Indian Oil Corporation Ltd. (IOCL) reported a strong sequential improvement in its financial performance for the quarter ended March 31, 2025 (Q4FY25), with net profit rising sharply and operating margins showing significant expansion.
The company’s net profit surged 153% quarter-on-quarter to ₹7,265 crore, compared to ₹2,874 crore in Q3FY25. The strong rebound was supported by improved refining margins, inventory gains, and better operational efficiencies.
EBITDA nearly doubled on a sequential basis, rising 90% QoQ to ₹13,572 crore from ₹7,117 crore in the previous quarter. This translated into a robust improvement in operating profitability.
Margins expanded by 330 basis points, coming in at 7% in Q4FY25, compared to 3.7% in Q3FY25 — reflecting the company’s strong control over costs and better product mix.
On the top line, revenue from operations remained steady at ₹1.95 lakh crore, marginally higher than ₹1.94 lakh crore in the preceding quarter, registering a slight dip of 0.5%.
The quarterly performance comes on the heels of IOCL’s continued push in both refining and clean energy. Earlier in the day, the company announced an additional equity investment of ₹1,086 crore in its wholly owned subsidiary Terra Clean Ltd., to set up 4.3 GW of new renewable energy capacity.
