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Indian Oil Q3 Profit Surges to ₹12,126 Crore on Margin Recovery

Stronger refining margins alongside an LPG subsidy payment powered the rebound.

Overview

  • Revenue from operations reached ₹2,31,769 crore in Q3, up 7% year on year.
  • Net profit rose 59.3% from Q2 as operating margin widened to 7.23%.
  • Gross refining margin averaged $8.41 per barrel for April–December, up from $3.69 a year earlier.
  • The company recognized ₹2,414 crore in LPG subsidy compensation for November and December, lifting operating revenue.
  • Nine‑month net profit climbed 346% to ₹25,424.91 crore on ₹6,53,369 crore in revenue, while no dividend or buyback was announced and the stock gained about 3% after the release.