IndianOil has posted net profit of Rs. 180 crore in Q2 FY25 as compared to Rs. 12,967 crore in Q2 FY24 due to inventory losses and lower refining margins during current quarter. The Revenue from Operations of IndianOil is Rs. 1, 95,149 crores in Q2 FY25 as compared to Rs. 2, 02,312 crores in the corresponding quarter of previous financial year.

IndianOil reported Revenue from Operations of Rs. 4, 11,138 crores for the period April – September 2024 as compared to Rs. 4, 23,457 crores in corresponding period of previous financial year.

The Net Profit for the six months ended 30th September 2024 is Rs. 2,823 crores as compared to Rs. 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.

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 FY25, 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.