IOC I O C L Q3 FY25 results (Oct–Dec 2024) and concall
IOC's Q3 FY25 showed recovery from Q2's near-zero PAT with Rs. 2,874 crores profit, driven by improved normalized GRM of $6.60/bbl despite reported GRM remaining subdued at $2.95/bbl due to Rs. 5,200 crore inventory losses. The quarter saw highest-ever petroleum product sales. Key concerns centered on LPG under-recoveries of approximately Rs. 14,000 crores in 9 months, sharply narrowing Russian crude discounts post-new sanctions, and significant erosion in market capitalization. Management guided for government support on LPG compensation and expects refinery expansions to drive earnings from
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What they filed
| Line item | Q2 FY25 | Q3 FY25 |
|---|---|---|
| Revenue | 1,73,848 | 1,93,900 |
| EBITDA | 3,772 | 7,117 |
| Net profit | 180 | 2,874 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
