Parent · listed
Indian Oil Corporation · IOC
India's largest downstream OMC. Maharatna PSU. Nine own refineries + CPCL subsidiary; 37,800+ retail outlets.
NSE last
₹ 145.82
2026-04-27
Latest FY revenue
₹7,54,568 Cr
FY2025 · YoY -2.4%
Net margin
1.80%
EBITDA margin 5.61%
Net profit
₹13,598 Cr
EBITDA ₹42,332 Cr
Shareholding (Q3 FY26)
- Promoter
- 51.5%
- FII
- 7.8%
- DII
- 20.2%
- Other public
- 20.5%
Government of India via President of India holds promoter stake.
Revenue – ₹ crore, five-year history
Net margin – percent of revenue
Annual line items
| FY end | Revenue | Op. income | EBITDA | Net income | Net margin | EBITDA margin |
|---|---|---|---|---|---|---|
| FY2025 | ₹7,54,568 Cr | ₹21,842 Cr | ₹42,332 Cr | ₹13,598 Cr | 1.80% | 5.61% |
| FY2024 | ₹7,72,842 Cr | ₹61,345 Cr | ₹80,738 Cr | ₹41,730 Cr | 5.40% | 10.45% |
| FY2023 | ₹8,27,547 Cr | ₹25,914 Cr | ₹34,866 Cr | ₹9,792 Cr | 1.18% | 4.21% |
| FY2022 | ₹5,86,033 Cr | ₹37,190 Cr | ₹50,933 Cr | ₹25,102 Cr | 4.28% | 8.69% |
Major assets
- 9 own refineries (~80 MMTPA)
- Chennai Petroleum (CPCL) subsidiary (~11.5 MMTPA)
- 37,800+ retail outlets (43.5% national share)
- Paradip–Haldia crude + Paradip–Hyderabad product pipelines
- Ennore LNG terminal (5 MMTPA)
- City Gas Distribution — 19 GAs via IOAGPL JV
Operations snapshot
- Refining capacity
- 80 MMTPA + CPCL 11.5
- Retail outlets
- 37,800+
- Pipelines
- ~20,000 km
- LPG customers
- ~150 million
- Market share (retail)
- 43.5%
Major projects
Under construction
Panipat refinery expansion 15 → 25 MMTPA
₹32,946 Cr
target FY27
Under construction
Barauni refinery expansion 9 → 18 MMTPA
₹14,236 Cr
target FY27
Under construction
Gujarat refinery capacity expansion
₹17,825 Cr
target FY28
Under construction
Paradip petrochemical complex
₹61,077 Cr
target FY29
Announced
Green H2 plants at 3 refineries
target FY30
Subsidiaries
Chennai Petroleum Corporation
51.9%
Manali + Narimanam refineries
IndianOil (Mauritius) Ltd
100%
Lanka IOC PLC
75.1%
Retail in Sri Lanka
Joint ventures
Petronet LNG
12.5%
Partner: GAIL/BPCL/ONGC
IOT Infrastructure (IOTL)
48.99%
Partner: Oiltanking GmbH
IndianOil Adani Gas (IOAGPL)
50%
Partner: Adani Total Gas
IndianOil Skytanking
33.3%
Partner: Skytanking/Mitsubishi
Avi-Oil India
25%
Partner: Balmer Lawrie / NYCO
Annual reports
iocl.com/pages/financial-results ↗