Indian Oil Q3 Results: Standalone Profit Jumps Nearly 60%

Indian Oil Corporation Ltd has announced a strong set of results for the December quarter, with a standalone net profit jump of nearly 60% from the previous quarter, and multifold from Rs 2,874 crore in Q3FY25. 

Revenue also saw a healthy rise of 14.3%, increasing to ₹2.04 lakh crore compared to ₹1.79 lakh crore. Operating performance strengthened as well, with EBITDA jumping 43% to ₹20,824 crore versus ₹14,583 crore QoQ. Overall profitability improved, reflected in the company's EBITDA margin expanding to 10.2%, up from 8.2% in the previous quarter.

Indian Oil Corporation Q3 (Standalone, QoQ)

• Profit up 59.3% at Rs 12,126 crore versus Rs 7,610 crore
• Revenue up 14.3% At Rs 2.04 lakh crore versus Rs 1.79 lakh crore
• EBITDA up  43% At Rs 20,824 crore versus Rs 14,583 crore 
• Margin at 10.2% versus 8.2%

The shares of Indian Oil have risen over a percent, and is trading at around Rs 175 apiece. 

The company also maintained a strong financial position during the period, supported by a debt‑equity ratio of 0.60, reflecting moderate leverage and healthy balance‑sheet strength. Its net worth stood at ₹1,92,621 crore, underscoring a solid capital base.

Additionally, the interest service coverage ratio (ISCR) of 9.63 times in Q3 highlights comfortable interest‑servicing ability and robust liquidity, reinforcing the company's overall financial resilience.

Brokerage sentiment on Indian Oil remains broadly positive, with a clear buy bias despite the stock trading slightly above consensus target levels. Around 68% of analysts have a Buy rating, while 18% recommend Hold and about 15% are on Sell, reflecting confidence in the company's earnings visibility and cash flows, even as near-term upside appears capped.

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