Indian Oil (IOC) Q1 24/25 earnings summary
Event summary combining transcript, slides, and related documents.
Q1 24/25 earnings summary
26 Nov, 2025Executive summary
Unaudited standalone and consolidated financial results for the quarter ended 30 June 2024 were approved by the Board of Directors on 30 July 2024.
Auditors issued unmodified review reports for both standalone and consolidated results, with no material misstatements identified.
Financial highlights
Standalone revenue from operations for Q1 FY25 was ₹2,15,988.76 crore, down from ₹2,21,145.42 crore in Q1 FY24.
Standalone net profit for Q1 FY25 was ₹2,643.18 crore, compared to ₹14,456.17 crore in Q1 FY24.
Consolidated revenue from operations for Q1 FY25 was ₹2,19,864.34 crore, down from ₹2,25,410.49 crore in Q1 FY24.
Consolidated net profit for Q1 FY25 was ₹3,722.63 crore, compared to ₹14,735.30 crore in Q1 FY24.
Average Gross Refining Margin (GRM) for Q1 FY25 was $6.39/bbl, down from $8.34/bbl in Q1 FY24; core GRM was $2.84/bbl.
Outlook and guidance
No deviation or variation in the use of proceeds from listed non-convertible debentures; all funds utilized as intended.
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