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Indian Oil Q1 Results 2026: Revenue at ₹2.76 Lakh Crore

Posted on by Naveen Kumar
Indian Oil Q1 Results 2026
31
Jul

Indian Oil Corporation Limited (IOC) has announced its unaudited financial results for the quarter ended 30 June 2026, following the approval of its Board of Directors on 31 July 2026. The company reported strong revenue growth compared to the same quarter last year, although it posted a net loss during the quarter.

Revenue Crosses ₹2.75 Lakh Crore

During the first quarter of FY2026-27, IOC reported:

  • Revenue from Operations: ₹2,75,971.77 crore
  • Total Income: ₹2,76,356.92 crore
  • Profit Before Tax: Loss of ₹3,274.30 crore
  • Net Loss: ₹2,662.37 crore
  • Earnings Per Share (EPS): -₹1.93 per share

Although revenue increased significantly from the previous year’s corresponding quarter, profitability declined due to higher operating expenses and other financial factors disclosed in the financial statements.

Physical Performance Remained Strong

Indian Oil continued to maintain healthy operational performance during the quarter.

Key operational figures include:

  • Domestic Product Sales: 25.252 MMT
  • Export Sales: 0.959 MMT
  • Refinery Throughput: 19.165 MMT
  • Pipeline Throughput: 28.548 MMT

These numbers indicate that operational activities remained stable despite the weak financial outcome.

LPG Compensation Impact

The company stated that it recognized ₹3,621.51 crore as revenue during the quarter related to government-approved compensation for domestic LPG under-recoveries. This amount reduced the cumulative negative LPG buffer maintained by the company.

Financial Highlights

Some important standalone financial ratios reported by IOC include:

  • Debt-Equity Ratio: 0.71
  • Current Ratio: 0.72
  • Operating Margin: -0.74%
  • Net Profit Margin: -0.96%

These indicators reflect pressure on profitability despite healthy revenue generation.

Board Meeting Details

The Board of Directors approved the quarterly financial results during its meeting held on 31 July 2026, which commenced at 3:00 PM and concluded at 5:40 PM. The financial statements were also accompanied by the statutory auditors’ limited review report.

Additional Regulatory Disclosures

IOC also confirmed:

  • No deviation in the utilization of proceeds from its listed non-convertible debentures.
  • No outstanding default on loans or debt securities.
  • A Nil Security Cover report for unsecured debentures, as required under SEBI regulations.

Conclusion

Indian Oil Corporation delivered strong revenue growth in the first quarter of FY2026-27 but reported a net loss due to increased expenses and other financial factors. Operational performance remained robust, while government LPG compensation provided some support to revenue. Investors will closely watch the company’s performance in the coming quarters to assess whether profitability improves as market conditions evolve.

Naveen Kumar