Indian Oil Corporation Reports 78% Profit Surge in March Quarter

Indian Oil Corporation Ltd (IOC) reported a 78% year-on-year surge in consolidated profit after tax to Rs 14,458 crore [1, 2].

The financial results highlight the company's ability to maintain strong profitability despite global economic uncertainties. This growth is critical for the energy giant as it manages volatile crude prices and shifting demand in the Indian market.

For the March quarter of FY 2024-25, the company saw its revenue rise by approximately seven percent ^[2]. Other reporting indicates revenue from operations reached Rs 2.30 lakh crore ^[4], with some estimates placing the revenue growth as high as 10% ^[5].

Discrepancies exist across financial reports regarding the exact profit figures. While primary reports cite the Rs 14,458 crore figure ^[1], alternative data suggests a consolidated profit of Rs 10,841 crore, representing a 52% increase ^[4]. Furthermore, an earnings call transcript listed the Q4 profit after tax at Rs 7,265 crore ^[7].

Despite these varied figures, the company's full-year performance for FY25 showed a consolidated profit after tax of Rs 12,962 crore, which is an increase of 258% year-on-year ^[8].

IOC said the company recommended a final dividend for shareholders following the strong quarterly performance ^[1]. The board's decision follows a period of operational stability in its refining and marketing segments.

The company's reporting jurisdiction remains centered in India, where it operates as a primary energy provider. The surge in profit reflects a combination of strategic pricing and operational efficiency during the final quarter of the fiscal year.