Indian Oil Corporation has posted its highest-ever performance for the first nine months of 2025-26, with record throughput, sales volumes, and profits.

 

The company reported a standalone net profit of Rs. 25,425 crore, up from Rs. 5,697 crore in the same period last year, driven by higher refining and marketing margins. At the group level, net profit soared to Rs. 28,501 crore, compared with Rs. 5,421 crore a year earlier. Revenue from operations rose to Rs. 6,53,369 crore standalone and Rs. 6,64,553 crore at the group level.

 

IndianOil’s refineries achieved a throughput of 55.719 million metric tonnes (MMT), a 5% increase from 53.016 MMT in 9M 24-25, marking the highest-ever 9-month throughput. Cross-country pipelines carried 77.900 MMT, up 4% from 74.700 MMT.

 

Sales volumes also set new records, reaching 77.774 MMT, up 5% from 74.347 MMT last year. Domestic petroleum sales grew 4.3%, outpacing the industry average of 4.1%, while HSD-Institutional sales surged 27.9%, compared with 9.7% industry growth. Petrochemical sales rose 3% to 2.411 MMT.

 

The company reported a gross refining margin (GRM) of $8.41 per barrel, up from $3.69 per barrel last year, with a normalized GRM of $9.86 per barrel.

 

Commenting on the performance, Saurabh Dutt, Executive Director (Corporate Communication & Branding), said: "The improvement in net profit is mainly on account of higher refining and marketing margins.”

 

IndianOil’s record 9M performance underscores its dominant position in refining, marketing, and petrochemicals, setting the stage for strong full-year results.