Indian Oil Corporation has unveiled ambitious plans to significantly expand its bunkering operations, with executives outlining a strategy to export substantial quantities of diesel in the coming years.

Strategic Export Initiative

According to company executives, IOC is targeting annual diesel exports of 4-5 million tons starting from 2027. This initiative represents a major expansion of the state-owned oil company's maritime fuel supply operations and demonstrates its commitment to growing its presence in the international bunkering market.

Bunkering Operations Expansion

The planned expansion of bunkering operations indicates IOC's strategic focus on the maritime fuel sector. Bunkering involves supplying fuel to ships and vessels, representing a crucial component of the global shipping industry's fuel supply chain.

This initiative positions Indian Oil Corporation to capitalize on the growing demand for marine bunker fuel, particularly in the Indian Ocean region where shipping traffic continues to increase.

Market Positioning

The diesel export plan reflects IOC's broader strategy to enhance its international market presence and diversify its revenue streams. By targeting significant export volumes from 2027, the company is positioning itself as a major player in the regional maritime fuel supply market.

The timeline suggests a structured approach to scaling up operations, allowing the company to build the necessary infrastructure and capabilities to support such substantial export volumes.

Indian Oil Corporation shares declined 2.05% to trade at ₹155.79 on Friday, January 23, 2026, at 3:20 pm. The oil major is included as one of the stocks in the benchmark NIFTY NEXT 50 index, reflecting its significant market presence in India's energy sector.

Annual Financial Performance Shows Mixed Results

The company's annual financial performance reveals contrasting trends across different periods. The consolidated results show notable variations in profitability over the past five years.

The annual revenue for March 2025 was ₹758,105 crores compared to ₹776,351 crores in March 2024, representing a decline of 2.35%. More significantly, the net profit for March 2025 stood at ₹12,028 crores, a substantial decrease from ₹41,615 crores in March 2024.

Quarterly Performance Demonstrates Recovery Trend

The quarterly financial data presents a more encouraging picture, showing the company's operational resilience across recent quarters.

The consolidated revenue for the quarter ending September 2025 was ₹178,628.15 crores, while the net profit was ₹7,479.57 crores. This represents a significant improvement from the loss of ₹1,123 crores reported in September 2024.

Key Financial Ratios Reflect Earnings Impact

The company's key financial ratios demonstrate the impact of reduced profitability on shareholder returns and valuation metrics.

The basic and diluted earnings per share dropped significantly from ₹30.30 in March 2024 to ₹9.87 in March 2025, reflecting the substantial decline in net profitability.

Upcoming Corporate Developments

Indian Oil Corporation has several important corporate developments scheduled in the near term. The board of directors is scheduled to meet on February 5, 2026, to consider unaudited financial results for the quarter ended December 31, 2025.

Regarding dividend distributions, the company announced:

• An interim dividend of ₹5.00 per share, effective December 18, 2025
• A final dividend of ₹3.00 per share, effective August 8, 2025

The company had previously announced a bonus issue on May 17, 2022, with a bonus ratio of 1:2, and the ex-bonus date was June 30, 2022.

Current Market Position

Indian Oil Corporation's stock was trading at ₹155.79, representing a decline of 2.05% from the previous trading session. As a constituent of the NIFTY NEXT 50 index, the company remains an important player in India's energy sector despite the recent financial challenges reflected in its annual results.