Indian Oil Corp Stock: Target Cut Hua, Par 'Accumulate' Rating Bachi!

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AuthorAarav Shah|Published at:
Indian Oil Corp Stock: Target Cut Hua, Par 'Accumulate' Rating Bachi!
Overview

Brokerage Prabhudas Lilladher ne Indian Oil Corp (IOC) ke liye 'Accumulate' rating toh barkarar rakhi hai, par price target ko ₹163 se ghatakar ₹145 kar diya hai. Brokerage ne West Asia ki vajah se oil prices mein utar-chadhav ke bawajood IOC ke strong standalone EBITDA aur PAT ko notice kiya hai. IOC ki refining aur domestic sales mein bhi growth dikhi hai.

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Prabhudas Lilladher ne Indian Oil Corporation (IOC) ke liye apni 'Accumulate' rating ko reaffirm kiya hai. Lekin, brokerage ne stock ke liye price target ko ₹163 se kam karke ₹145 kar diya hai.

IOC ki refining throughput mein thoda izafa hua hai, jo is quarter mein 19.7 million metric tons (mmt) pahunch gaya hai, pichhle quarter ke muqable mein. Domestic sales volumes mein bhi 6.0% saal-dar-saal ki badhotri hui hai, jo kul 23.3 mmt hai.

Stronger Earnings Reported

Indian Oil Corporation ne standalone EBITDA ₹226.1 billion report kiya hai, jo umeedon se behtar hai. Pichhle quarter ke ₹212.9 billion aur pichhle saal isi samay ke ₹137.1 billion ke muqable yeh zyada hai. Standalone Profit After Tax (PAT) bhi badhkar ₹113.8 billion ho gaya hai, jo analysts ke anumaanon se zyada hai. Yeh gains aise samay mein aayi hain jab company ne West Asia se judi market instability ke karan fiscal year 2026 ke fourth quarter aur poore saal ke Gross Refining Margins (GRMs) ko rok diya tha.

Future Investment and Pricing

Aage fiscal year 2027 (FY27) ke liye, Indian Oil Corporation ₹327 billion ka capital expenditure plan kar raha hai. Is amount ka lagbhag aadha refining aur pipeline projects mein invest kiya jayega. Company ko FY27 mein planned refinery shutdowns ke karan throughput 75 mmtpa ke aas-paas kam hone ki ummeed hai.

Badhti hui costs ko manage karne ke liye, May 2026 mein petrol aur diesel ki keematon mein ₹3.9 per liter ka izafa kiya gaya tha. Yeh adjustment kuch financial relief de sakta hai, lekin agar West Asia mein disturbances jari rehti hain, toh yeh losses ko poori tarah se cover nahi kar payega, jisse aage aur price hikes ki zarurat pad sakti hai.

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