GP Petroleums Limited Announces Board Outcomes Including Dividend Recommendation and Q1 Financial Results
GP Petroleums Limited reported its unaudited financial results for the quarter ended June 30, 2026. The Company also announced a recommendation for a final dividend and made several key appointments concerning its directorial and senior management personnel.The Board of Directors considered and approved the umaudited (standalone and consolidated) financial results along with the Limited Review Report issued by M/s J Mandal & Co. LLP, Statutory Auditors of the Company. The Board also recommended a final dividend of ₹0.50 per equity share, which amounts to 10% of the face value of ₹5/- each, for the financial year ended March 31, 2026.
The Board approved the convening of the 43rd Annual General Meeting (AGM) on Wednesday, August 26, 2026, through Video Conferencing or Other Audio-Visual Means. The Record Date for determining member entitlement to receive the final dividend was fixed as Wednesday, August 19, 2026.
Financial Performance Highlights
The Unaudited Standalone Financial Results for the quarter ended June 30, 2026, and the Unaudited Consolidated Financial Results demonstrated performance across key metrics.Standalone Financial Data (Amounts in INR Lakhs)
| Particular | Quarter Ended June 30, 2026 (Unaudited) | Quarter Ended March 31, 2026 (Audited) | Quarter Ended June 30, 2025 (Unaudited) | Year Ended March 31, 2026 (Audited) |
|---|---|---|---|---|
| Revenue From Operations | 23,033.16 | 16,266.49 | 15,829.73 | 64,261.09 |
| Other Income | 136.21 | 216.56 | 59.27 | 567.78 |
| Total Income | 23,169.37 | 16,483.05 | 15,889.00 | 64,828.87 |
| Cost of Materials Consumed | 14,426.61 | 11,682.01 | 10,042.36 | 43,771.76 |
| Purchases of Stock-in-Trade | 6,833.53 | 1,501.47 | 3,223.07 | 9,445.94 |
| (Increase)/Decrease in Inventories | (3,430.91) | 89.06 | 189.58 | 694.41 |
| Employee Benefit Expenses | 1,023.10 | 821.29 | 727.84 | 3,156.61 |
| Depreciation and Amortization Expense | 85.42 | 76.80 | 114.63 | 426.72 |
| Finance Costs | 67.19 | 35.91 | 46.79 | 179.42 |
| Other Expenses | 1,341.30 | 919.52 | 688.07 | 3,294.16 |
| Total Expenses | 20,346.24 | 15,126.06 | 15,032.34 | 60,969.02 |
| Profit Before Exceptional Items and Tax | 2,823.13 | 1,356.99 | 856.66 | 3,859.85 |
| Exceptional Items | - | 131.51 | - | 326.33 |
| Profit Before Tax | 2,823.13 | 1,225.48 | 856.66 | 3,533.52 |
| Tax Expense | 832.98 | 312.78 | 203.66 | 958.21 |
| Profit for the period From Continuing Operations, After Tax | 2,118.50 | 932.72 | 644.19 | 2,647.49 |
Key Appointments and Personnel Changes
The Board approved several appointments of directors and senior management personnel, effective from July 24, 2026:- Mr. Harshavardhan Sinha was appointed as an Additional Director in the category of Non-Executive, Non-Independent Director, liable to retire by rotation.
- Ms. Sandra Martyres was appointed as an Additional Director in the category of Non-Executive, Independent Director for a term of two consecutive years.
- Mr. Ajay Navaratne, Vice President - Rubber Process Oil, was appointed as Senior Management Personnel (SMP).
Annexure B provided profiles detailing Mr. Sinha and Ms. Martyres. Mr. Ajay Navratne is described as a seasoned techno-commercial professional with over 43 years of experience in the rubber, petrochemicals, and specialty oils industry.
Committee Reconstitutions
The Board also approved the reconstitution of several key committees:- Audit Committee: The committee consists of Mr. Rajesh Mittal (Chairman), Mr. Ayush Goel (Member), and Ms. Sandra Matyres (Member).
- Nomination and Remuneration Committee: This committee comprises Mr. Rajesh Mittal (Chairman), Mr. Sukumaran Jeyakrishnan (Member), and Mr. Dilip Vaswani (Member).
- Corporate Social Responsibility Committee: The members are Mr. Ayush Goel (Chairman), Ms. Sandra Matyres (Member), and Mr. Arjun Verma (Member).
- Risk Management Committee: The committee includes Mr. Sukumaran Jeyakrishnan (Chairman), Mr. Arjun Verma (Member), and Mr. Dilip U Vaswani (Member).
Consolidated Segment Performance
In addition to the standalone results, GP Petroleums Limited provided unaudited consolidated financial results for the quarter ended June 30, 2026. Key figures from the Consolidated Financial Results are presented below:| Particular | Qtr Ended June 30, 2026 (Unaudited) | Qtr Ended March 31, 2026 (Audited) | Qtr Ended June 30, 2025 (Unaudited) | Year Ended March 31, 2026 (Audited) |
|---|---|---|---|---|
| Total Income | 23,169.37 lakh | 16,483.05 lakh | 15,889.00 lakh | 64,828.87 lakh |
| Total Expenses | 20,346.24 lakh | 15,126.06 lakh | 15,032.34 lakh | 60,969.02 lakh |
| Profit Before Tax (Adjusted) | 2,762.96 lakh | 1,356.89 lakh | 856.66 lakh | 3,859.75 lakh |
The unaudited results also reflected the Company's share of a loss in its Joint Venture (Amron Oil Resources Private Limited) for the quarter, amounting to ₹60.17 lakh, including previously unrecognized losses pertaining to March 31, 2026.
GULFPETRO Stock Price Movement
GP Petroleums Limited shares surge to ₹43.28 as of 1:02 PM, rallying by 5.00% on brisk live trading. The stock has maintained its strong momentum, currently trading between a low of ₹39.25 and the day's high of ₹43.28 amid 237,517 shares traded so far.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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