What was Indian Oil Corporation's (IOC) net profit in Q3?

IOC's net profit in the third quarter of the fiscal year 2025-26 surged to ₹12,125.86 crore.

Why did IOC's refining margins increase?

IOC's refining margins improved due to low prices of crude oil, the raw material used for fuel production.

Did IOC's fuel sales increase in the third quarter?

Yes, IOC's fuel sales volume increased by 5% in the third quarter, reaching 26.015 million tonnes.

Home / Business and Economy / IOC Profit Soars Fourfold on Record Refining Margins

IOC Profit Soars Fourfold on Record Refining Margins

5 Feb

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Summary

IOC's Q3 net profit surged to ₹12,125.86 crore.
Refining margins boosted profits due to low crude oil prices.
Fuel sales volume increased by 5% in the third quarter.

IOC Profit Soars Fourfold on Record Refining Margins

Indian Oil Corporation (IOC) announced a substantial increase in its net profit for the third quarter of the fiscal year 2025-26, with earnings surging over four-fold to ₹12,125.86 crore. This significant growth, compared to ₹2,873.53 crore in the same period last year, was largely attributed to favorable market conditions.

Refining margins saw a notable improvement due to the low cost of crude oil, IOC's primary raw material for producing fuels like petrol and diesel. This, coupled with a 5% increase in overall fuel sales volume to 26.015 million tonnes, significantly bolstered the company's revenue from operations, which rose to ₹2.31 lakh crore.

The company also received subsidy receipts totaling ₹2,414.34 crore related to government compensation for selling domestic cooking gas at controlled rates. This compensation, approved in October 2025, aims to cover past losses incurred by state-owned fuel retailers on subsidized LPG sales.