IOCL posts consolidated net loss of Rs 1,141 crore in Q1FY27 on lower marketing margins

Indian Oil Corporation Ltd (IOCL) reported a consolidated net loss of Rs 1,141 crore in Q1FY27.

The loss was attributed to lower marketing margins.

Oil marketing companies (OMCs) suffered huge losses in April-May due to elevated benchmark prices, premiums, logistic costs, and a weak rupee.

The losses were exacerbated by delayed retail price increases amid the West Asia conflict.