Gandhar Oil Refinery Q1 FY27: Record Profit, Revenue Surges 92% to ₹1,732 Crore
Gandhar Oil Refinery reported a record Q1 FY27 with profit after tax at ₹206 crore, up 688% YoY. Consolidated revenue surged 92% to ₹1,731.9 crore, driven by 8% volume growth and a 54% jump in exports. EBITDA margins expanded to 16.20% from 5.1%. The company declared a 100% interim dividend.
The record financial results, substantial year-on-year growth, and declaration of an interim dividend are material positive developments for the company and its shareholders.
The company reported record profits, significant revenue growth, and strong margin expansion, indicating a highly positive financial performance.
Gandhar Oil Refinery (India) Limited announced a record-breaking performance for the first quarter of fiscal year 2027 (Q1 FY27), concluding on June 30, 2026. The company reported its highest quarterly profit and a significant year-on-year revenue growth of 92%, reaching ₹1,731.9 crore.
The earnings call transcript, dated July 23, 2026, and the subsequent regulatory filing on July 28, 2026, detailed the strong financial results. Consolidated revenue for the quarter stood at ₹1,732 crore, a substantial increase from ₹903 crore in Q1 FY26 and ₹1,093 crore in Q4 FY26. Total sales volume grew by approximately 8% year-on-year to 131,000 kilolitres.
EBITDA surged by 512% year-on-year to ₹281 crore, with EBITDA margins expanding to 16.20% from 5.1% in the prior year's quarter. Profit after tax reached ₹206 crore, an increase of 688% year-on-year, surpassing the profit generated in the entire FY26. Gross margin spreads improved significantly to approximately ₹28,145 per kilolitre from ₹8,274 per kilolitre in Q1 FY26, attributed to favourable market conditions, disciplined sourcing, and effective inventory management.
The company highlighted robust performance across its segments. The PHPO (Personal Care, Healthcare, Performance Oil) segment grew by 18% year-on-year, while the PIO (Process and Insulating Oil) business saw a 28% increase. Exports also demonstrated strong momentum, growing by 54% year-on-year and contributing 51% of the consolidated revenue, up from 37% in the corresponding quarter last year.
Management expressed confidence in sustaining these strong margins and revenue growth for the upcoming quarters, driven by agile sourcing, a diversified portfolio, and a focus on value-added products. The company also declared an interim dividend of 100% of the face value of its shares.
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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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See the model portfoliosA plain-language summary of a public exchange filing by Gandhar Oil Refinery (India) Limited. Read the original for the full detail.