Mumbai, July 23 -- Revenue from operations (excluding excise duty) rose 62.74% year on year (YoY) to Rs 27,369.27 crore in Q1 FY27.

The company's standalone net profit stood at Rs 1,016.67 crore in Q1 FY27, compared with a net loss of Rs 56.62 crore in Q1 FY26. Revenue from operations (excluding excise duty) increased 84.78% year on year (YoY) to Rs 27,369.27 crore in the quarter ended 30 June 2026.

Total expenses rose 49.21% YoY to Rs 28,010.89 crore in Q1 FY27.

The company reported a profit before tax (PBT) of Rs 1,365.56 crore in Q1 FY27, compared with a pre-tax loss of Rs 80.10 crore in Q1 FY26.

The average gross refining margin (GRM) for the quarter improved to US$ 8.78 per barrel from US$ 3.22 per barrel in the corresponding qua...