Indian Oil Corporation (IOC) reported its consolidated financial results for Q3 FY25, showcasing a mixed performance. The company’s revenue from operations stood at ₹2,19,522.35 crore for the quarter ended December 31, 2024, reflecting a 3.3% YoY decline from ₹2,26,892.08 crore in Q3 FY24. However, on a QoQ basis, revenue increased by 10.5% from ₹1,98,615.80 crore in Q2 FY25.
Net profit for the quarter came in at ₹2,147.35 crore, marking a significant turnaround from the loss of ₹448.78 crore recorded in Q3 FY24. However, on a QoQ comparison, it declined by 22.6% from ₹2,773.23 crore in Q2 FY25.
Financial Highlights (₹ in crore)
| Particulars | Q3 FY25 | Q2 FY25 | Q3 FY24 | % QoQ Change | % YoY Change |
|---|---|---|---|---|---|
| Revenue from Operations | 2,19,522.35 | 1,98,615.80 | 2,26,892.08 | 10.5% | -3.3% |
| Net Profit/(Loss) | 2,147.35 | 2,773.23 | (448.78) | -22.6% | N/A |
IOC’s performance reflects a rebound in profitability on a YoY basis, aided by improved operational efficiency and better market conditions. However, the decline in net profit QoQ suggests some challenges in maintaining momentum, possibly due to volatile input costs or changes in demand dynamics.
Operational Insights
- Revenue Decline YoY: The slight contraction in revenue compared to the same period last year indicates subdued demand or price pressures in the quarter.
- Profitability Recovery: The significant improvement in net profit YoY highlights better cost management and operational execution.
- Sequential Decline in Profit: Despite higher revenue, the QoQ profit decline underscores potential cost pressures or other operational challenges.
IOC remains a critical player in India’s oil and gas sector, and its Q3 results showcase resilience in overcoming market challenges. Further updates on operational metrics and market outlook will provide insights into the company’s performance trajectory.
