Robust Margins Fuel Indian Oil Corporation's Stellar Q1 Performance

State-run Indian Oil Corporation Ltd has announced a remarkable standalone profit of ₹5,689 crore in the first quarter, a significant leap from the ₹2,643 crore recorded in the same period last year. This impressive growth is attributed to the company's robust margins, showcasing its strong market position and operational efficiency.

Navigating Through Inventory Challenges

Despite facing an inventory loss of ₹6,465 crore, compared to a gain of ₹3,345 crore in the previous corresponding period, Indian Oil Corporation has demonstrated resilience and strategic prowess in maintaining its profitability trajectory.