Q1-FY26 · Anuj Jain
This quarter we have registered a profit after tax of rupees 5689 cr which was rupees 7265 cr in the preceding quarter and rupees 2643 cr in the corresponding quarter of financial year 25.
Indian Oil Corporation · tone and specificity signals across the available quarters.
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This quarter we have registered a profit after tax of rupees 5689 cr which was rupees 7265 cr in the preceding quarter and rupees 2643 cr in the corresponding quarter of financial year 25.
Our sales for the quarter were highest ever and many other operational achievements were made.
We have set ourselves the goal of increasing our share of the national energy basket from 9% today to 12 to 12.5% by 2050.
Our reported GRM is $15.59 per gallon and if you add SAD it would be around $36 per barrel for Indian Oil corporation that would have been the gross number if we were to include it.
Going forward renewables will be one sector where we will have to invest. We have a target of 18 GW renewable power in next 3 to 4 years. Petrochemicals and fuel ammonia are the two sectors which will take my major capex.
On inventory on the finished good side I have an inventory gain because the quotes in the international market of gasoline all the products went up. So there we had an inventory gain but on crude we had a marginal inventory loss.
The strategic initiative of project sprint has started showing improvements with green shoots visible in operational and financial performances.
Given the performance we had in Q2 and the other sectors what you mentioned, we should have a good profitability for this year.
We are not absolutely going to discontinue [Russian crude] as long as we are doing the compliance of the sanctions... if somebody comes to me which is a non-sanctioned entity and the cap is being complied with, then I will continue to buy it.