Indian Oil’s Gross sales Quantity, Together with Exports, Crosses 100 MMT For 1st Time

New Delhi: In a major feat for the Indian oil sector, state-run Indian Oil Company on Saturday mentioned its whole gross sales quantity, together with exports, has crossed 100 million metric tonnes (MMT) for the primary time ever. In a publish on X social media platform, the oil main mentioned it a historic milestone for them.

“Our whole gross sales quantity, together with exports, has crossed 100 MMT for the primary time ever — a stable 3 per cent development. Pushed by 1.6 per cent rise in POL, 21 per cent in gasoline, and 6 per cent in petrochemicals, this marks a brand new chapter of excellence,” mentioned the corporate.

In its just-declared quarterly outcomes, the oil large’s web revenue greater than doubled on quarter-on-quarter foundation to Rs 7,265 crore, in comparison with Rs 2,874 crore in Q3FY25. The sturdy rebound was supported by improved refining margins, stock positive factors, and higher operational efficiencies.

The oil large’s Gross Refining Margins (GRMs) or the distinction between the overall worth of petroleum merchandise popping out of a refinery and the value of uncooked supplies, stood at $8 per barrel. Indian Oil had reported GRMs of $2.9 per barrel within the earlier quarter.

EBITDA (earnings earlier than curiosity, tax, depreciation and amortisation) margin for the quarter stood at 7 per cent, greater than the three.7 per cent registered within the third quarter, reflecting the oil main’s higher management over prices and higher product combine.

EBITDA practically doubled on a sequential foundation, rising 90 per cent QoQ to Rs 13,572 crore from Rs 7,117 crore within the earlier quarter. This translated into a sturdy enchancment in working profitability.

On the highest line, income from operations remained regular at Rs 1.95 lakh crore, marginally greater than Rs 1.94 lakh crore within the previous quarter. The quarterly efficiency comes on the heels of IOCL’s continued push in each refining and clear vitality.