Indian Oil Corporation Limited (IOCL) has released its standalone financial results for Q3 and the nine months ending December 31, 2025. The company reported a Profit Before Tax (PBT) of ₹15,992 Cr for Q3 and ₹33,462 Cr for the 9-month period. The GRM for Q3 stood at US$12.22/bbl, while the 9-month GRM was US$8.41/bbl.
Financial Performance Highlights
IOCL’s standalone financial results for Q3 FY26 showcase a solid performance:
- Profit Before Tax (PBT): ₹15,992 Cr (Q3), ₹33,462 Cr (9M)
- Profit After Tax (PAT): ₹12,126 Cr (Q3), ₹25,425 Cr (9M)
- EBITDA Contribution: ₹22,046 Cr (Q3), ₹51,373 Cr (9M)
- GRM (US$/bbl): 12.22 (Q3), 8.41 (9M)
Operational Performance
The operational highlights for Q3 FY26 include:
- Throughput (MMT): 19.4 (Q3), 55.7 (9M)
- Capacity Utilization (%): 109.7 (Q3), 105.3 (9M)
Segment-Wise Sales
Total sales for the period are as follows:
- Inland Sales: 23.111 MMT (Q3), 65.700 MMT (9M)
- Total Sales: 27.184 MMT (Q3), 77.774 MMT (9M)
Capital Expenditure (Capex)
IOCL has also provided an update on its capital expenditure:
- Capex incurred during 9M FY26: ₹24,336 Cr
- Capex Target for FY 2025-26: ₹34,701 Cr
Major Projects Update
- Panipat Refinery Expansion (15 MMTPA to 25 MMTPA): Expected Commissioning Date Dec’26, Physical Progress 91.6%
- Gujarat Refinery Expansion (13.7 MMTPA to 18 MMTPA): Expected Commissioning Date Nov’26, Physical Progress 85.8%
- Barauni Refinery Expansion (6 MMTPA to 9 MMTPA): Expected Commissioning Date Aug’26, Physical Progress 89.4%
Source: BSE
