Gandhar Oil Refinery , a prominent player in the oil refinery sector, has reported robust financial results for the second quarter of fiscal year 2026 (Q2FY26), showcasing significant growth across key metrics.

Financial Highlights

The company's performance for Q2FY26 demonstrates substantial improvement:

Operational Performance

Gandhar Oil Refinery has also reported strong operational results for the first half of FY26:

• Consolidated manufacturing volumes reached 261,524 KL in H1FY26
• Year-on-year growth in manufacturing volumes: 9.00%

Market Drivers

The company attributes its growth to robust domestic demand, particularly in two key segments:

1. Pharmaceutical sector
2. Personal care industry

These sectors have contributed significantly to the increased demand for Gandhar Oil Refinery's products, driving the company's overall performance.

Analysis

The substantial sequential growth in revenue, coupled with an even more impressive increase in EBITDA and PAT, suggests that Gandhar Oil Refinery has not only expanded its sales but also improved its operational efficiency and profitability.

The more than doubling of Profit After Tax is particularly noteworthy, indicating that the company has successfully managed its costs while growing its top line. This could be a result of economies of scale, improved pricing power, or effective cost management strategies.

The 9.00% year-on-year growth in manufacturing volumes for H1FY26 aligns with the revenue growth, showing that the company is effectively translating increased production into sales.

Conclusion

Gandhar Oil Refinery's Q2FY26 results reflect a strong performance in a competitive market. The company's ability to capitalize on growing demand in the pharmaceutical and personal care segments has translated into significant financial gains. As the company continues to leverage these market opportunities, investors and industry observers will likely keep a close watch on its future performance and strategic initiatives.

Gandhar Oil Refinery (India) Limited has reported a robust financial performance for the second quarter, with significant growth in both revenue and profitability.

Financial Highlights

Gandhar Oil Refinery delivered a strong performance in the second quarter, with consolidated revenue rising to 10,599.13 million rupees, marking a 17.3% increase from the previous quarter. The company's net profit saw a significant jump of 37.5%, reaching 360.55 million rupees compared to 262.29 million rupees in Q1.

Operational Performance

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) showed substantial growth, increasing by 43.1% quarter-on-quarter to 658.40 million rupees. This growth was accompanied by an improvement in the EBITDA margin, which expanded by 112 basis points to reach 6.21% in Q2.

Balance Sheet and Cash Flow

As of September 30, Gandhar Oil Refinery reported total assets of 21,967.27 million rupees, up from 19,590.93 million rupees at the end of the previous fiscal year. The company's cash and cash equivalents stood at 287.86 million rupees at the end of the quarter.

Corporate Updates

The company has announced a revision in the schedule of its earnings call with analysts and investors. The call has been rescheduled to Friday, November 14, at 10:30 AM IST due to unavoidable reasons.

Gandhar Oil Refinery continues to focus on its core business of manufacturing and trading petroleum products and specialty oils. The company's board of directors has approved the financial results and expressed satisfaction with the overall performance for the quarter.

Investors and analysts interested in further details about the company's performance and future outlook are encouraged to participate in the upcoming earnings call.

Note: All financial figures are based on consolidated results for the quarter ended September 30, as reported by the company.

About Gandhar Oil Refinery (India) Limited

Gandhar Oil Refinery (India) Limited is primarily engaged in the manufacturing and trading of petroleum products and specialty oils. The company operates in a single reportable segment as per IND AS 108 - "Operating Segment".

Disclaimer: This article is for informational purposes only and should not be considered as financial advice. Investors are advised to conduct their own research and consult with financial professionals before making investment decisions.