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Key Points

Indian Oil Corporation has achieved a remarkable milestone by crossing 100 million metric tonnes in sales volume for the first time. The company's quarterly results show an impressive financial performance with net profits more than doubling to Rs 7,265 crore. Improved refining margins and operational efficiencies have been key drivers of this success. This achievement signals a strong growth trajectory for the state-run oil major in the evolving energy landscape.

Key Points: Indian Oil Hits 100 MMT Sales Milestone with Record Profits

  • Historic 100 MMT sales milestone achieved by Indian Oil
  • Net profit more than doubles to Rs 7,265 crore
  • Gross Refining Margins improve to $8 per barrel
  • EBITDA rises 90% quarter-on-quarter
2 min read

Indian Oil's sales volume, including exports, crosses 100 MMT for 1st time

State-run Indian Oil Corporation achieves historic 100 MMT sales volume, doubles net profit with strong operational performance

"Our total sales volume, including exports, has crossed 100 MMT for the first time ever - Indian Oil Corporation Official"

New Delhi, May 3

In a significant feat for the Indian oil sector, state-run Indian Oil Corporation on Saturday said its total sales volume, including exports, has crossed 100 million metric tonnes (MMT) for the first time ever.

In a post on X social media platform, the oil major said it a historic milestone for them.

"Our total sales volume, including exports, has crossed 100 MMT for the first time ever -- a solid 3 per cent growth. Driven by 1.6 per cent rise in POL, 21 per cent in gas, and 6 per cent in petrochemicals, this marks a new chapter of excellence," said the company.

In its just-declared quarterly results, 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.

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.

- IANS

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Reader Comments

R
Rahul K.
This is fantastic news for our energy sector! 🇮🇳 Crossing 100 MMT shows how IndianOil is becoming a global player. The 21% growth in gas sales is particularly impressive - shows we're moving towards cleaner energy sources. Hope this success translates to better fuel prices for common people too!
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Priya M.
While the numbers look good, I wonder when we'll see benefits at petrol pumps? The company's profits doubled but fuel prices remain high. Would be great if some of these gains could be passed on to consumers. Still, proud of an Indian company achieving this milestone!
A
Amit S.
The GRM improvement from $2.9 to $8 is remarkable! Shows how efficient our refining has become. This is exactly what we need to reduce our dependence on imported refined products. Next target should be 150 MMT! #MakeInIndia
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Neha T.
As someone working in the energy sector, I can say this achievement didn't come easy. The operational improvements and inventory management deserve applause. The petrochemicals growth shows good diversification too. Hope they invest more in R&D now!
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Sanjay V.
Good performance, but I'm concerned about the environmental impact. With such massive volumes, what's IOCL doing about carbon emissions? The report mentions clean energy push - would love to see more details on renewable investments.
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Kavita R.
These numbers are impressive but let's not forget the hardworking employees behind this success! The operational efficiency gains show their dedication. Hope the company shares some profits with its workforce too. After all, they're the real fuel behind this achievement! ✨

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