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 strong FY2026 results with standalone PAT growing 84% to Rs 138.39 crore versus Rs 75.30 crore in FY2025. Standalone revenue increased 8.3% to Rs 3,422.56 crore. Consolidated PAT rose 64% to Rs 137.25 crore on consolidated revenue of Rs 4,241.18 crore. The auditor issued an unmodified (clean) opinion confirming no qualifications. The board also approved re-appointment of both Joint Managing Directors (Samir Parekh and Aslesh Parekh) for 5 years, appointed two new directors, approved incorporation of a new wholly-owned subsidiary in South Africa, and authorized purchase of land at Panvel (21,551 sq.mtrs) for expansion.
The company delivered robust profit growth exceeding 25% driven by improved margins and operational efficiency. The clean audit opinion and expansion plans (new subsidiary, land purchase) signal positive momentum. Shareholders can view this as a healthy set of results with no financial red flags.