IOC Surges with Multi-Fold Profit Increase
Indian Oil Corporation Ltd reported a significant increase in net profit for the September quarter, driven by higher refining margins and improved operational efficiencies. The company's profit soared to Rs 7,610 crore, showcasing remarkable growth from Rs 180 crore in the same period last year. This impressive performance was bolstered by earning USD 19.6 per barrel of crude oil processed, a significant increase compared to previous quarters.
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- India
In a striking financial performance, State-owned Indian Oil Corporation Ltd (IOC) has announced a substantial leap in its net profit for the September quarter. Boosted by enhanced refining margins and significant operational efficiencies, the company achieved a catalytic growth in earnings.
This fiscal triumph saw IOC's standalone net profit skyrocket to Rs 7,610 crore in the second quarter of the 2025-26 financial year, a remarkable rise from Rs 180 crore during the same period last year, as highlighted in the company's recent statement.
The robust performance was fueled by an impressive gross refining margin of USD 19.6 per barrel of crude oil processed, far surpassing the USD 2.15 margin from the first quarter and USD 1.59 from the previous year’s second quarter.
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