Indian Oil Corporation Reports Q4 Consolidated Net Profit Rise

Indian Oil Corporation Limited reported a rise in fiscal Q4 consolidated net profit. The company's net sales were driven by refining and distribution of petroleum products, accounting for 94.6% of net sales, followed by sales of petrochemicals at 2.7%, and other activities at 2.7%. The majority of net sales came from India, accounting for 94.6%.

Indian Oil Corporation Limited (IOCL), a leading Indian oil and gas company, reported a significant increase in its consolidated net profit for the fourth quarter (Q4) of the financial year 2024-25 (FY25). The company's net profit jumped by 58% to ₹8,123.64 crore, compared to ₹5,148.87 crore in the same period last year [1].

The company's revenue from operations stood at ₹2,21,360.24 crore, a 1% decrease year-on-year (YoY) from ₹2,23,649.85 crore in the previous quarter. Total consolidated expenses for Q4 FY25 fell by 2% to ₹2,12,834.10 crore from ₹2,17,915.98 crore in Q4 FY24. This reduction in expenses contributed to the robust net profit growth [1].

On a standalone basis, IOCL reported a 50% YoY rise in net profit to ₹7,264.85 crore for the Jan-Mar quarter. The company's revenue from operations stood at ₹217,725.44 crore during the quarter [1].

For the entire financial year 2024-25, IOCL reported a consolidated net profit of ₹13,507.84 crore, a 68% drop compared to ₹41,729.69 crore reported at the end of FY24. Consolidated revenue from operations for FY25 fell by 2% to ₹8,59,362.73 crore from ₹8,81,235.45 crore YoY. Consolidated total expenses also dropped by 2% to ₹8,49,411.46 crore from ₹8,29,332.15 crore [1].

The majority of IOCL's net sales came from refining and distribution of petroleum products, accounting for 94.6% of net sales. Sales of petrochemicals accounted for 2.7%, and other activities accounted for 2.7%. The majority of these sales were from India, with 94.6% of net sales originating from the domestic market [2].

The company's board has recommended a final dividend of ₹3 per equity share for the financial year 2024-25, subject to the approval of shareholders at the ensuing Annual General Meeting (AGM). The dividend will be paid within 30 days from the date of declaration at the AGM [2].

IOCL's strong performance in Q4 FY25 reflects its resilience and adaptability in the face of market challenges. The company's focus on operational efficiency and cost management has contributed to its improved financial performance.

References:
[1] https://www.business-standard.com/companies/quarterly-results/indian-oil-corporation-q4-fy25-result-net-profit-revenue-dividend-share-125043000773_1.html
[2] https://www.business-standard.com/markets/capital-market-news/indian-oil-corp-gains-as-q4-pat-jumps-50-yoy-recommends-final-dividend-of-rs-3-sh-125043001096_1.html