Indian Oil Corporation Ltd. Q1 FY2025 results: revenue ₹2,19,864 crore, down 2.5% on the year
Indian Oil Corporation Ltd. (IOC) reported consolidated revenue from operations of ₹2,19,864 crore for Q1 FY2025, the quarter ended 30 June 2024, down 2.5% on the same quarter a year earlier. Profit after tax was ₹3,723 crore, down 74.7% on the year, and earnings per share ₹2.56. The figures are the company's own, from the unaudited results it filed with NSE on 30 July 2024.
The quarter, against the one before and a year earlier
| Line | Q1 FY2025 | Q4 FY2024 | Q1 FY2024 | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 2,19,864 | 2,23,650 | 2,25,410 | -2.5% |
| Other income | 533 | 1,454 | 615 | -13.3% |
| Total income | 2,20,397 | 2,25,103 | 2,26,025 | -2.5% |
| Cost of materials consumed | 1,18,568 | 1,12,865 | 1,07,318 | +10.5% |
| Purchases of stock-in-trade | 48,664 | 52,494 | 45,231 | +7.6% |
| Changes in inventories | 1,010 | 5,236 | 7,724 | -86.9% |
| Employee benefit expense | 2,817 | 2,974 | 2,990 | -5.8% |
| Finance costs | 2,080 | 2,147 | 1,743 | +19.3% |
| Depreciation, depletion and amortisation | 4,103 | 4,094 | 3,476 | +18.0% |
| Other expenses | 38,885 | 38,111 | 38,431 | +1.2% |
| Total expenses | 2,16,127 | 2,17,920 | 2,06,914 | +4.5% |
| Profit before exceptional items and tax | 4,270 | 7,183 | 19,111 | -77.7% |
| Exceptional items | 0 | 0 | 0 | n/a |
| Profit before tax | 4,270 | 7,183 | 19,111 | -77.7% |
| Current tax | 847 | 1,694 | 3,984 | -78.7% |
| Deferred tax | 271 | 238 | 731 | -62.9% |
| Total tax | 1,118 | 1,932 | 4,715 | -76.3% |
| Profit after tax | 3,723 | 5,488 | 14,735 | -74.7% |
| Attributable to owners of the parent | 3,528 | 5,149 | 14,437 | -75.6% |
| Other comprehensive income | 1,877 | 6,764 | 398 | +371.1% |
| Total comprehensive income | 5,599 | 12,252 | 15,134 | -63.0% |
| EPS, basic | ₹2.56 | ₹3.74 | ₹10.48 | -75.6% |
| EPS, diluted | ₹2.56 | ₹3.74 | ₹10.48 | -75.6% |
₹ crore except per share.
Leverage, as the company states it
| Line | Q1 FY2025 | Q4 FY2024 | Q1 FY2024 | Change on the year |
|---|---|---|---|---|
| Debt to equity | 0.01 | 0.01 | 0.01 | |
| Debt service coverage | 0.01 | 0.01 | 0.04 | |
| Interest service coverage | 0.05 | 0.06 | n/a |
Debt to equity, debt service coverage and interest service coverage are the figures the company prints in its result statement under the listing regulations.
Quarterly results, the last 12 quarters
| Q1 FY2024 | Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,25,410 | 2,05,283 | 2,26,892 | 2,23,650 | 2,19,864 | 2,19,522 | 2,21,360 | 2,21,849 | 2,06,447 | 2,36,257 | 2,36,899 | 2,81,933 |
| Expenses | 2,06,914 | 1,87,699 | 2,16,803 | 2,17,920 | 2,16,127 | 2,18,692 | 2,12,834 | 2,14,830 | 1,96,699 | 2,20,057 | 2,19,533 | 2,84,009 |
| Operating profit | 23,716 | 23,328 | 16,576 | 11,970 | 9,920 | 7,573 | 15,029 | 13,267 | 16,245 | 22,745 | 24,804 | 4,062 |
| OPM % | 11% | 11% | 7% | 5% | 5% | 3% | 7% | 6% | 8% | 10% | 10% | 1% |
| Other income | 615 | 506 | 1,268 | 1,454 | 533 | 1,022 | 1,238 | 583 | 644 | 1,160 | 1,775 | 446 |
| Interest | 1,743 | 2,135 | 1,800 | 2,147 | 2,080 | 2,458 | 2,178 | 2,070 | 2,270 | 2,088 | 1,880 | 1,730 |
| Depreciation | 3,476 | 3,610 | 4,686 | 4,094 | 4,103 | 4,284 | 4,325 | 4,179 | 4,227 | 4,457 | 5,557 | 4,408 |
| Exceptional items | 0 | 0 | 0 | 0 | 0 | 680 | 1 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 19,111 | 18,090 | 11,358 | 7,183 | 4,270 | 2,532 | 9,765 | 7,602 | 10,392 | 17,360 | 19,142 | -1,630 |
| Tax % | 25% | 26% | 24% | 27% | 26% | 24% | 17% | 26% | 28% | 25% | 24% | n/a |
| Net profit | 14,735 | 13,713 | 9,225 | 5,488 | 3,723 | 2,147 | 8,368 | 6,808 | 8,191 | 13,502 | 15,176 | -1,141 |
| EPS in ₹ | ₹10.48 | ₹9.53 | ₹6.56 | ₹3.74 | ₹2.56 | ₹1.54 | ₹5.90 | ₹4.95 | ₹5.68 | ₹9.44 | ₹10.50 | -₹1.18 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.
Source
Unaudited consolidated results for the quarter ended 30 June 2024, filed with NSE on 30 July 2024: the result statement. All of Indian Oil Corporation Ltd.'s results: NSE company page.
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