The Indian Oil Corporation (IOC) board approved an interim dividend of ₹5 per share. And then the company’s shares gained nearly 2% in intra-day trade.
That happened on Friday, December 12. The stock climbed to an intra-day high of ₹164.90 following the regulatory filing. This is a solid payoff for shareholders, or nothing. The board officially declared an interim dividend of 50%, which works out to ₹5.00 per equity share for the financial year 2025-26.
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Key Dividend Dates and Details
Here’s the breakdown for eligible shareholders:
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Interim Dividend: ₹5.00 per share (50% of face value).
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Record Date: The board set December 18, 2025, as the official record date. This is the cut-off date to determine which shareholders are eligible for the payout.
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Payment Date: The dividend will be paid to eligible shareholders on January 11, 2026.
Stock Performance and Financial Context
The thing is, this dividend comes as the stock shows mixed, but generally strong, momentum over the medium term.
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In the last month, IOC shares actually fell about 5%.
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But look at the bigger picture: the stock has soared over 14% in the last six months, and since the start of 2025, it’s gained a massive 19.4%. The market capitalization is sitting at a huge ₹2.31 lakh crore.
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The Reason for the Payout (The Q2 Numbers)
The dividend generosity is a direct result of phenomenal financial performance, especially in the last quarter. Let’s be real, the Q2 earnings were massive:
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Consolidated Net Profit: IOC reported a net profit of ₹7,817.55 crore for Q2 FY26.
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The Turnaround: This is the kicker—it compares to a net loss of ₹169.58 crore posted in the year-ago period. That’s a massive turnaround.
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Revenue Growth: Revenue from operations jumped 3.9% year-on-year (YoY) to ₹2,06,447.11 crore during the quarter.
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Standalone Profit: On a standalone basis, the net profit saw a ridiculous surge of 4127.7%, climbing to ₹7,610.45 crore compared to just ₹180 crore a year ago.
These huge profits are what allow the company to reward shareholders with such a robust interim dividend. The financial health of the corporation is clearly ongoing and robust.
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