Gandhar Oil Refinery Announces Q1 Results, Declares Interim Dividend; Appoints New Independent Director
Gandhar Oil Refinery (India) Limited has released its Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The company also announced an interim dividend, scheduled its next Annual General Meeting, and appointed a new director as an Additional Non-Executive Independent Director.The Board of Directors approved these outcomes during a meeting held on July 22, 2026.
Financial Performance Snapshot
The results show the company's financial status across various periods. The standalone and consolidated figures are presented below in Crore.| Particulars | Qtr Ended June 30, 2026 (Standalone) | Qtr Ended June 30, 2026 (Consolidated) |
|---|---|---|
| Total Income | 1,594.47 | 1,734.95 |
| Total Expenses | 1,358.11 | 1,471.19 |
| Profit for the Period | 178.82 | 263.76 |
| Earnings Per Share (EPS) Basic | 18.27 Rs. | 19.65 Rs. |
The company also reported significant profitability in its consolidated operations, with a Profit/(Loss) for the period of 263.76 crore. On a standalone basis, the company posted a Profit for the Period totaling 178.82 crore.
Corporate Governance and Dividends
In a governance update, Gandhar Oil Refinery announced an Interim Dividend of Rs. 2 per Equity Share, which represents 100% of the face value of the equity share. The record date for determining members' entitlement to this interim dividend has been set as July 24, 2026.The Board meeting also addressed several important corporate actions:
- Director Appointment: Mr. Shyam Chandrabhan Agrawal was appointed as an Additional Non-Executive Independent Director of the company for a term of five consecutive years (up to July 21, 2031), filling the casual vacancy created by the resignation of Mrs. Deena Asit Mehta.
- Risk Management Committee: The Risk Management Committee has been reconstituted with Mr. Shyam Chandrabhan Agrawal appointed as Chairman. The revised composition includes Mr. Ramesh Babulal Parekh and Mr. Aslesh Parekh, both Executive Directors.
- Memorandum Alteration: The company approved the insertion of a new clause (Clause 75) into its Memorandum of Association. This allows the company to conduct business involving dealing, investing, trading, or transacting in various financial instruments such as stocks, derivatives, commodities, and currencies.
- Annual General Meeting (AGM): The 34th Annual General Meeting is scheduled for Friday, September 11, 2026, and will be held via Video Conferencing (VC) or other Audio Visual Means (OAVM). A Scrutinizer, CS Sandhya R. Malhotra from M/s. Manish Ghia & Associates, was also appointed to conduct E-voting at the AGM.
The company's unaudited financial results were reviewed by M/s. K J K & Associates, Chartered Accountants, and the consolidated results were reviewed by other independent auditors.
GANDHAR Stock Price Movement
On Wednesday, shares of Gandhar Oil Refinery (India) Limited rallied, closing at ₹236.19 after gaining 4.02%. The stock saw robust activity with a trade volume of 6.97 million shares and had previously touched its annual high near ₹245.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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