The three state-run oil companies have registered a combined net profit of ₹19,470 crore in January-March 2026 quarter, a 40.74% growth over the same period last year.
Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation Ltd (HPCL) posted handsome profits after tax in the fourth quarter of 2025-26, while Bharat Petroleum Corporation Ltd’s (BPCL) net profit remained flat.
Cumulatively, the three companies saw a 130% jump in their combined net profit in 2025-26, to ₹77,280.65 crore as compared to ₹33,601.57 crore in 2024-25.
HPCL posted a 46% jump in its net profit for Q4 to ₹4,901.50 crore as compared to ₹3,355 crore in Q4 of FY25.
IOC was the second to declare its financial results, posting a net profit of ₹11,377.51 crore in Q4 of FY26 as compared to ₹7,264.85 crore in the same period of previous year.
BPCL saw a marginal decline in its profit after tax by 0.7% to ₹3,191 crore in Q4 of FY26 as compared to ₹3,214 crore in the same period of previous year.
