IOC

Q4 FY2025 and Technical Outlook

showed a strong Q4FY25 recovery with net profit rising 152% QoQ to ₹7,265 crore (vs ₹2,874 crore), and EPS improving to ₹5.14 from ₹2.03. Operating profit nearly doubled to ₹13,572 crore from ₹7,117 crore, with OPM expanding to 7% from 4%, driven by lower expenses despite flat revenue at ₹194,000 crore. However, on a YoY basis, FY25 results reflect pressure—net profit fell 67% to ₹12,962 crore (vs ₹39,619 crore), EPS dropped to ₹9.18 from ₹28.06, and operating profit halved to ₹33,096 crore from ₹69,437 crore, as OPM shrank to 4% from 9% despite only a slight revenue dip to ₹755,950 crore. Rising interest (₹8,732 crore) and depreciation costs (₹15,284 crore) weighed on margins. On the macro front, IOC may benefit from easing crude prices due to OPEC+ output cuts reversal from Q3FY26, supporting refining spreads and inventory gains. Technically, IOC broke out above ₹145.04 with strong volume and closed at ₹148.56, forming a bullish structure on daily and weekly charts. RSI at 75.07 signals strong momentum, though near overbought. The stock crossed key EMAs (9, 70, 100), now acting as support. Short-term resistance lies at ₹153.43 and ₹159.91, while support is seen at ₹139.20–₹136.00. A break below ₹129.40 would negate the bullish setup. Bias remains positive above ₹139. I have attached the daily chart of for your reference Follow me for more such posts, Thank You!