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The company had recorded a profit of ₹7,610 crore in the year-ago quarter though it slipped to a loss of ₹2,661 crore in the June quarter this fiscal as the Iran war lifted global crude oil prices. Revenue from operations rose 29% to ₹2,62,935 crore in the three months ended September. "The current quarter's profitability was largely driven by temporary decline in crude oil prices from mid-June to mid-August and robust margin from petrochemical and gas," Indian Oil said in a statement. Benchmark Brent crude averaged $96.3 per barrel during July to September, about 40% higher than a year earlier but about 7% lower than in April-June. Pump prices, raised in the June quarter, remained unchanged in the September quarter despite a slight moderation in crude rates. Operating profit from the sale of petroleum products more than doubled to ₹24,935 crore from ₹11,268 crore. Operating profit from the gas business also rose sharply to ₹1,237 crore from ₹243 crore. Indian Oil also recognised ₹2,414 crore in government compensation during the quarter for LPG under-recoveries. Ahead of the earnings, Indian Oil shares closed nearly flat at ₹130 apiece on Friday. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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