IOC, BPCL, HPCL report ₹23,743 crore combined profit
pre-market1 source ↓written by the desknot a recommendation
- in the December
- ₹23,743 cr
- a year ago
- ₹10,545 cr
- GRM rose
- $12.2 per barrel
- $3
- GRM increased
- $13.3
State-owned oil marketing companies IOC, BPCL, and HPCL more than doubled their combined profit to ₹23,743 cr in the December 2025 quarter, up from ₹10,545 cr a year ago. This surge was driven by robust refining margins and lower LPG under-recoveries.
Key metrics include:
• IOC's gross refining margin (GRM) rose to $12.2 per barrel from $3.
• BPCL's GRM increased to $13.3 from $5.6.
• HPCL's GRM grew to $8.9 from $6.
The improved margins reflect favorable market conditions and may enhance investor sentiment in the sector.
Not investment advice. For informational purposes only.