Indian Oil Corp.'s board on Wednesday recommended a final dividend of Rs 3 per equity share for financial year 2025. The company will pay out Rs 4,236.4 crore dividend to nearly 32 lakh shareholders.
The proposal is subject to the approval of the shareholders at the ensuing Annual General Meeting, according to a stock exchange filing.
"The dividend would be paid within 30 days from the date of declaration at the AGM. The record date for payment of final dividend would be fixed and intimated in due course," the filing said.
The government, which owns 51.5% equity, will be paid Rs 2,181.65 crore in dividends.
IOCL has Rs 263.17 crore in cash and cash equivalents as of March 31, 2025, on a standalone basis and Rs 673.2 crore on a consolidated basis.
The company paid a final dividend of Rs 7 in FY24 and Rs 3 in FY23.
Indian Oil Q4 Results
Indian Oil Corp posted a 153% sequential rise in the standalone net profit for the March quarter. The state-run OMC clocked a bottom-line of Rs 7,264.9 crore during the quarter under review, as compared to Rs 2,873.5 crore in the preceding quarter.
The net profit clocked by IOCL has widely beaten the consensus estimate of Rs 1,470 crore of the analysts tracked by Bloomberg.
The company's revenue from operations increased marginally to Rs 1.95 lakh crore, up around 0.5% as compared to Rs 1.94 lakh crore in the October-December period. This was in line with the estimate of Rs 1.93 lakh crore.
The earnings before interest, taxes, depreciation and amortisation rose 91% to Rs 13,572 crore from Rs 7,117 crore in the previous quarter. The margin expanded to 7% from 3.7%.
Indian Oil share price ended 1.08% higher at Rs 137.25 apiece, after the announcement, compared to a flat Nifty 50. The stock has fallen 19% in the last 12 months and 0.15% since the start of the year.
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