost-control strategy and b balance sheet will further enhance its long-term performance.
