IndianOil Achieves Record Profits Amid Surge in Refining Margins in H1 FY2025-26

IndianOil has reported unprecedented sales volumes and a significant boost in profits for the first half of fiscal year 2025-26. This upswing is attributed to heightened refining margins and steady marketing performance, detailed in a recent press release by the company.

The firm's standalone net profit soared to Rs 13,299 crore in H1 of FY2025-26, a stark increase from Rs 2,823 crore in the corresponding period the previous year. Revenue from operations reached Rs 4,21,600 crore, surpassing last year's figure of Rs 4,11,138 crore. At a consolidated level, revenue and net profit rose to Rs 4,28,297 crore and Rs 14,999 crore, respectively, from Rs 4,18,480 crore and Rs 3,274 crore a year before.

IndianOil's gross refining margin (GRM) notably improved to USD 6.32 per barrel during the half-year, up from USD 4.08 per barrel in the prior year. On a normalized basis, taking inventory changes into account, the GRM reached USD 7.89 per barrel, compared with USD 2.97 per barrel last year. Sales volumes increased, with total sales climbing to 50.590 million metric tonnes from 48.213 MMT the previous year, and domestic petroleum product sales rising by 4 per cent to 42.589 MMT. Export sales saw a 25 per cent rise, hitting 2.766 MMT.