https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Q4 Results: Indian Oil Corporation Reports 58% Surge in Q4 Net Profit Despite Revenue Dip

Indian Oil's fourth-quarter profit jumps on inventory gains.
Indian Masterminds Stories

New Delhi, April 30, 2025 — Public-sector energy major Indian Oil Corporation (IOC) reported a robust 58% jump in consolidated net profit for the fourth quarter (Q4) of financial year 2024–25 (FY25), reaching ₹8,123.64 crore compared to ₹5,148.87 crore in the same quarter last year. The sharp rise comes despite a marginal decline in revenue and weaker refining margins.

Sequentially, the profit figure marks an exponential increase—nearly 300 times higher than the ₹2,115.29 crore net profit reported in Q3 FY25, when the company faced pressure from lower refining margins and rising operational costs.

Revenue from operations for Q4 FY25 stood at ₹2,21,360.24 crore, a slight decline of 1% from ₹2,23,649.85 crore in Q4 FY24. However, it grew by 1% from the ₹2,19,522.35 crore posted in the previous quarter. Meanwhile, total consolidated expenses fell 2% year-on-year to ₹2,12,834.10 crore and were also down 3% from Q3 levels.

Indian Oil’s domestic sales volume for the quarter rose to 24.601 million metric tonnes (MMT), up from 23.737 MMT a year earlier. Total sales volume, including exports, was 25.945 MMT, registering a 3% growth. For the full fiscal year, total sales volumes rose to 100.292 MMT, also reflecting a 3% increase.

In terms of operations, pipeline throughput saw an uptick of 5% in Q4, reaching 25.777 MMT, while refinery throughput was marginally higher at 18.548 MMT compared to 18.282 MMT last year. However, on a full-year basis, refinery throughput dropped to 71.564 MMT, down from 73.308 MMT in FY24.

Despite operational growth, the Gross Refining Margins (GRM) weakened. The Q4 GRM dropped to $7.85 per barrel, from $8.39 per barrel in the same quarter last year. For the full year, GRM plunged to $4.80 per barrel, a sharp fall from $12.05 per barrel in FY24.

Indian Oil also reported increased financial strain. The company’s finance costs rose to ₹8,732 crore in FY25 from ₹7,328 crore the previous year, while total borrowings as of March 31, 2025, stood at ₹1,34,466 crore—up from ₹1,16,496 crore a year ago. Annual capital expenditure (capex) declined to ₹39,260 crore from ₹42,236 crore.

For the full fiscal year, the Corporation posted a standalone net profit of ₹12,962 crore, significantly lower than ₹39,619 crore in FY24. However, on a consolidated basis, the Group recorded a Profit After Tax (PAT) of ₹13,789 crore for FY25.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
Allahabad High Court
42 UP Judges Transferred in Allahabad High Court Order, Gyanvapi Judge Sanjeev Pandey Moved to Meerut, Jai Prakash Tiwari to Varanasi
GIC Re
Satheesh Kumar Appointed as Key Managerial Personnel of GIC Re 
Maharashtra govt-logo
Maharashtra Unveils Policy to Boost Shipbuilding, Repair and Recycling Sector
HUDCO
HUDCO Appoints Kantilal C. Patel & Sabitha Bojan As Independent Directors - Know More About Them
IPS logo resized
IPS Ravi Gupta & 6 Other Officers Move Telangana High Court Against Stay Order on Nagaram Land Transactions
Karnataka
Buzz in Karnataka Bureaucracy As the State Braces For A New DGP! IPS PK Thakur or M A Saleem, Who Will Make the Final Cut?
Punjab and Sind Bank
Result: Punjab & Sind Bank Q4 Profit More Than Doubles to ₹313 Crore, Annual Profit Surges 71% in FY25
Madhubala Kalluri
Madhubala Kalluri Recommended as Next Director (Finance) of MIDHANI, Know More About Here
ADVERTISEMENT
ADVERTISEMENT
Videos
IMG-20250429-WA0019
How Mission IAS is Transforming Dreams of Underprivileged UPSC Aspirants
Aakash Garg
Computer Engineer Aakash Garg Takes AIR-5 in UPSC CSE 2024 Through Sheer Discipline And Hard Work | Exclusive
Sandeep M Tamgadge
How IPS Sandeep M Tamgadge’s Journey Can Guide Your UPSC Preparation
ADVERTISEMENT
UPSC Stories
WhatsApp Image 2025-04-29 at 13.32
Born Without Sight, But Never Without a Dream: Manu Garg, AIR-91, CSE 2024
He lost his sight, but not his vision. Manu Garg’s journey to securing AIR-91 in UPSC CSE 2024 lit a...
IMG-20250429-WA0019
How Mission IAS is Transforming Dreams of Underprivileged UPSC Aspirants
Mission IAS empowers underprivileged UPSC aspirants with free residential coaching, mentorship, and resources....
Madhav Agarwal UPSC
He Wanted to Be a CA, Became IPS, and Now IAS: Witness Madhav Agarwal’s Extraordinary UPSC Journey
Madhav Agarwal, from Gwalior, overcame setbacks and four UPSC attempts to secure 16th rank and achieve...
Social Media
IAS Pulkit Garg
Central Jail Road Transforms into a Vibrant People-Centric Street in Varanasi
This road has been given a soul, the soul of a musical path, adorned with pink enamel folk art and every...
Rajan Singh Ex-IPS
Ex-IPS Officer Rajan Singh Shares Powerful Insight on Influence through Action
Mr. Rajan Singh is an ex-IPS officer of the 1997-batch (Kerala cadre) and founder of HabitStrong Org...
Exam Student Aspirant
'Bramhastra' For Aspirants Appearing for UPSC Prelims Exam 2025, ICLS Officer Altap Shaikh Shares Final Month Strategy
Officer Shaikh's practical and focused suggestions come as a timely morale booster for thousands of candidates...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Allahabad High Court
42 UP Judges Transferred in Allahabad High Court Order, Gyanvapi Judge Sanjeev Pandey Moved to Meerut, Jai Prakash Tiwari to Varanasi
GIC Re
Satheesh Kumar Appointed as Key Managerial Personnel of GIC Re 
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IMG-20250429-WA0019
Aakash Garg
Sandeep M Tamgadge
ADVERTISEMENT
ADVERTISEMENT