Gandhar Oil Refinery (India) Ltd reported an 84% rise in net profit for the financial year ended March 31, 2026, to ₹138.39 crore, compared to ₹75.30 crore in the previous year. Revenue from operations for the year increased by 8% to ₹3,422.56 crore from ₹3,160.26 crore in FY25. On a consolidated basis, net profit stood at ₹137.25 crore against ₹83.52 crore in the prior year, while total income from operations reached ₹4,241.18 crore. The Board of Directors approved the audited standalone and consolidated financial results at its meeting held on May 26, 2026.

Consolidated Financial Performance

The company delivered a strong full-year performance, with consolidated EBITDA rising to ₹234.5 crore from ₹175.6 crore in FY25. Consolidated manufacturing sales volumes for FY26 stood at 5,45,755 KL, up by 9% from 5,00,231 KL in the previous year. The PHPO segment led the revenue mix with a 48% contribution, followed by Lubricants at 27%, Channel Partners at 14.81%, and PIO at 10.19%. The statutory auditor, M/s. KJK & Associates, issued an unmodified opinion on the financial results.

Quarterly Performance

For the quarter ended March 31, 2026, the company recorded a consolidated net profit of ₹37.05 crore, a significant increase from ₹12.29 crore in the corresponding period of the previous year. Consolidated revenue for the quarter stood at ₹1,093.37 crore compared to ₹961.72 crore in the previous year. The company's Q4 EBITDA improved to ₹63.6 crore from ₹33.6 crore on a year-on-year basis, with the EBITDA margin expanding to 5.83% from 3.50% in the prior year.

Board Approvals and Appointments

The Board approved the re-appointment of Mr. Samir Parekh and Mr. Aslesh Parekh as Joint Managing Directors for a period of five years effective from October 01, 2026. Additionally, the Board appointed Mr. Santokhsingh Karamsingh Sandhu as an Additional Non-Executive Independent Director and Mr. Jatin Dhamani as an Additional Whole Time Director for five years starting May 26, 2026.

Strategic Decisions

The Board approved the proposed incorporation and investment of up to ₹50 crore in a wholly-owned subsidiary in South Africa to distribute petroleum products and specialty oils. The company also agreed to purchase land measuring approximately 21,551 sq. mtrs in Village Kherane Khurd, Tal. Panvel, Dist. Raigad, for a consideration of up to ₹20 crore. M/s. G. D. Singhvi & Co. were re-appointed as Internal Auditor and M/s. Maulin Shah & Associates as Cost Auditor for FY26-27.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE717W01049/20ef829715604b3d.pdf

Gandhar Oil Refinery (India) Ltd has issued a revised disclosure to the stock exchanges correcting the effective date of resignation of Mr. Sanjay Bharadwaj from his position as Senior Vice President – Manufacturing, Operations Department at the company's Silvassa Plant. The company clarified that the date mentioned in the earlier disclosure filed on May 11, 2026 was inadvertently stated as May 05, 2026, and the correct effective date of resignation is May 11, 2026. The revised disclosure was filed in compliance with Regulation 30 read with Schedule III, Part A, Para A (7) of the SEBI Listing Regulations, along with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026.

Resignation Details

The company received the resignation letter dated May 11, 2026 from Mr. Sanjay Bharadwaj, citing personal reasons for his departure. The following details have been provided as required under the applicable SEBI Listing Regulations:

Regulatory Compliance

The revised resignation disclosure has been made in compliance with the applicable SEBI Listing Regulations. The disclosure was signed by Binal Khosla, Compliance Officer and Company Secretary (Membership No.: A 29802), on behalf of Gandhar Oil Refinery (India) Ltd. The company has also made the disclosure available on its official website at https://gandharoil.com/ .