New Delhi: In a major feat for the Indian oil sector, state-run Indian Oil Company on Saturday stated its whole gross sales quantity, together with exports, has crossed 100 million metric tonnes (MMT) for the primary time ever.  In a publish on X social media platform, the oil main stated it a historic milestone for them.

“Our whole gross sales quantity, together with exports, has crossed 100 MMT for the primary time ever — a stable 3 per cent progress. Pushed by 1.6 per cent rise in POL, 21 per cent in gasoline, and 6 per cent in petrochemicals, this marks a brand new chapter of excellence,” stated the corporate.

In its just-declared quarterly outcomes, the oil big’s internet revenue greater than doubled on quarter-on-quarter foundation to Rs 7,265 crore, in comparison with Rs 2,874 crore in Q3FY25. The sturdy rebound was supported by improved refining margins, stock good points, and higher operational efficiencies.

The oil big’s Gross Refining Margins (GRMs) or the distinction between the full worth of petroleum merchandise popping out of a refinery and the worth of uncooked supplies, stood at $8 per barrel. Indian Oil had reported GRMs of $2.9 per barrel within the earlier quarter.

EBITDA (earnings earlier than curiosity, tax, depreciation and amortisation) margin for the quarter stood at 7 per cent, greater than the three.7 per cent registered within the third quarter, reflecting the oil main’s higher management over prices and higher product combine.

EBITDA almost doubled on a sequential foundation, rising 90 per cent QoQ to Rs 13,572 crore from Rs 7,117 crore within the earlier quarter. This translated into a strong enchancment in working profitability.

On the highest line, income from operations remained regular at Rs 1.95 lakh crore, marginally greater than Rs 1.94 lakh crore within the previous quarter. The quarterly efficiency comes on the heels of IOCL’s continued push in each refining and clear power.