IOC Reports Record Profit Amid Global Energy Chaos

Indian Oil Corporation Ltd (IOC) has announced a notable 56% rise in its net profit for the March quarter, soaring to Rs 11,377.51 crore compared to last year, thanks to resilient marketing and refining margins.

Remarkably, the company achieved this while enduring March losses selling petrol, diesel, and LPG below cost to shield domestic markets from international volatility caused by West Asia tensions.

Despite the turmoil, IOC's fiscal year 2025-26 saw record profits and operational highs in refining and marketing sectors, signalling a strong start to the subsequent quarter amidst ongoing geopolitical disruptions.

(With inputs from agencies.)