Mumbai, Jan. 27 -- Revenue from operations fell 2.61% YoY to Rs 193,899.50 crore during the quarter as compared with Rs 199,103.97 crore in Q3 FY24.

Profit before exceptional items and tax (PBIT) fell 74.09% YoY to Rs 2,790.41 crore during the quarter. PBIT stood at Rs 679.67 crore, which includes favorable orders from the Hon'ble Supreme Court and the Gujarat VAT Tribunal regarding VAT Input Tax Credit under the Gujarat VAT Act 2005. Provisions created in earlier years in the books of the holding company were reversed, amounting to Rs 680 crore in Q3 FY25.

Domestic sales increased 6.22% to 24.780 million metric tons (MMT) and the export sales jumped 4.72% to 1.354 MMT in Q3 FY25 over Q3 FY24.

During the quarter, the refineries through...