Archive · 2 Aug 2026
Indian Oil Reports Q1 Loss Amid West Asia Oil Surge
Indian Oil is a big oil company in India.
In the first three months of its 2026‑27 year, it lost money, about ₹2,661 crore, instead of making a profit like before.
The loss happened because oil prices went up because of fighting in West Asia, and the company didn’t raise prices for its customers.
Even though it lost money, its total sales grew 26% to almost ₹2,76,000 crore.
The company also processed more oil than ever before and sold more petrol and diesel.
It made a small profit from chemicals and launched new fancy lubricants for cars and trucks.
Indian Oil posted a ₹2,661 crore net loss in Q1 FY27, reversing a ₹5,689 crore profit the previous year.
The loss was driven by higher crude oil prices linked to the West Asia conflict, costs not passed to consumers.
Revenue rose 26% to ₹2,75,972 crore, while refinery throughput hit a record 19.165 MMT.
Cross‑country pipeline throughput increased 9% to 28.548 MMT, and domestic market share grew to 43.1%.
Petrochemicals earned ₹217 crore profit and the company launched new SERVO Hyper lubricants.
- Who
- Indian Oil Corporation Limited
- What
- Reported a Q1 net loss and detailed financial performance
- When
- First quarter of FY27 (April‑June 2026‑27)
- Where
- India
- Why
- Higher crude oil prices due to the West Asia conflict, costs not passed to consumers
- Net loss
- ₹2,661 crore
- Revenue
- ₹2,75,972 crore
- Refinery throughput
- 19.165 MMT
- Domestic market share
- 43.1%
- Petrochemicals profit
- ₹217 crore