Indian Oil posts ₹1,141 crore Q1 loss as fuel marketing margins collapse
Indian Oil’s consolidated Q1 result swung to a ₹1,141.09 crore loss from a ₹6,808.12 crore profit a year earlier, despite 27% revenue growth to ₹2.82 lakh crore. A ₹1,705 crore petroleum-products loss and suppressed marketing margins offset stronger refining performance.
Indian Oil posted a ₹1,141 crore Q1 consolidated loss as suppressed fuel marketing margins outweighed stronger refining margins. Domestic fuel sales increased, while government LPG under-recovery compensation partially reduced the company’s negative LPG buffer.
Why this matters
The Q1 loss follows Indian Oil’s $500m RBI forex-swap fundraising and comes as E20 rollout warnings flagged 2–6% mileage cuts in older vehicles, adding financing and consumer-fuel context.
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