The company's board recently approved the financial results for the quarter ended June 30, 2026, reporting a standalone net loss of ₹11,526.41 Crore and a consolidated net loss of ₹12,264.67 Crore.

This significant decline was primarily due to suppressed marketing margins on certain petroleum products, despite a strong Gross Refining Margin of US $23.80 per BBL.

The company recognized ₹1,980 Crore in LPG compensation, but the cumulative unrecognised negative buffer stands at ₹16,405.92 Crore.

The debt-to-equity ratio rose to 1.43 (consolidated). Additionally, the company noted it lacks the required number of independent directors on its board.