IndianOil reported Revenue from Operations of Rs. 2, 15,989 crores for the Q1 2024-25 as compared to Rs. 2, 21,145 crores in corresponding quarter of previous financial year. IndianOil sold 25.252 million metric tonnes of products, including exports, during the first quarter of financial year 2024-25. The refining throughput is 18.168 million metric tonnes and the throughput of the Corporation’s countrywide pipelines network including gas pipelines is 25.811 million metric tonnes.

The Net Profit for Q1 2024-25 is Rs. 2,643 crores as compared to Rs. 13,750 crores during the corresponding quarter of previous financial year mainly on account of reduced refining margins affected by lower cracks in line with the international trends and suppressed marketing margins during the current quarter.

Average Gross Refining Margin (GRM) during the Q1 2024-25 is $6.39 per bbl as compared to $8.34 per bbl in corresponding quarter of previous financial year. The core GRM for current quarter after offsetting inventory loss/ gain comes to $2.84 per bbl.