Indian Oil Corporation and other PSU stocks that announced their Q3 results today; Check details

SYNOPSIS: Q3 FY26 highlighted a sharp divergence among PSUs, with one reporting strong revenue growth and profit surge on higher margins, while the other showed sequential recovery but stayed loss-making year-on-year.

Two PSU stocks delivered sharply contrasting Q3 FY26 performances, one posting a strong profit surge on better refining margins, while the other showed sequential operational improvement but remained under pressure on a year-on-year basis.

Here are these two PSU stocks that have announced their financial results on Thursday during market hours, as per the latest regulatory filings with the stock exchanges:

Indian Oil Corporation Limited

With a market cap of Rs. 2.48 lakh crores, shares of IOCL hit an intraday high at Rs. 178 on BSE, up by over 3 percent, compared to its previous closing price of Rs. 172.75.

For Q3 FY26, the company posted a consolidated revenue from operations of Rs. 2.36 lakh crores, reflecting a sequential growth of over 14 percent QoQ compared to Rs. 2.06 lakh crores in Q2 FY26, along with an increase of around 8 percent YoY from Rs. 2.19 lakh crores recorded in Q3 FY25.

Net profit for the quarter stood at Rs. 13,502 crore, indicating an increase of around 65 percent QoQ from Rs. 8,191 crores in Q2 FY26, as well as an impressive rise on a year-on-year basis by about 529 percent from Rs. 2,147 crores reported in Q3 FY25.

During the April-December period, IOCL reported an Average Gross Refining margin of $8.41 per barrel, compared to $3.69 per barrel in the year-ago quarter. Core GRMs, which are calculated after offsetting inventory losses or gains, stood at $9.86 per barrel.

Indian Oil is India’s flagship Maharatna national oil company, engaged in the business of the entire hydrocarbon value chain – from refining, pipeline transportation & marketing, to exploration & production of crude oil & gas, petrochemicals, gas marketing, alternative energy sources and globalisation of downstream operations.

Dredging Corporation of India Limited

With a market cap of Rs. 2,816.6 crores, shares of Dredging Corporation hit an intraday low at Rs. 988.4 on BSE, down by more than 11 percent, compared to its previous closing price of Rs. 1116.6.

For Q3 FY26, the company posted a revenue from operations of Rs. 276 crores, reflecting a sequential growth of over 30 percent QoQ compared to Rs. 211.8 crores in Q2 FY26. In contrast, on a year-on-year basis, revenue decreased by around 15 percent from Rs. 324.4 crores recorded in Q3 FY25.

Net loss for the quarter reduced to Rs. 24.6 crore, improving by around 28 percent QoQ from a net loss of Rs. 34 crores in Q2 FY26, but on a year-on-year basis, it reversed from a profit of Rs. 16 crores reported in Q3 FY25.

Dredging Corporation of India Limited is primarily engaged in the dredging requirements of Ports, the Navy, etc., both in India and abroad. The company is a Schedule B, Mini Ratna Category-I Public Sector Undertaking under the administrative control of the Ministry of Shipping, Government of India

Its principal activities include providing the services of capital dredging, maintenance dredging, beach nourishment, land reclamation, shallow and inland water dredging, project management consultancy, and marine construction.

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