Gandhar Oil Refinery Reports Highest-Ever Quarterly Net Profit, Sees Revenue Surge 92% in Q1 FY27
Mumbai: Gandhar Oil Refinery (India) Ltd announced its unaudited financial results for the quarter ending June 30, 2026, reporting a record quarterly net profit exceeding ₹ 200 crore. The company noted that this strong performance was achieved despite operating within a dynamic and challenging external environment.The consolidated revenue increased by 92% year-on-year, reaching ₹ 1,732 crore. Furthermore, the Gross Margin Spread expanded 3.4 times compared to Q1 FY26, standing at ₹ 28,145 per kiloliter (kl).
In terms of operational performance, overall volumes improved by 8% year-on-year. The company also declared an Interim Dividend equivalent to 100% of Face Value.
Manufacturing Volume Performance
The company provided the following details on its manufacturing sales volumes across key product segments for Q1 FY27 compared to the previous period:| Particulars (kl) | Q1 FY27 | Q1 FY26 |
|---|---|---|
| PHPO | 68,815 | 58,379 |
| Lubricants | 30,073 | 30,482 |
| PIO | 17,998 | 14,085 |
| Channel Partners | 14,360 | 18,787 |
| Total Manufacturing Volumes | 1,31,247 | 1,21,733 |
Management Commentary and Business Outlook
Commenting on the results, Mr. Aslesh Parekh, Joint Managing Director of Gandhar Oil Refinery (India) Ltd, stated that the company was pleased with its strongest quarter in history, driven by robust gross margin spreads and healthy revenue growth.Mr. Parekh noted that the operating environment included volatility in crude oil prices and geopolitical developments in West Asia. The company attributed its strong financial performance to agile sourcing, prudent inventory management, and a favorable product mix.
The PHPO segment was highlighted as an anchor for growth, benefiting from sustained demand across the healthcare, personal care, and pharmaceutical sectors. Additionally, the PIO business showed encouraging traction, reflecting good demand from transformer, power, and rubber manufacturers. While the Lubricants segment remained stable, it continues to contribute significantly to the diversified business mix.
Gandhar Oil Refinery (India) Ltd maintains a focus on operational excellence, efficient procurement practices, and cost optimization initiatives. The company remains confident in its ability to sustain profitable growth by maintaining a customer-centric approach and focusing on value-added offerings.
Company Overview
Gandhar Oil Refinery (India) Limited is a specialty oil manufacturer and a leading producer of white oils by revenue, with a growing focus on consumer and healthcare end-industries. The company possesses a diversified customer base and produces a wide range of specialty oils and lubricants, including white oils, waxes, jellies, automotive oils, industrial oils, transformer oils, and rubber processing oils. These products are sold under the flagship brand 'Divyol'.GANDHAR Stock Price Movement
Gandhar Oil Refinery (India) Ltd. experienced a strong finish on Wednesday, with its stock surging 4.02% to settle at ₹236.19. This performance saw the company achieve its 52-week high as it closed amidst significant activity, trading 6.97 million shares that day.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.