Mumbai, April 30 -- The fall in profit was primarily due to weaker gross refining margins (GRMs) and under-recoveries on the sale of LPG.

Net sales (excluding excise duty) declined 4.59% year on year (YoY) to Rs 1,11,178.96 crore in the March 2025 quarter.

The company reported profit before exceptional items and tax of Rs 6,036.44 crore in Q4 FY25, compared to Rs 7,441.38 crore recorded in the same period a year ago. The firm reported exceptional items of Rs 1,773.93 crore during the quarter.

Total expenses decreased by 2.79% YoY to Rs 121,621.48 crore in Q4 FY25. The cost of materials consumed was Rs 58045.06 crore (up 2.64% YoY), while employee benefits expenses stood at Rs 736.46 crore (down 13.26% YoY) during the period under revie...