Indian Oil Corporation Limited (IOCL) has reported its standalone unaudited financial results for the quarter ended June 30, 2025, showing a notable year-on-year improvement in profitability despite modest revenue growth.
Financial performance
Revenue stood at Rs 1.93 lakh crore, down 1% from Rs 1.95 lakh crore in Q4 FY25. Net profit (PAT) dropped 21.7% to Rs 5,688.6 crore from Rs 7,264.9 crore in the previous quarter. EBITDA came in at Rs 12,607.2 crore, down 7.1% from Rs 13,572.6 crore in Q4. The EBITDA margin contracted by 50 basis points to 6.5% from 7%.
Expense overview
Total expenses marginally declined to Rs 2,11,815.94 crore from Rs 2,13,069.95 crore a year ago, driven by lower costs of materials consumed (Rs 96,661.02 crore vs Rs 1,04,647.55 crore YoY) and reduced purchases of stock-in-trade. However, excise duty payments increased to Rs 25,637.11 crore from Rs 22,753.24 crore YoY. Finance costs remained largely stable at Rs 1,972.67 crore compared to Rs 1,960.27 crore in Q1 FY25.
Profitability surge
Profit before tax jumped to Rs 7,404.91 crore in Q1 FY26, more than double the Rs 3,452.71 crore recorded in the same period last year. This growth translated into a net profit of Rs 5,688.60 crore, marking a sharp 115% YoY rise from Rs 2,643.18 crore in Q1 FY25. On a sequential basis, however, net profit was lower than the Rs 7,264.85 crore reported in Q4 FY25.
Tax expenses
The company’s tax outgo for the quarter stood at Rs 1,716.31 crore, comprising Rs 1,475.66 crore in current tax and Rs 240.65 crore in deferred tax.
