Gandhar Oil Refinery (India) Limited Posts Exceptional Performance for Q1 FY27 as Net Profit Soars to ₹205.89 Crore

Gandhar Oil Refinery (India) Limited (CIN: L23200MH1992PLC068905), a leading manufacturer of white oils and specialty petroleum products, today announced its consolidated unaudited financial results for the first quarter ended June 30, 2026.

The company delivered a standout performance in Q1 FY27, recording significant growth in top-line revenue alongside an unprecedented expansion in net profitability, driven by robust volume demand and favorable product margins.

Executive Financial Highlights

Revenue from Operations: Quarterly revenue surged to ₹1,731.93 crore in Q1 FY27, registering an impressive 91.8% year-on-year (YoY) increase compared to ₹902.96 crore in Q1 FY26. On a sequential basis, operational revenue grew by 58.4% over ₹1,093.37 crore in Q4 FY26.

Total Income: Stood at ₹1,734.95 crore for the quarter under review, up 91.6% YoY from ₹905.65 crore in Q1 FY26 and up 58.1% quarter-on-quarter (QoQ) from ₹1,097.57 crore in Q4 FY26.

Profit Before Tax (PBT): Expanded dramatically to ₹263.76 crore in Q1 FY27, representing more than an eight-fold growth (729.9% YoY) over ₹31.78 crore in Q1 FY26 and a five-fold increase (402.6% QoQ) compared to ₹52.48 crore in Q4 FY26.

Net Profit (PAT): Consolidated net profit for the quarter rose nearly 7.9 times (689.2% YoY) to ₹205.89 crore, compared to ₹26.09 crore in Q1 FY26 and ₹37.05 crore in Q4 FY26.

Earnings Per Share (EPS): Basic and diluted EPS for the quarter skyrocketed to ₹19.65 per equity share (face value ₹2 each), up from ₹2.68 in Q1 FY26 and ₹4.16 in Q4 FY26.

Detailed Consolidated Income Statement Breakdown

1. Income Metrics

Revenue from Operations: ₹1,731.93 crore in Q1 FY27 vs. ₹1,093.37 crore in Q4 FY26 vs. ₹902.96 crore in Q1 FY26.

Other Income: Stood at ₹3.02 crore in Q1 FY27, compared to ₹4.20 crore in Q4 FY26 and ₹2.69 crore in Q1 FY26.

Total Income: Reached ₹1,734.95 crore in Q1 FY27 vs. ₹1,097.57 crore in Q4 FY26 vs. ₹905.65 crore in Q1 FY26.

2. Expense Breakdown

Total consolidated expenses for Q1 FY27 amounted to ₹1,471.19 crore, compared to ₹1,045.09 crore in the preceding quarter and ₹873.87 crore in the corresponding prior-year period:

Cost of Material Consumed: Increased to ₹1,381.81 crore, reflecting higher throughput and input volumes compared to ₹808.78 crore in Q1 FY26 and ₹920.13 crore in Q4 FY26.

Purchases of Stock-in-Trade: Stood at ₹0.67 crore in Q1 FY27 compared to ₹8.54 crore in Q4 FY26 and nil in Q1 FY26.

Changes in Inventories: Finished goods, stock-in-trade, and work-in-progress inventory changes reflected a credit/change of negative ₹(21.09) crore.

Employee Benefits Expense: Stood at ₹11.91 crore in Q1 FY27 compared to ₹11.51 crore in Q1 FY26 and ₹23.23 crore in Q4 FY26.

Finance Costs: Stood at ₹12.74 crore in Q1 FY27 vs. ₹9.61 crore in Q1 FY26 and ₹7.61 crore in Q4 FY26.

Depreciation and Amortization: Stood at ₹7.84 crore against ₹7.26 crore in Q1 FY26 and ₹7.66 crore in Q4 FY26.

Other Expenses: Totaled ₹77.31 crore compared to ₹43.76 crore in Q1 FY26 and ₹49.76 crore in Q4 FY26.

3. Tax Expense

Consolidated tax outlay for Q1 FY27 totaled ₹57.87 crore, consisting of:

Current Tax: ₹59.83 crore.

Short / Excess Provision of Earlier Years Taxes: Credit of negative ₹(1.76) crore.

Deferred Tax Asset / Credit: Credit of negative ₹(0.20) crore.

Comprehensive Income & Shareholder Allocations

1. Profit & Loss Attributability

Out of the total net profit of ₹205.89 crore for Q1 FY27:

Owners of the Company: Attributable net profit stood at ₹192.29 crore (up from ₹26.23 crore in Q1 FY26 and ₹40.68 crore in Q4 FY26).

Non-Controlling Interests: Attributable net profit stood at ₹13.60 crore (up from a loss of ₹0.14 crore in Q1 FY26).

2. Total Comprehensive Income (TCI)

Other Comprehensive Income (OCI): Total OCI (net of tax) reflected a negative ₹(0.60) crore, primarily impacted by foreign currency translation differences from foreign operations.

Total Comprehensive Income: Came in at ₹205.29 crore for Q1 FY27, compared to ₹25.51 crore in Q1 FY26 and ₹30.88 crore in Q4 FY26.

TCI Attributable to Owners: Stood at ₹191.88 crore for the quarter under review.

Equity & Capital Base

Paid-Up Equity Share Capital: Remained unchanged at ₹19.58 crore (comprising equity shares with a face value of ₹2/- each).

Other Equity: Stood at ₹1,332.80 crore as of March 31, 2026.

Shares of Gandhar Oil Refinery India Limited was last trading in BSE at Rs. 236.55 as compared to the previous close of Rs. 227.35. The total number of shares traded during the day was 389604 in over 9038 trades.

The stock hit an intraday high of Rs. 245.00 and intraday low of 228.65. The net turnover during the day was Rs. 92131545.00.

Source : Equity Bulls

Keywords

GandharOilRefineryIndia Lubricants INE717W01049 Q1FY27 Q1FY2027 ResultUpdate