News Release Details

IndianOil Financial Performance 6M 2024-25 (Standalone)
New Delhi   28-Oct-2024

Click here to read in detail about IndianOil Financial Performance Q1 FY 2024-25 (Standalone)

IndianOil reported Revenue from Operations of ₹4,11,138 crores for the period April – September 2024 as compared to ₹4,23,457 crores in corresponding period of previous financial year. The Net Profit for the six months ended 30th September 2024 is ₹2,823 crores as compared to ₹26,718 crores during the corresponding period mainly on inventory losses, reduced refining margins affected by lower cracks in line with the international trends and suppressed marketing margins during current period.

The Revenue from Operations of IndianOil is ₹1,95,149 crores in Q2 24-25 as compared to ₹2,02,312 crores in the corresponding quarter of previous financial year. The Net Profit in Q2 24-25 is ₹180 crores as compared to ₹12,967 crores in the corresponding quarter of FY 23-24 due to inventory losses and lower refining margins during current quarter.

IndianOil sold 48.213 million tonnes of products, including exports, during the period April – September 2024. Our refining throughput was 34.906 million tonnes and the throughput of the Corporation’s countrywide pipelines network was 48.213 million tonnes during the period. The gross refining margin (GRM) during the period April – September 2024 was US$ 4.08 per bbl as compared to US$ 13.12 per bbl in corresponding period of previous financial year.

For Q2 24-25, IndianOil's product sales volumes, including exports, was 22.961 million tonnes. The refining throughput was 16.738 million tonnes and the throughput of the Corporation’s countrywide pipelines network was 23.985 million tonnes during the quarter.

Shyam Bohra
Executive Director I/c (Corporate Communications, Branding & Coordination)
Indian Oil Corporation Limited