The Q2 FY25 financial results for Indian Oil Corporation (IOC) reflect a challenging quarter with significant year-over-year declines in revenue, profit, and EBITDA margins.
- Revenue for Q2 FY25 stood at ₹1.73 lakh crore, a drop of 10.03% compared to ₹1.93 lakh crore in Q2 FY24.
- Profit After Tax (PAT) saw a substantial decline of 93.19%, dropping to ₹180 crore from ₹2,643 crore in Q2 FY24.
- EBITDA decreased by 56.32%, down to ₹3,772 crore from ₹8,635 crore in the same quarter last year.
- EBITDA Margin also contracted, standing at 2.17%, down from 4.47% in Q2 FY24.
The results include an exceptional gain of ₹1,157 crore related to input tax credit, which partially offset the declines but was not enough to prevent the overall drop in financial performance.
This performance highlights the significant pressures faced by the company in the quarter.
TOPICS:
Indian oil corporation