GANDHAR NSE filing

Gandhar Oil Q4 FY26 Revenue at ₹1,093 Crore, Up 14%; PAT at ₹37 Crore

The RealCase readHigh impact Positive

Gandhar Oil Refinery reported Q4 FY26 consolidated revenue of ₹1,093 crore, up 14% YoY. Full-year FY26 revenue was ₹4,241 crore, up 10% YoY. Q4 FY26 PAT stood at ₹37 crore, with full-year PAT at ₹137 crore. Operating cash flow improved to ₹127.77 crore. The company is focused on expanding its global footprint and PHPO segment.

Why it matters

The announcement details significant financial performance improvements, including revenue and profit growth, enhanced cash flow, and improved return ratios, which are material to investors.

The market read

The company reported strong year-on-year growth in revenue and profit for Q4 and the full fiscal year FY26. Key financial metrics and operational efficiency have improved, indicating positive business performance.

Gandhar Oil Refinery (India) Limited announced its financial results for the quarter and year ended March 31, 2026 (Q4 FY26).

Consolidated revenue for Q4 FY26 stood at ₹1,093 crore, marking a significant year-on-year growth of 14%. For the full fiscal year FY26, consolidated revenue reached approximately ₹4,241 crore, an increase of nearly 10% over FY25. This performance was achieved amidst input cost volatility and logistical challenges, underscoring the resilience of demand and operational execution.

Profit after tax (PAT) for Q4 FY26 was ₹37 crore, a substantial improvement from ₹12 crore in Q4 FY25. For the full year FY26, PAT was ₹137 crore, showing a strong increase compared to the previous year. Key return metrics also saw improvement, with Earnings Per Share (EPS) at ₹13.8 (FY26) compared to ₹8.18 (FY25), Return on Equity (ROE) at 10.21% versus 6.65%, and Return on Capital Employed (ROCE) at 13.5% compared to 10.8% in the prior year.

EBITDA for Q4 FY26 was ₹64 crore, reflecting an improvement sequentially and year-on-year. For the full year FY26, EBITDA stood at ₹234 crore. Gross margins improved to 11.48% on a consolidated basis for FY26, with Q4 FY26 at 12.49%. Manufacturing volumes for FY26 grew by 8% year-on-year to 5,54,212 kL.

Cash flow from operations showed a marked improvement, standing at ₹127.77 crore as of March 31, 2026, compared to ₹14.71 crore in the previous year, attributed to stronger operating efficiency and working capital management. The company's international business contributed approximately 42.8% of consolidated revenues.

Management highlighted the resilience of the white oil and PHPO (Personal Care, Health Care, Performance Oil) product categories, noting steady structural growth in the global white oil market. They also addressed geopolitical developments, particularly tensions in the Middle East and their impact on supply chains and pricing, stating that the company is navigating these challenges through diversified sourcing and optimized inventory management.

The company is focused on expanding its global footprint, strengthening its presence in regions like Asia Pacific and Africa, and continuing to grow its PHPO segment. Plans for capacity expansion at the Taloja plant are underway, and the company is evaluating opportunities in South Africa.

Filing to action

What to do with a filing like this

Gandhar Oil Refinery (India) Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.

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Primary source

A plain-language summary of a public exchange filing by Gandhar Oil Refinery (India) Limited. Read the original for the full detail.

View original filing