Inter State Oil's full-year profit jumps 68%, but Q4 did the heavy lifting
A Q4 net profit of ₹120.90 lakh accounts for the vast majority of FY26's earnings, masking a sluggish start to the year.
— 1 earlier story on Inter State Oil Carrier Ltd. →What's new
- FY26 net profit grew 68% year-on-year, driven almost entirely by a strong fourth quarter.
- Q4 net profit was ₹120.90 lakh, nearly nine times the ₹14.07 lakh from Q4 FY25.
- The board skipped a dividend and approved routine administrative changes.
Why this matters
For a nano-cap transporter, the Q4 swing is the only material takeaway. The full-year growth looks solid on paper, but the lopsided quarterly distribution raises questions about earnings stability and what drove the late-year surge.
What we're watching
- Whether the Q4 profit run-rate is sustainable into FY27.
- Any fleet expansion plans or capital expenditure following the strong close.
- The company's disclosure of any specific freight or volume drivers for the Q4 jump.
The full read
Inter State Oil Carrier's FY26 profit jumped 68%. The headline is misleading. ₹120.90 lakh of the profit arrived in the final quarter, up from ₹14.07 lakh a year prior. That's a nine-fold swing in a single quarter. For a nano-cap, that's a material event, but the filing offers no explanation for the surge. Revenue for the year grew 22%. The board kept the cash—no dividend. This is a routine annual filing where the numbers, not the disclosure, are the story. The Q4 number is large relative to the full year, raising the question of whether it reflects a one-off or a new baseline.
Questions answered
- How much of the full-year profit came from Q4?
- The Q4 net profit of ₹120.90 lakh is the dominant portion. The full-year profit growth of 68% was driven almost entirely by this final quarter rebound.
- Why is the Q4 performance so much stronger than earlier quarters?
- The filing provides no explanation. The only data point is the year-on-year comparison: Q4 FY26 net profit was ₹120.90 lakh versus ₹14.07 lakh in Q4 FY25.
- Did the company return cash to shareholders?
- No. The board did not declare a dividend for FY26.
- What were the other board decisions?
- Routine items: re-appointment of key personnel and revisions to company policies. No strategic announcements.
Story so far
All notes on INTSTOIL →- 25 May 2026 · 7:06 PM IST Inter State Oil's full-year profit jumps 68%, but Q4 did the heavy lifting
- 42d ago Inter State Oil's audited results are out. They were already out.