1/5/2025, 2:29:02 pm

IOC share price: Should you buy this PSU stock after Q4 results?

Indian Oil Corporation (IOC) reported a 50% YoY rise in Q4 net profit to ₹7,264.85 crore, driven by inventory gains from higher product prices. Revenue fell 1% to ₹2.17 lakh crore. IOC declared a ₹3 per share dividend, reinforcing its high dividend yield. Analysts remain bullish, citing improving refining margins, green energy initiatives, and long-term growth prospects.