Indian Oil Corporation (IOC) reported a strong performance for the third quarter, with profitability and operating metrics improving significantly on a quarter-on-quarter basis, supported by higher revenues and better margin expansion.
IOC’s net profit for Q3 rose 59.3% to ₹12,126 crore compared with ₹7,610.5 crore in the previous quarter. The sharp increase reflects improved refining margins and better operational efficiency during the quarter.
Revenue from operations increased 14.3% QoQ to ₹2.04 lakh crore, up from ₹1.78 lakh crore in Q2. The growth in revenue was driven by higher sales volumes and improved realizations across key business segments.
Earnings before interest, tax, depreciation and amortisation (EBITDA) surged 42.8% to ₹20,824.8 crore in Q3, compared with ₹14,584.8 crore reported in the preceding quarter. The rise in EBITDA indicates a strong improvement in core operating performance.
EBITDA margin for the quarter stood at 10.2%, improving from 8.2% in Q2. The margin expansion highlights better cost management and favourable market conditions during the period.
