August 4, 2026: Indian Oil Corporation reported a standalone net loss of ₹26.6137 billion for the quarter ended June 30, 2026 (Q1FY27), reversing a net profit of ₹113.7751 billion in the preceding quarter. The sharp deterioration in profitability was driven by a collapse in operating margins, alongside a significant rise in debt levels to ₹1414.53 billion. Despite revenue growth, the company faced pressure from refining economics and inventory valuation adjustments.

Financial Performance Overview

The Maharatna oil marketing company recorded revenue from operations of ₹2759.7177 billion in Q1FY27, up from ₹2328.5533 billion in Q4FY26. However, EBITDA contribution declined sharply to ₹25.60 billion from ₹207 billion in the previous quarter, with EBITDA margin contracting to 0.93% from 8.90%. Profit before tax stood at a loss of ₹32.74 billion compared to a profit of ₹153.22 billion earlier. Interest expenditure decreased slightly to ₹16.10 billion from ₹18.49 billion, while interest income fell to ₹2.52 billion from ₹3.42 billion.

(Source: Scan X)