Indian Oil Corporation Ltd (IOC)

Indian Oil Corporation Q4 Profit Drops by 49.96% - 02 May, 2024

Indian Oil Corporation's Q4 profit dropped by 49.96% YoY, with a decrease in revenue of 3.06%. The consensus recommendation as of May 2, 2024, was to Hold the stock.

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.

Indian Oil Corporation Ltd. to Consider Further Reduction in Fuel Prices - 14 Apr, 2024

Indian Oil Chairman SM Vaidya stated that a decision on further reduction in fuel prices would be taken considering the volatility in crude oil, as India is highly sensitive to international oil prices due to being a net importer of crude oil.

IOCL Board Meeting to Consider Final Dividend Declaration - 12 Apr, 2024

Indian Oil Corporation Ltd's board meeting on April 30, 2024, may consider the declaration of final dividend for FY 2023-24. The trading window will remain closed from April 1 to May 2, 2024.

IOC's Profit Expected to Drop in Q4 FY24 - 11 Apr, 2024

Indian Oil Corporation is expected to see a 10.1% YoY drop in profit for the March quarter due to pump price cuts. Maharashtra Seamless has received two contracts worth Rs 116 crore from IOC.

IOCL Gains on Positive Analyst Expectations Despite CLSA Warning - 10 Apr, 2024

Despite CLSA's warning that rising crude and falling margins will be detrimental for OMCs ahead of the election, Indian Oil Corporation Ltd (IOCL) gained 2-3% and is expected to lead the Q4 show for the Oil and Gas sector according to analysts. A domestic brokerage also expects a YoY drop in profit at Rs 9,042 crore for the March quarter.

IOC Posts Robust Net Profit Amidst Cancelled Tenders and Resumed Supplies - 09 Apr, 2024

Indian Oil Corporation's shares were affected by rising crude prices while it posted a robust net profit of ₹69,000 crore for Apr-Dec 2023. IOCL also cancelled tenders for its green hydrogen plant amidst allegations of conflict of interest but resumed Avgas supplies.

IOC Shares Expected to Gain This Week - 08 Apr, 2024

Indian Oil Corporation (IOC) shares are expected to gain this week as per Zee Business panellist Sumeet Bagadia. The stock has given a multibagger return of over 199% in the last year and has the potential to cross the positional target of Rs 200.

Rising Crude Prices Affect Indian Oil Corp Shares - 05 Apr, 2024

Indian Oil Corporation Ltd (IOC) shares are affected by the rising crude prices globally, with every $1 increase potentially denting margins by 30-40 paise per litre.

IOC Relaunches Tender for Green Hydrogen Plant - 04 Apr, 2024

Indian Oil Corporation has relaunched tenders for its maiden green hydrogen plant, addressed concerns raised by developers, and withdrawn cases. Kotak Equities retains sell rating on HPCL, IOC & BPCL. Shares decline amid oil price rally and increased windfall tax.