Indian Oil Corporation Share Price in Focus; to Consider Second Interim Dividend at 6 March Board Meeting

Indian Oil Corporation Ltd has announced that its board of directors will convene on 6 March 2026 to evaluate the declaration of a second interim dividend for the financial year 2025–26.

The development follows the company’s recent quarterly performance, which reflected higher profitability, revenue growth and improved refining margins amid evolving energy market conditions.

Board Meeting and Dividend Consideration

Indian Oil Corporation informed stock exchanges that a board meeting is scheduled for Friday, 6 March 2026, to consider a potential second interim dividend for FY26. 

The disclosure was made under Regulation 29(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, indicating a possible shareholder payout subject to board approval.

Trading Window Closure

The company stated that, in line with the SEBI (Prohibition of Insider Trading) Regulations, 2015 and its internal compliance framework, the trading window for designated insiders will remain closed from 27 February 2026.

Trading restrictions will continue until 48 hours after the outcome of the board meeting and any dividend decision is publicly disclosed.

December Quarter Financial Performance

For the December quarter, Indian Oil Corporation reported a net profit of ₹12,126 crore, compared with ₹7,610.5 crore recorded in the preceding September quarter. 

Revenue increased by 14.3% year-on-year to ₹2.04 lakh crore, reflecting stronger operational performance and improved business conditions during the period.

Operational Metrics and Margins

Earnings before interest, tax, depreciation and amortisation (EBITDA) rose sequentially by 42.8% to ₹20,824.8 crore from ₹14,584.8 crore. EBITDA margin expanded to 10.2%, up from 8.2% in the previous quarter, indicating improved operating efficiency.

The company’s average gross refining margin (GRM) for April to December stood at $8.41 per barrel, compared with $3.69 per barrel in the corresponding period last year. Core GRMs, adjusted for inventory-related impacts, were reported at $9.86 per barrel.

Indian Oil Corporation’s Share Price Performance

Indian Oil Corporation’s shares traded at ₹186.50 during the morning session on 27 February 2026, showing marginal movement compared with the previous close of ₹186.47. The stock opened at ₹187.11 and moved within an intraday range of ₹185.77 to ₹187.40.

Read More: Crude Oil Prices Slip on US–Iran Talks: Here Are Key Takeaways for Traders and Investors.

Conclusion

The upcoming board meeting places Indian Oil Corporation in focus as investors await clarity on a potential interim dividend. Market participants may continue to monitor corporate disclosures and operational performance indicators to assess the company’s near term outlook.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

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