GANDHAR NSE filing

Gandhar Oil Refinery Q2 FY27 Revenue Soars 73% YoY to ₹1,847 Cr, PAT Jumps 368%

The RealCase readHigh impact Positive

Gandhar Oil Refinery reported record Q2 FY27 revenue of ₹1,847 crore, up 73% YoY. PAT surged 368% to ₹186 crore. H1 FY27 revenue grew 82% to ₹3,579 crore, with PAT at ₹392 crore. The company highlighted sustained margins and operational resilience.

Why it matters

The announcement details record financial performance, including substantial revenue and profit growth, which is a material event for investors and significantly impacts the company's valuation and market perception.

The market read

The company reported record-breaking revenue and significant year-on-year growth in profits and margins, indicating strong financial performance and operational efficiency.

Gandhar Oil Refinery (India) Limited announced its financial results for the quarter and half-year ended September 30, 2026. The company achieved its highest-ever quarterly revenue of ₹1,847 crore, marking a significant 73% increase year-on-year. Gross profit for the quarter stood at ₹388 crore, up 197% YoY, with a gross margin of 21.0%. EBITDA surged by 337% YoY to ₹288 crore, and Profit After Tax (PAT) grew by an impressive 368% YoY to ₹186 crore.

For the first half of FY27, revenue increased by 82% YoY to ₹3,579 crore. Gross profit rose by 227% YoY to ₹758 crore, while EBITDA and PAT saw substantial growth of 408% and 495% respectively, reaching ₹569 crore and ₹392 crore.

The company highlighted that its performance was sustained by agility in sourcing, disciplined procurement, prudent inventory management, and a focus on product mix and customer relationships. Despite operational challenges due to geopolitical developments impacting base oil availability, Gandhar Oil maintained supply continuity through its diversified supplier base and responsive supply chain management. The company also completed a debottlenecking program, strengthening its operating capacity.

Gandhar Oil Refinery was recognized as the #1 white oil player in India and among the Top 5 globally. The company serves over 4,000 customers in more than 100 countries, with a diversified portfolio including PHPO, Lubricants, and PIO products. The company's integrated business risk framework, robust financial position, and focus on capacity expansion and value chain progression position it for future growth.

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