Indian Oil posts Rs 2,661 crore Q1 loss as EBITDA margin falls to 0.7%
Indian Oil Corporation reported a Q1 consolidated net loss of Rs 2,661 crore, versus a Rs 11,378 crore profit in the preceding quarter. Revenue rose 26.2% sequentially to Rs 2.62 lakh crore, but EBITDA fell 90.6% to Rs 1,947 crore as refining and marketing margins compressed.
Indian Oil reported a Q1 consolidated loss of Rs 2,661 crore, far narrower than expected, as revenue rose 26.2% sequentially to Rs 2.62 lakh crore. EBITDA remained positive at Rs 1,947 crore, though refining and marketing margins contracted sharply.
Why this matters
The loss follows IOC's recent signal on refining-margin collapse and comes as it seeks LPG-carrier stakes ahead of higher US imports from 2027. E20 policy debates also remain part of IOC's fuel-market backdrop.
Retail-company signals are accelerating, up 217350% QoQ.