GP Petroleums Limited has informed the Exchange regarding Outcome of Board Meeting held on May 27, 2026.
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GP Petroleums Limited reported FY2026 audited standalone and consolidated results with revenue from operations of Rs 64,261.09 lakhs, up 5.4% from Rs 60,984.41 lakhs in FY2025. Profit after tax stood at Rs 2,647.49 lakhs, marginally higher than Rs 2,632 lakhs in the previous year. The auditors issued an unmodified opinion confirming clean financial statements. Exceptional items of Rs 326.33 lakhs were recognized due to incremental employee liabilities under new Labour Codes. The company has a new joint venture in bitumen trading that commenced operations during the year. Key management changes include appointment of a new VP-Operations, elevation of a senior advisor to director, appointment of an independent director, and resignation of Mrs. Deepa Goel. The board also approved acquisition of adjoining land at Raliawas, Haryana from a related party.
Revenue grew modestly by 5.4% while PAT remained essentially flat year-on-year, with EBITDA margins compressing due to higher material costs. The exceptional item related to Labour Code changes and related party land acquisition are notable governance items. Management changes and auditor reappointments suggest continuity.