Indian Oil Board declares second interim dividend, fixes record date; shares fall

The stock was trading 0.57% lower at ₹170.57 per equity share at around 1:53 PM.

In a regulatory filing, the Maharatna PSU stated that its board of directors, at its meeting held on March 6, declared an interim dividend at a 20% rate, i.e., at ₹2 per equity share with a face value of ₹10 each for FY26.

Dividends declared in FY26

In FY26, including the dividend declared today, Indian Oil’s board of directors has greenlit a total of three dividends.

Indian Oil stock performance

The stock was trading 0.58% lower at ₹170.54 per equity share at around 2:38 PM.

The scrip has lost 9% in the past week and nearly 3% over the month. On a year-to-date basis, however, it has gained 3%.

While the share hit a 52-week high of ₹188.96 on February 27, 2026, it touched a year’s low of ₹117.75 per unit on March 5, 2025.

Q3 results

Indian Oil reported a more than multifold surge in its standalone net profit to ₹12,125.86 crore in the December quarter of FY26, as gains in refining and marketing margins offset weakness in the petrochemicals segment.

In the corresponding quarter of the previous fiscal year, it had logged a profit of ₹2,873.53 crore.

Its revenue from operations rose to ₹2.31 lakh crore, reflecting a 6.94% YoY jump from ₹2.16 lakh crore in Q3 of FY25.

Its fuel sales rose to 26.015 million tonnes in Q3 from 24.78 million tonnes in the previous year.

India Oil Corporation has a total market capitalisation of ₹2.41 lakh crore as of March 6, 2026, according to data on the NSE.