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Key Points

State-run Indian Oil Corporation has reported a remarkable financial performance in the fourth quarter of 2024-25. The company's net profit surged 50% to Rs 7,265 crore, driven by improved refining margins and operational efficiencies. A significant highlight was the nearly doubled EBITDA and an additional investment of Rs 1,086 crore in its clean energy subsidiary. The company's strategic focus on refining and renewable energy continues to yield positive financial results.

Key Points: Indian Oil Profits Surge 50% in Q4 with Refining Boost

  • 50% year-on-year net profit increase to Rs 7,265 crore
  • Gross Refining Margins improved to $8 per barrel
  • EBITDA nearly doubled sequentially to Rs 13,572 crore
  • Additional Rs 1,086 crore invested in renewable energy subsidiary
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Indian Oil clocks 50 pc jump in Q4 net profit at Rs 7,265 crore

State-run Indian Oil reports impressive Q4 financial performance, with net profit jumping 50% and strong refining margins driving growth

"Our quarterly performance reflects improved operational efficiencies and strategic investments - Indian Oil Corporation Management"

New Delhi, April 30

State-run Indian Oil Corporation on Wednesday reported a net profit of Rs 7,264.85 crore for the January-March quarter of 2024-25, which represents a 50 per cent year-on-year increase over the corresponding figure of Rs 4,837.69 crore in the same period of the previous year.

The oil giant’s net profit more than doubled on quarter-on-quarter basis to Rs 7,265 crore, compared to Rs 2,874 crore in Q3FY25. The strong rebound was supported by improved refining margins, inventory gains, and better operational efficiencies.

Indian Oil’s Board has recommended a final dividend of Rs 3 per equity share of face value Rs 10 each for the financial year 2024-25.

The oil giant’s Gross Refining Margins (GRMs) or the difference between the total value of petroleum products coming out of a refinery and the price of raw materials, stood at $8 per barrel. Indian Oil had reported GRMs of $2.9 per barrel in the previous quarter.

EBITDA (earnings before interest, tax, depreciation and amortisation) margin for the quarter stood at 7 per cent, higher than the 3.7 per cent registered in the third quarter, reflecting the oil major’s better control over costs and better product mix.

EBITDA nearly doubled on a sequential basis, rising 90 per cent QoQ to Rs 13,572 crore from Rs 7,117 crore in the previous quarter. This translated into a robust improvement in operating profitability.

On the top line, revenue from operations remained steady at Rs 1.95 lakh crore, marginally higher than Rs 1.94 lakh crore in the preceding quarter.

The quarterly performance comes on the heels of IOCL’s continued push in both refining and clean energy.

Earlier in the day, the company announced an additional equity investment of Rs 1,086 crore in its wholly owned subsidiary Terra Clean Ltd., to set up 4.3 GW of new renewable energy capacity.

Shares of Indian Oil Corporation had surged after the results were announced, but lost their early gains to trade 1.1 per cent higher at Rs 137.31. The stock has gained around 5.5 per cent over the last month.

- IANS

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Reader Comments

R
Rajesh K.
Great to see Indian Oil performing so well! Hope some of these profits are used to reduce fuel prices for common people. Petrol/diesel prices are still pinching our pockets badly. 🚗⛽
P
Priya M.
Impressive numbers! But I wish PSUs would be more transparent about how much of these profits come from government policies versus actual operational efficiency. The renewable energy push is promising though.
A
Amit S.
Rs 3 dividend per share is decent but could be better considering the massive profits. As a small investor, I expected more. Still, good to see our PSUs performing well in volatile global oil markets.
S
Sunita R.
The renewable energy investment is the real story here! 4.3 GW clean energy capacity shows IOC is thinking long-term. More PSUs should follow this model - profits with purpose. 👏
V
Vikram J.
Refining margins jumping from $2.9 to $8/barrel is massive! Shows how global factors impact our oil companies. Hope they maintain this performance when crude prices fluctuate next quarter.

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