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Indian Oil Q2 Results FY24-25 Highlights: Net Loss of ₹4,878 Crore

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Synopsis:

Indian Oil Corporation Limited (IOCL) reported consolidated revenue of ₹1,99,330.05 crore and a net loss of ₹-4,878 crore for Q2 FY24-25, reflecting challenges in the global energy market and fluctuating crude prices.

Key Highlights / Quick Insights

  • Total Income: ₹1,99,330.05 crore, maintaining stable performance despite sectoral challenges
  • Net Loss: Loss of ₹4,878 crore for Q2 FY24-25
  • Operating Profit before Working Capital Changes: Stood at ₹14,961.54 for Q2 FY24-25
  • Operating Margin: Impacted by market volatility, leading to a reduced margin for the quarter

INDIAN OIL CORP LTD

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Updated - 30 October 2024
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Quarterly - Indian Oil Q2 Results FY24-25

Indian Oil Corporation’s Q2 results showcase its robust revenue performance despite a challenging operating environment. The total consolidated income reached ₹1,99,330.05 crore, with a net loss of ₹4,878 crore due to heightened finance costs and excise duty impacts, demonstrating the pressures faced in Q2 FY24-25.

Financial Table: Indian Oil Consolidated Results for Q2 FY24-25

Particulars

Q2 FY24-25

Q1 FY24-25

Q2 FY23-24

Total Income

₹1,99,330.05 Cr

₹2,20,395.41 Cr

₹2,05,789.51 Cr

Net Loss/Profit

₹(4,878) Cr

₹3,722.63 Cr

₹13,713.08 Cr

Total Comprehensive Income

₹1,999.30 Cr

₹5,599.34 Cr

₹16,880.24 Cr

Operating Margin

0.03%

2.91%

9.69%

Segment Highlights

  • Petroleum Products: ₹1,85,82,126 crore, a decent revenue stream amidst fluctuating crude prices.
  • Petrochemicals: Contributed ₹6,813.36 crore, maintaining stability in downstream operations.
  • Other Business Activities: ₹11,130.08 crore, supporting Indian Oil’s revenue diversification.

Sector Expectations for Indian Oil 2Q Results FY24-25

The energy sector faced persistent pressures from volatile crude prices and global demand shifts in Q2. Indian Oil’s results align with these sector trends, demonstrating strategic cost management despite the net loss and maintaining its revenue base against sector benchmarks.

Management Commentary

Indian Oil’s management addressed the challenging quarter and outlined strategies to navigate market conditions, focusing on refining and supply chain optimization. They emphasized ongoing investments in alternative energy sources, supporting long-term resilience and growth.

Check out Indian Oil's past performances in previous quarters and financial years. 

Conclusion

Indian Oil’s Q2 FY24-25 results underscore the challenges within the global energy sector, with a notable net loss despite achieving significant revenue. The management's focus on strategic investments and operational efficiency offers potential recovery pathways, bolstering future growth in alignment with sustainable energy goals.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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