- Indian Oil Corporation reported a Q1 net loss of Rs 2,661 crore, below estimates
- Revenue rose 26.2% sequentially to Rs 2.62 lakh crore, beating analyst forecasts
- Ebitda was Rs 1,947 crore, a sharp 90.6% decline but better than expected losses
Indian Oil Corporation (IOC) reported a consolidated net loss for the first quarter, but the performance was significantly better than the Street's worst-case expectations, aided by stronger-than-expected revenue and a positive operating profit.
The state-run oil marketing company posted a net loss of Rs 2,661 crore for the quarter, compared with Bloomberg estimates of a loss of Rs 20,295 crore. The company had reported a profit of Rs 11,378 crore in the preceding quarter.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
Revenue from operations rose 26.2% sequentially to Rs 2.62 lakh crore, comfortably beating analysts' estimate of Rs 2.36 lakh crore. Revenue stood at Rs 2.08 lakh crore in the March quarter.
IOC reported an Ebitda of Rs 1,947 crore during the quarter, significantly outperforming expectations of an Ebitda loss of Rs 14,473 crore. However, operating profit declined sharply from Rs 20,716 crore reported in the previous quarter.
IOC Q1 Result Highlights (Cons, QoQ)
- Net Loss at Rs 2,661 crore versus profit of Rs 11,378 crore.
- Revenue up 26.2% at Rs 2,62,000 crore versus Rs 2,08,000 crore.
- Ebitda down 90.6% at Rs 1,947 crore versus Rs 20,716 crore.
- Margin at 0.7% versus 10%.
Ebitda fell 90.6% sequentially, while the Ebitda margin contracted to just 0.7% from 10% in the preceding quarter, reflecting significant pressure on refining and marketing profitability.
Despite the steep decline in earnings compared with the previous quarter, the results were considerably better than feared by the market, particularly at the operating level. The company remained Ebitda positive against expectations of a substantial operating loss, while the reported net loss was far lower than consensus estimates.
IOC Share Price Today
The shares of Indian Oil Corp. closed 0.16% higher at Rs 140.17 per share. The shares rose 1.10% in one week and 0.44% in one month. However, year-to-date shares fell 15.61% and they were down 3.87% in one year.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.