Indian Oil’s Sales Volume, Including Exports, Crosses 100 MMT For 1st Time

New Delhi: In a vital feat for the Indian oil sector, state-run Indian Oil Corporation on Saturday mentioned its overall gross sales quantity, together with exports, has crossed 100 million metric tonnes (MMT) for the primary time ever.  In a submit on X social media platform, the oil primary mentioned it a historical milestone for them.

“Our total sales volume, including exports, has crossed 100 MMT for the first time ever — a solid 3 per cent growth. Driven by 1.6 per cent rise in POL, 21 per cent in gas, and 6 per cent in petrochemicals, this marks a new chapter of excellence,” mentioned the corporate.

In its just-declared quarterly effects, the oil large’s internet benefit greater than doubled on quarter-on-quarter foundation to Rs 7,265 crore, in comparison to Rs 2,874 crore in Q3FY25. The sturdy rebound used to be supported through progressed refining margins, stock positive aspects, and higher operational efficiencies.

The oil large’s Gross Refining Margins (GRMs) or the adaptation between the overall worth of petroleum merchandise popping out of a refinery and the cost of uncooked fabrics, stood at $8 in keeping with barrel. Indian Oil had reported GRMs of $2.9 in keeping with barrel within the earlier quarter.

EBITDA (profits earlier than passion, tax, depreciation and amortisation) margin for the quarter stood at 7 in keeping with cent, upper than the 3.7 in keeping with cent registered within the 3rd quarter, reflecting the oil primary’s higher keep watch over over prices and higher product combine.

EBITDA just about doubled on a sequential foundation, emerging 90 in keeping with cent QoQ to Rs 13,572 crore from Rs 7,117 crore within the earlier quarter. This translated into a powerful growth in working profitability.

On the highest line, income from operations remained secure at Rs 1.95 lakh crore, marginally upper than Rs 1.94 lakh crore within the previous quarter. The quarterly efficiency comes at the heels of IOCL’s persisted push in each refining and blank power.