Indian Oil Corporation Ltd's Q3FY25 Quarter Results
- 28 Jan 2025
Result Summary
- Indian Oil Corporation Ltd reported a 11.0% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 3.1%.
- Its expenses for the quarter were up by 8.4% QoQ and 1.9% YoY.
- The net profit decreased 578.5% QoQ and decreased 76.7% YoY.
- The earnings per share (EPS) of Indian Oil Corporation Ltd stood at 1.5 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 195036.06 | 175699.37 | 201173.88 | 11.0% | -3.1% |
Total Expenses | 193199.18 | 178290.41 | 189521.08 | 8.4% | 1.9% |
Profit Before Tax | 2531.98 | -1263.86 | 11357.57 | -300.3% | -77.7% |
Tax | 619.12 | -139.93 | 2780.43 | -542.4% | -77.7% |
Profit After Tax | 2147.35 | -448.78 | 9224.85 | -578.5% | -76.7% |
Earnings Per Share | 1.50 | -0.10 | 6.60 | -1600.0% | -77.3% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Indian Oil Corporation Ltd, commonly abbreviated as IOCL, is a leading player in the Indian oil and gas industry. The company is primarily engaged in the refining, transportation, and marketing of petroleum products, along with the exploration and production of crude oil and natural gas. It is one of India's largest commercial enterprises, with a significant presence in the energy sector. Indian Oil operates a vast network of refineries and has an extensive distribution network for its products, which include petrol, diesel, LPG, aviation turbine fuel, and petrochemicals. The company is also involved in the production and sale of lubricants under the brand name SERVO. As a state-owned enterprise, Indian Oil Corporation plays a crucial role in meeting the country's energy demands, contributing significantly to its energy security.
Revenue
In the third quarter of the fiscal year 2025, Indian Oil Corporation Ltd reported a total income of ₹195,036.06 crores. This represents an increase of 11.0% when compared to the previous quarter (Q2FY25), where the total income stood at ₹175,699.37 crores. However, when compared to the same quarter in the previous year (Q3FY24), which reported a total income of ₹201,173.88 crores, there was a decline of 3.1%. This fluctuation in revenue showcases the dynamic nature of the company's income streams and reflects the broader economic conditions and market trends impacting the oil and gas industry.
Profitability
The profitability of Indian Oil Corporation Ltd in Q3FY25 experienced significant changes. The company reported a profit before tax of ₹2,531.98 crores, a marked improvement from a loss of ₹1,263.86 crores in the previous quarter (Q2FY25). This quarter-on-quarter change translates to an impressive growth rate of -300.3%. However, when compared to Q3FY24, where the profit before tax was ₹11,357.57 crores, there was a substantial decline of 77.7%. The profit after tax for Q3FY25 was reported at ₹2,147.35 crores, a notable recovery from a loss of ₹448.78 crores in Q2FY25, indicating a quarter-over-quarter growth rate of -578.5%. Compared to the previous year, however, the profit after tax decreased by 76.7%, signifying a challenging year-over-year performance. The company's earnings per share for the quarter were ₹1.50, compared to a loss of ₹0.10 in Q2FY25 and ₹6.60 in Q3FY24, reflecting a similar trend in profitability metrics.
Operating Metrics
Operating expenses for Indian Oil Corporation Ltd in Q3FY25 were ₹193,199.18 crores, representing an increase of 8.4% from Q2FY25, where expenses were ₹178,290.41 crores. Year-over-year, the expenses increased by 1.9% compared to ₹189,521.08 crores in Q3FY24. Despite the rise in expenses, the company managed to achieve positive profitability metrics for the quarter. The tax expenses for Q3FY25 were ₹619.12 crores, a shift from a tax credit of ₹139.93 crores in Q2FY25. This change marks a significant turnaround in the company's tax obligations. On a year-over-year basis, tax expenses decreased by 77.7% from ₹2,780.43 crores reported in Q3FY24. These operating metrics reflect the company's strategic financial management and its efforts to navigate the challenges within the industry.
