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IOC posts Rs 2,661 crore loss in Q1 despite 26% revenue surge

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  1. Indian Oil Corporation reported a standalone net loss of Rs 2,661 crore for Q1 FY27, down from a profit of Rs 5,689 crore in the year-ago quarter.

  2. The loss is attributed to rising crude oil prices due to the West Asia conflict.

  3. Revenue grew 26% year-on-year to Rs 2,75,972 crore.

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IOC posts Rs 2,661 crore loss in Q1 despite 26% revenue surge · in5points