Indian Oil Corporation Ltd (IOC)

IOC to Commission Various Projects Over Next Two Years - 14 May, 2024

Indian Oil Corporation is set to commission various refinery projects over the next two years, driving further growth. Despite a weak set of results due to lower refining margins, gross marketing margins remained moderate and refining capacity utilization stood at 104.5%. Analysts have mixed views on IOC with Motilal Oswal Financial Services positive and Prabhudas Lilladher having a reduce call.

Indian Oil Corp Reports High Profits Despite Low GRM Levels - 13 May, 2024

Despite benchmark Singapore Gross Refining Margins hitting their lowest level since October 2023, Indian Oil Corporation Limited reported high profits of about Rs 81,000 crore in FY24. The company also plans to spend Rs 31,000 crore on capital expenditure for FY25.

IOC, BPCL, HPCL Report Record Profits in FY24 - 12 May, 2024

Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) have reported a combined standalone net profit of Rs 81,000 crore for FY24, exceeding their annual earnings in pre-oil crisis years. All three companies posted the highest ever standalone as well as consolidated net profit in FY24.

Indian Oil Corp Shares Get Sell Rating from IIFL Amid Declining Profits - 10 May, 2024

Indian Oil Corporation Ltd's Q4 profits have declined by 49%, leading India Infoline Limited (IIFL) to give the company's shares a sell rating with a target price of Rs 151 and Rs 145. The slump in profits is attributed to elevated crude oil prices and declining gross refining margins.

Indian Oil Corp Reports Decline in Net Income Despite Dividend Announcement - 09 May, 2024

Indian Oil Corporation reported a decline in Q4 FY24 net income due to shrinking margins and higher prices. The company announced a final dividend of INR 7 per share for FY 2024, supported by earnings with a payout ratio of 39.6% and cash flows with a cash payout ratio of 56.8%. India imported $3.61 billion worth of crude oil from Russia in February.

Indian Oil Corp Stock Trades Up; Impressive Dividend Yield Reported - 08 May, 2024

Indian Oil Corporation Ltd.'s stock trades up by 1.68% at Rs 162.7, reporting an impressive dividend yield of 7.5% that outperforms the fixed deposit returns of leading banks like SBI and HDFC.

BPCL, HPCL Outperform Market in 2024; IOCL to Commission Refinery Projects - 07 May, 2024

BPCL and HPCL have surged over 25% this year while IOCL is down 2%. IOCL plans to commission refinery projects by December 2025 (Panipat), October 2024 (Gujarat) and December 2024 (Baruni).

Indian Oil Q4 Net Profit Declines 40% Sequentially - 03 May, 2024

Indian Oil Corporation Ltd reported a consolidated net profit of Rs 5,488 crore for the March quarter, down 49% YoY. The gross refining margin (GRM) was $8.39 per barrel in the March quarter which was almost at the same level as that of Q3 but 15 percent higher than Singapore GRM.

Mixed Bag for Indian Oil Corporation Ltd - 02 May, 2024

Indian Oil Corporation Ltd reports mixed Q4FY24 results with halving of net profit but strong FY24 performance. Brokerages revise stance on the stock post-results. IOC resumes buying Russian crude oil. Shares of OMCs gain amid falling crude oil prices.

Indian Oil Corp Reports Weak Q4 Results - 01 May, 2024

Indian Oil Corporation Ltd's Q4 net profit fell 49% to Rs 5,488 crore due to weaker refining on the back of inventory losses. The company also revised its commercial-use LPG prices downward by Rs 19 per cylinder.

Indian Oil Corp Plans to Invest in Renewable Energy Business - 30 Apr, 2024

Indian Oil Corporation is set to invest Rs 5,215 crore to build 1 GW of renewable energy capacity in India through a wholly-owned subsidiary. The company also reported a 52% YoY decline in Q4 net profit due to rising input costs.

Mixed Expectations for Indian Oil Corp Q4 Results - 29 Apr, 2024

Indian Oil Corporation is expected to report mixed Q4 results due to weak refining, with a predicted one percent decline in net profit. The company is also awaiting government approval for the new equity structure of its joint venture building a refinery in Tamil Nadu. Analysts predict an increase in revenues, but also a decline in EBITDA and margins.

Indian Oil Corp Board Meeting to Declare Dividend - 26 Apr, 2024

Indian Oil Corporation is set to declare its next dividend during a board meeting scheduled for April 30. The company's stock climbed 0.79% amid a bullish MACD signal and positive financial results. However, Singapore GRM decline may impact the company along with Bharat Petroleum and Hindustan Petroleum amid elevated crude oil prices.

Indian Oil Corporation Plans to Develop Employee Capabilities for Green Energy Roles - 25 Apr, 2024

Indian Oil Corporation plans to invest Rs 2 lakh crore in green energy initiatives, including green hydrogen, compressed biogas plants, and ethanol plants. The state-run company aims to be net-zero by 2046.

Indian Oil Corp Faces Weak Q4 Earnings - 24 Apr, 2024

Indian Oil Corp's Q4 earnings may be weak due to a dip in gross refining margins, but crude discounts could help with healthy gross marketing margins. The company has extended the deadline for submitting bids for its first green hydrogen plant in Panipat by two weeks. Chennai Petroleum Corporation reported a 39% drop in March quarter net profit and declared a final dividend of Rs 55 per equity share.

Indian Oil Corporation Ltd shares rise over 2.5% - 23 Apr, 2024

Shares of Indian Oil Corporation (IOC) rose over 2.5% on Monday, with HPCL and BPCL also seeing gains. Every $1 increase in crude prices could dent OMC margins by 30-40 paise per litre. HPCL shares have gained over 23%, while BPCL and IOC shares have risen over 31% since the beginning of the year.

Indian Oil Corp Diversifies Crude Supply - 22 Apr, 2024

Indian Oil Corporation, along with other public sector refiners in India, sources 70% of its crude oil through term contracts and the remaining 30% on a spot basis to diversify supply and mitigate market volatility.

Indian Oil Corp Shares Fall Amid Rising Crude Oil Prices - 19 Apr, 2024

Shares of Indian Oil Corporation Ltd (IOC) fell by over 2% as OMC stocks started the day with losses due to rising crude oil prices. Input costs for paint stocks and OMCs get elevated during such times, while they cannot pass on the higher cost to consumers.

Indian Oil Corp Shares Rise Amidst Declining Marketing Margins - 18 Apr, 2024

Indian Oil Corp shares rise amidst declining marketing margins for petrol and diesel due to geopolitical headwinds, refining capacity maintenance, and elevated freight rates for oil transportation.

IOCL Shares Rise After Signing MoU with Gujarat Gas - 16 Apr, 2024

Indian Oil Corporation Ltd (IOCL) shares rose by 1.17% following the signing of a non-binding MoU with Gujarat Gas to offer a comprehensive suite of energy solutions. The partnership will boost accessibility of eco-friendly fuel options.