Indian Oil Corporation (IOC) has reported a 50 percent year-on-year rise in standalone net profit at Rs 7,265 crore in Q4FY25 on account of inventory gains and robust domestic sales. It reported net profit of Rs 4,838 crore in the year-ago period.
The oil major’s revenue from operations stood at Rs 2.18 lakh crore during the quarter, lower than Rs 2.20 lakh crore reported in the same period last year.
The refinery throughput of the company was 18.548 million metric tonne (MMT) during the quarter, compared to 18.282 MMT last year.
On the marketing front, quarterly domestic market sales of IOCL came in at 24.601 MMT during Jan-Mar 2025 from 23.737 MMT in last year. Exports in the quarter came in at 1.344 MMT.
Indian Oil's gross refining margins (GRM) for Q4 was $7.85 per barrel, as compared to $8.39 a barrel in the same period last year.
Along with the Q4 results, IOC also announced a final dividend of Rs 3 per equity share for FY25.
At 3 pm on April 30, IOC shares were trading 2% higher at Rs 138.5 apiece.
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