GP Petroleums Q2 FY27 results: net profit ₹14.65 crore

How did GP Petroleums perform in Q2 FY27?

On a consolidated basis, GP Petroleums reported revenue of ₹340.75 crore in Q2 FY27, up 47.9% from ₹230.33 crore in Q1 FY27. EBITDA fell 25.9% to ₹21.04 crore and the EBITDA margin declined from 12.3% to 6.2%. Profit before tax fell 28.2% to ₹20.28 crore, while profit after tax declined 28.8% to ₹14.65 crore.

Basic EPS was ₹2.87 in Q2 FY27, down 29.0% from ₹4.04 in Q1 FY27. Cost of materials increased 27.1% to ₹183.42 crore, finance costs rose 76.1% to ₹1.18 crore, and total expenses increased 58.2% to ₹321.78 crore. There was no exceptional item.

On the standalone basis, revenue was ₹340.75 crore and profit after tax was ₹15.27 crore, compared with ₹5.47 crore in the year-ago quarter. The company’s presentation separately reported standalone Q2 FY26 revenue of ₹152.35 crore, EBITDA of ₹8.20 crore, and profit after tax of ₹5.47 crore.

What do the balance sheet and cash flow show?

Total assets increased to ₹512.35 crore at 30 September 2026 from ₹429.97 crore at 31 March 2026, while total equity rose to ₹387.78 crore from ₹355.01 crore. Borrowings increased to ₹39.93 crore from ₹19.9 crore, and cash fell to ₹0.06 crore from ₹2.51 crore.

Inventories declined to ₹77.97 crore from ₹89.53 crore, while trade receivables increased to ₹223.26 crore from ₹144.67 crore. Trade payables rose to ₹40.7 crore from ₹28.22 crore. For H1 FY27, operating cash flow was negative ₹5.29 crore, investing cash flow was negative ₹12.26 crore, financing cash flow was ₹15.1 crore, and capital expenditure was ₹28.19 crore.

Which businesses drove the quarter?

Manufacturing reported revenue of ₹220.83 crore and EBIT of ₹16.62 crore, with an EBIT margin of 7.5%. Trading reported revenue of ₹119.92 crore and EBIT of ₹4.42 crore, with an EBIT margin of 3.7%. The available filing does not provide the year-ago segment revenue or EBIT needed for a growth comparison.

The Unallocated segment reported EBIT of ₹1.31 crore and no segment revenue. Management said trading increased to 35% of Q2 revenue from 21% in Q1 FY27, while the segment disclosure shows manufacturing and trading as the reported operating businesses.

What else did the company announce?

The Board approved unaudited standalone and consolidated financial statements for the quarter and half year ended 30 September 2026, along with a limited review report. Arjun Verma was elevated from Whole Time Director to Managing Director with effect from 27 October 2026, and his terms of appointment and remuneration were revised.

Ayush Goel was redesignated from Chairman and Managing Director to Executive Chairman and Whole Time Director, while Dilip Vaswani was appointed Co-Chairman. Jogesh Sharma was elevated to Chief Operating Officer–Lubricants and Sunil Kumar Shetty to Chief Human Resource Officer. The presentation also stated that a final dividend of ₹0.50 per share, equal to 10% on the face value of ₹5, was paid for FY26.

What did GP Petroleums' management say?

Arjun Verma, Managing Director, said the first half delivered growth in revenue and profitability, while the higher scale of operations had sharpened the company’s focus on collections, working capital and execution. He said the priorities were to strengthen higher-value manufactured products, improve distribution productivity and build a more efficient supply chain.

Management said Q2 EBITDA pressure was largely driven by higher growth in raw-material costs and an inventory drawdown compared with stock accumulation in Q1 FY27. The revenue mix shifted towards trading, which accounted for 35% of Q2 revenue against 21% in Q1 FY27. No numerical earnings or margin guidance was provided.

Management said the Board-approved capital-raising and Pipavav terminal proposals were intended to support the company’s strategy, subject to necessary approvals and completion conditions. The presentation also identified performance of the lubricants industry, crude oil and base-oil prices, competition, strategy execution and the completion and integration of proposed transactions among its disclosed risks.

How did GP Petroleums shares react?

From the price when the filing appeared, GP Petroleums was down 2.1% after 5 minutes and 15 minutes, then up 0.6% after 30 minutes. The reaction-day close was 5.0% above the previous close of ₹65.02, while the base price when the filing appeared was ₹67.80.

By the next day’s close, the stock was up 3.8% from its pre-results close, and by the fifth session’s close it was up 0.4%. The Nifty Microcap 250 rose 1.7% on the reaction day and 1.8% by the next day’s close. An industry median was not available for comparison.

Earlier reaction-day moves were mixed: 5.0% on 24 July 2026, negative 1.7% on 27 May 2026, negative 8.3% on 14 February 2026, 2.9% on 12 August 2025, 10.4% on 28 May 2025, 2.9% on 18 January 2025, 0.9% on 6 November 2024 and negative 5.6% on 13 August 2024.