Full Year 2026 Indian Oil Corporation Ltd Earnings Call Transcript
Key Points
- Indian Oil Corp Ltd (BOM:530965) achieved the highest-ever annual refining throughput and consolidated annual sales volume in its history.
- The company reported a significant increase in profit after tax, reaching INR36,802 crore for FY25-26, compared to INR12,962 crore in the previous year.
- Indian Oil successfully diversified its crude and gas sourcing to ensure uninterrupted energy supply amidst geopolitical tensions.
- The company recorded the highest-ever sales in lubricants and petrochemicals, reflecting strong operational performance.
- Indian Oil commenced India's first-ever export of Liquefied Natural Gas (LNG) by road to Nepal, promoting cleaner fuel adoption.
- The ongoing US-Iran conflict and disruptions in the Strait of Hormuz have created significant uncertainties in the global hydrocarbon supply chain.
- The Indian rupee experienced pronounced volatility, depreciating by about 11% against the USD during the year, impacting financial stability.
- LPG under-recoveries increased significantly, with a loss of INR9,211 crore for the full financial year 25-26.
- The company faced challenges in the gas segment due to elevated gas prices, affecting sales volumes and margins.
- There is uncertainty regarding the future pricing strategy for petroleum products, which could impact financial performance.
Ladies and gentlemen, good day, and welcome to Q4 and FY26 earning conference call of Indian Oil Corporation Limited hosted by Antique Stock Broking. This conference call may contain forward-looking statements about the company which are based on the beliefs, opinions and expectations of the company as on date of this call. These statements are not the guarantee of future performance and involve risks and uncertainties that are difficult to predict. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Varatharajan Sivasankaran. Thank you and over to you, sir.
Thank you, Danish. A very good afternoon to all the participants and the management of Indian Oil Corporation. I'd like to extend a very warm welcome to all the participants and the management of Indian Oil Corporation for this conference call to discuss the fourth quarter FY26 numbers.
We have with us management of Indian Oil Corporation represented by Mr. Anuj
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