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Gandhar Oil Refinery (India) Ltd on Friday (January 23) reported a 67.9% year-on-year increase in net profit for the third quarter, rising to ₹32.4 crore from ₹19.3 crore in the year-ago period.
Revenue from operations for Q3 FY26 stood at ₹1,167 crore, up from ₹1,005.3 crore in the corresponding quarter last year and higher than ₹1,059.9 crore reported in Q2 FY26. EBITDA grew 39.3% year-on-year to ₹59 crore, compared with ₹42.3 crore a year ago, while EBITDA margin improved to 5% from 4.2% in Q3 FY25.
Gandhar Oil Refinery reported that its consolidated manufacturing sales volumes for the nine months ended December 31, 2025 (9MFY26) stood at 4,09,974 KL, up 10% from 3,72,505 KL in 9MFY25.
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Consolidated revenues for 9MFY26 were ₹3,129.9 crore, compared with ₹2,935.2 crore in the same period last year. EBITDA for 9MFY26 rose to ₹170.9 crore from ₹142.1 crore in 9MFY25, while profit after tax (PAT) increased to ₹100.2 crore from ₹71.2 crore a year earlier.
For 9MFY26, the company’s revenue breakdown shows PHPO leading with 50%, followed by Lubricants at 26.8%, Channel Partners at 13.7%, and PIO contributing 9.5% of consolidated revenue.
Aslesh Parekh, Joint Managing Director, said, "We delivered a strong performance in Q3 FY26, supported by sustained domestic demand and our strategic focus on high-margin PHPO products. Despite global macroeconomic headwinds and logistical disruptions, we recorded sequential growth across all major financial indicators."
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PHPO remained the leading contributor, accounting for 50% of total revenue, driven by strong traction in personal care and healthcare applications. Looking ahead, we remain optimistic about domestic demand and expect steady improvement in international logistics, further strengthening our confidence."
Shares of Gandhar Oil Refinery (India) Ltd ended at ₹163.15, up by ₹4.00, or 2.51%, on the BSE.
Revenue from operations for Q3 FY26 stood at ₹1,167 crore, up from ₹1,005.3 crore in the corresponding quarter last year and higher than ₹1,059.9 crore reported in Q2 FY26. EBITDA grew 39.3% year-on-year to ₹59 crore, compared with ₹42.3 crore a year ago, while EBITDA margin improved to 5% from 4.2% in Q3 FY25.
Gandhar Oil Refinery reported that its consolidated manufacturing sales volumes for the nine months ended December 31, 2025 (9MFY26) stood at 4,09,974 KL, up 10% from 3,72,505 KL in 9MFY25.
Also Read: Gandhar Oil Refinery's ₹500 crore IPO gets bids for ₹23,000 crore at the close of three-day issue
Consolidated revenues for 9MFY26 were ₹3,129.9 crore, compared with ₹2,935.2 crore in the same period last year. EBITDA for 9MFY26 rose to ₹170.9 crore from ₹142.1 crore in 9MFY25, while profit after tax (PAT) increased to ₹100.2 crore from ₹71.2 crore a year earlier.
For 9MFY26, the company’s revenue breakdown shows PHPO leading with 50%, followed by Lubricants at 26.8%, Channel Partners at 13.7%, and PIO contributing 9.5% of consolidated revenue.
Aslesh Parekh, Joint Managing Director, said, "We delivered a strong performance in Q3 FY26, supported by sustained domestic demand and our strategic focus on high-margin PHPO products. Despite global macroeconomic headwinds and logistical disruptions, we recorded sequential growth across all major financial indicators."
Also Read: Gandhar Oil IPO opens for subscription: Should you apply?
PHPO remained the leading contributor, accounting for 50% of total revenue, driven by strong traction in personal care and healthcare applications. Looking ahead, we remain optimistic about domestic demand and expect steady improvement in international logistics, further strengthening our confidence."
Shares of Gandhar Oil Refinery (India) Ltd ended at ₹163.15, up by ₹4.00, or 2.51%, on the BSE.
