Maharatna PSU IOCL Declares Rs 3 Dividend: Experts Suggest Caution For Technicals; Avoid Buying?

One of the largest oil and gas firms in India is IndianOil, also known as Indian Oil Corporation Limited (IOCL), a government-owned public sector enterprise. Indane LPG, SERVO lubricants, XTRAPREMIUM petrol, XTRAMILE diesel, and PROPEL petrochemicals are among the brands owned by IndianOil, a Maharatna company. The public-sector enterprise Indian Oil Corporation announced solid Q4 results and its final dividend recommendation for FY25, causing the PSU stock, IOCL, to close 3.90% higher on the NSE at Rs 143.23 per share with a market capitalization of Rs 2.02LCr on Friday.

IOCL Dividend

"Board has recommended a final dividend of 30% for the year 2024-25 i.e. Rs. 3.00 per equity share of face value of Rs.10/- each on the paid-up share capital, subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the Company. The dividend would be paid within 30 days from the date of declaration at the AGM. The record date for payment of final dividend would be fixed and intimated in due course," said IOCL in a stock exchange filing.

IOCL Q4 Results

In comparison to the Rs 5,148.87 crore reported in the same time previous year, the company's consolidated net profit for the fourth quarter (Q4) of the financial year 2024-25 (FY25) increased by 58% to Rs 8,123.64 crore. For the quarter under review, the consolidated revenue from operations was Rs 2,21,360.24 crore compared to Rs 2,23,649.85 crore in Q4FY24. The net consolidated expenses decreased by 2% to Rs 2,12,834.10 crore in Q4 FY25 from Rs 2,17,915.98 crore in Q4 FY24.

India Oil's consolidated net profit for the whole fiscal year 2024-2025 was Rs 13,507.84 crore, a 68% drop from the Rs 41,729.69 crore recorded at the end of FY24. For FY25, the consolidated revenue from operations dropped to Rs 8,59,362.73 crore from Rs 8,81,235.45 crore in FY24.

IOCL Share Price Target

"IOCL is underperforming with a bearish tone. The stock has broken key support near ₹145 and is struggling to hold above it. If it fails to reclaim ₹145-₹147, it may fall toward ₹135-₹130. RSI is below 50, and volume is weak, showing lack of buying interest. The trend remains negative below ₹145, and only a strong breakout above ₹148 would suggest recovery. For now, avoid fresh buying and consider selling on rise with a stop loss at ₹150," commented Riyank Arora - Technical Analyst - Mehta Equities Limited.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.