Gandhar Oil Refinery Q2FY27 Revenue Soars to ₹1,847 Crore, PAT at ₹392 Crore
Gandhar Oil Refinery reported its highest-ever quarterly revenue of ₹1,847 crore for Q2 FY27, up 73% YoY. PAT surged to ₹186 crore (up 386%) and EBITDA grew 368%. For H1 FY27, revenue reached ₹3,579 crore (up 82%), with PAT at ₹392 crore (up 490%) and EBITDA up 495%. CRISIL reaffirmed ratings and enhanced bank facilities to ₹1,014 crore.
The announcement details record financial performance with substantial growth in revenue and profits, alongside management's positive outlook and reaffirmation of credit ratings, indicating a strong positive impact on investor confidence and the company's financial standing.
The company has reported record-breaking revenue and significant year-on-year growth in profit after tax and EBITDA for both the quarter and half-year, along with positive management commentary and reaffirmed credit ratings.
Gandhar Oil Refinery (India) Ltd has announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company reported its highest-ever quarterly revenue of ₹1,847 crore for Q2 FY27, marking a significant 73% increase year-on-year.
Consolidated financial highlights for Q2 FY27 show a substantial growth in Profit After Tax (PAT) to ₹186 crore, a 386% jump compared to the same period last year. EBITDA also saw a significant rise of 368% to ₹40 crore. The company's Manufacturing Sales Volumes increased by 337% to 288,000 kl.
For the half-year ended September 30, 2026 (H1 FY27), Gandhar Oil Refinery achieved a revenue of ₹3,579 crore, an 82% increase over H1 FY26. PAT for the half-year stood at ₹392 crore, a remarkable 490% increase, with EBITDA growing by 495% to ₹66 crore. The total manufacturing sales volumes for H1 FY27 were 2,63,899 kl.
Mr. Aslesh Parekh, Joint Managing Director, commented on the results, highlighting the resilience of the operating model and the achievement of the highest-ever quarterly revenue. He noted that the first-half profit after tax was approximately ₹392 crore, nearly three times the profit for the whole of FY26. The performance was attributed to sourcing agility, disciplined procurement, prudent inventory management, and a continued focus on product mix and customer relationships. Despite operational challenges such as geopolitical developments impacting base oil availability and logistics, the company maintained supply continuity through its diversified supplier base and responsive supply chain management.
The company also reported sustained gross margin spreads at ₹29,128 per kl. CRISIL has reaffirmed Gandhar Oil Refinery's ratings at A+/Stable and A1, and enhanced its rated bank facilities to ₹1,014 crore, further strengthening its financial flexibility. Looking ahead, the company aims to build operational resilience, strengthen its market position, move towards higher-value opportunities, and deliver sustainable, profitable growth.
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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.