GP Petroleums to acquire specialty bitumen plant for ₹14.75 Cr; Q3 FY26 results declared
GP Petroleums approved acquiring a specialty bitumen plant for ₹14.75 Cr from related party NHAPL. The company declared Unaudited Financial Results for Q3 FY26, with Revenue from Operations at ₹16,923.08 Lakhs and Profit After Tax at ₹523.52 Lakhs. For the nine months ended Dec 31, 2025, Revenue was ₹47,958.62 Lakhs and PAT was ₹1,714.76 Lakhs.
The acquisition of a manufacturing plant for ₹14.75 Crores is a significant strategic move that could impact the company's future growth and market position in the specialty bitumen segment. The financial results also indicate operational performance.
The company is acquiring a manufacturing plant to expand its business in a niche segment and has reported its financial results, which show growth in revenue and profit compared to the previous year's nine-month period.
GP Petroleums Limited announced the outcome of its Board Meeting held on February 14, 2026. The Board approved the Unaudited Financial Results for the Quarter and Nine Months ended December 31, 2025, along with the Limited Review Report. The financial results will be uploaded on the company's website and published in newspapers.
Additionally, the Board approved the proposal to acquire the specialty bitumen manufacturing plant located at GIDC Road, Manjusar, Savli, Vadodara, Gujarat, from New Horizons Asphalt Private Limited (NHAPL), a related party. The acquisition will be on a standalone basis for a consideration not exceeding ₹14.75 Crores. This strategic move aims to strengthen the company's market presence in the specialty bitumen segment and aligns with its expansion plans. The transaction is considered a Related Party Transaction and is proposed to be undertaken on an arm's length basis, with the consideration determined based on an independent valuation report.
The company also reported its financial performance for the quarter and nine months ended December 31, 2025. For the quarter, Revenue from Operations stood at ₹16,923.08 Lakhs, and Profit After Tax was ₹523.52 Lakhs. For the nine months ended December 31, 2025, Revenue from Operations was ₹47,958.62 Lakhs, with a Profit After Tax of ₹1,714.76 Lakhs.
An exceptional item of ₹194.82 Lakhs was recognized, related to an incremental liability due to new Labour Codes concerning gratuity and leave encashment. The company also informed about entering a Joint Venture Agreement on May 06, 2025, with West Coast Oils LLP to establish Amron Oil Resources Private Limited for manufacturing and trading specialty bitumen products.
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GP Petroleums Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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