Gandhar Oil Refinery disclosed on July 24, 2026, that its manufacturing plant in Silvassa, Dadra & Nagar Haveli, has been affected by flood-like conditions due to unprecedented heavy rainfall. The disruption poses potential risks to production continuity and asset integrity, prompting an immediate impact assessment by management to determine the extent of damage and required restoration measures.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the SEBI circular bearing reference number HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. This regulation mandates listed entities to inform stock exchanges of any disruption in operations caused by natural calamities such as floods.

Operational Impact and Assessment

The flooding occurred after Silvassa received extremely heavy rainfall over a 48-hour period, causing severe waterlogging across several parts of the area. The specific facility affected is Unit No. 2, located at Plot No. 2, Survey No. 678/1/3, Village Naroli, Silvassa (D & N H)- 396230, U.T., Gujarat.

Management stated that the extent of the impact on the Company’s assets, operations, and production is being evaluated. Appropriate measures are being taken to restore normal operations at the earliest possible time. The Company will continue to keep the stock exchanges informed of any material developments in accordance with the SEBI (LODR) Regulations, 2015.

Insurance Coverage

The Company confirmed that it has adequate insurance coverage for the incident. The event has been formally intimated to the insurance company. While the financial quantum of loss or damage is not yet quantified, the existence of insurance coverage suggests that potential financial impacts may be mitigated subject to policy terms.

Regulatory Compliance

The intimation was signed by Binal Khosla, Company Secretary & Compliance Officer (Mem. No.: A29802), and submitted to both the Bombay Stock Exchange (BSE Scrip Code: 544029) and the National Stock Exchange of India Limited (Symbol: GANDHAR). The filing ensures transparency regarding the force majeure event affecting one of the Company’s key manufacturing units.

Gandhar Oil Refinery (India) Ltd reported its highest-ever quarterly net profit of ₹206 crore for the quarter ended June 30, 2026 (Q1 FY27), marking a 689% year-on-year increase from ₹26 crore in the corresponding period of the previous year. This record performance was primarily driven by a 92% surge in revenue from operations to ₹1,732 crore and a significant expansion in gross margin spread to ₹28,145 per kilolitre, which grew 3.4x compared to the prior year. The strong operational leverage allowed the company to deliver substantial value to shareholders, with the Board declaring an interim dividend of ₹2 per equity share, representing 100% of the face value, with the record date fixed as July 31, 2026.

The Board, which met on July 22, 2026, approved the unaudited standalone and consolidated financial results in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The limited review report for the quarter was issued by M/s. K J K & Associates, Chartered Accountants, the statutory auditor of the company. Consolidated EBITDA for the quarter surged 512% to ₹2.8 billion (₹281 crore) from ₹637 million (₹63.7 crore) in Q1 FY26, reflecting an improved EBITDA margin of 16.27% versus 5.83% on a quarter-on-quarter basis. Total expenses for the quarter were reported at ₹1,471.19 crore.

Financial Performance

The company's earnings per share (EPS) on a consolidated basis improved significantly to ₹19.65 for Q1 FY27 from ₹2.68 in the prior year period. On a standalone basis, net profit for the quarter rose to ₹178.82 crore from ₹26.22 crore in the same quarter last year, while revenue from operations increased to ₹1,591.05 crore from ₹745.44 crore. Total manufacturing volumes improved by 8% year-on-year to 1,31,247 kilolitres. The following table summarises the key financial metrics for the quarter:

Operational Highlights

The PHPO segment continued to anchor growth with volumes reaching 68,815 kilolitres, while the PIO segment saw encouraging traction with volumes at 17,998 kilolitres. The Lubricants segment remained largely stable with volumes of 30,073 kilolitres. Management attributed the strong performance to healthy demand across key end-user industries, agile sourcing strategies, and a favourable product mix despite geopolitical volatility and supply chain disruptions.

Corporate Governance Updates

The Board reconstituted the Risk Management Committee, appointing Mr. Shyam Chandrabhan Agrawal as Chairman to fill the casual vacancy caused by the resignation of Mrs. Deena Mehta. Additionally, Mr. Shyam Chandrabhan Agrawal was appointed as an Additional Non-Executive Independent Director for a term of five years. The 34th Annual General Meeting of the company is scheduled to be held on September 11, 2026, through Video Conferencing.