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VERIFIEDET Markets·positive
IOC shares jump 3% after Q4 net profit rises 78% YoY. Here's what Motilal Oswal says
AI Summary
- ·IOC reported a 78% year-on-year increase in net profit for Q4 FY26, reaching Rs 14,458 crore.
- ·The company's revenue saw a 7% rise, amounting to Rs 2.37 lakh crore.
- ·Motilal Oswal maintained a 'Neutral' rating, citing strong EBITDA, better margins, and debt reduction.