Gandhar Oil Refinery (India) Limited has submitted to the Exchange, Outcome of Board Meeting held on May 26, 2026 for approval of Financial results for the quarter and year ended March 31, 2026 and other matters
GANDHAR · price
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Gandhar Oil Refinery reported standalone revenue of Rs 3,422.56 crore for FY26, up 8.3% from Rs 3,160.26 crore in FY25. Standalone profit after tax jumped 83.8% to Rs 138.39 crore from Rs 75.30 crore, with EPS at Rs 14.14 vs Rs 7.69. Consolidated revenue grew 8.8% to Rs 4,241.18 crore with PAT of Rs 137.25 crore (up 64.3%). The Board re-appointed Samir Parekh and Aslesh Parekh as Joint-Managing Directors for 5 years and appointed new independent and whole-time directors. The company also approved incorporation of a Wholly-Owned Subsidiary in South Africa and purchase of land (21,551 sq.mtrs) at Panvel, Raigad. The auditors issued an unmodified (clean) opinion with no going concern issues. Committee reconstitution was done following Mrs. Deena Mehta's resignation.
Strong profit growth of 84% standalone demonstrates operational efficiency improvement. The clean audit and robust cash generation from operations (Rs 113.86 crore) are positive signals. The expansion into South Africa and new land acquisition indicate growth-focused capital allocation. The company remains a single-segment petroleum products/specialty oils business with a diversified subsidiary structure.