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The Economic Times
The Economic Times
Business

IOC slips into loss in Q1 on holding fuel prices despite rise in cost

IOC Oil Indian Oil Corporation Petrol

State-owned Indian Oil Corporation (IOC) on Friday reported a lower-than-expected loss of Rs 2,661.37 crore in the June quarter as efficiency gains helped limit losses arising from holding fuel prices despite a rise in cost.

Standalone net loss was Rs 2,661.37 crore in April-June - the first quarter of current 2026-27 fiscal year - against a profit of Rs 5,688.60 crore a year back and earnings of Rs 11,377.51 crore in the preceding three months (January-March).

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