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.

Gandhar Oil Refinery (India) Ltd has announced significant changes in its business partnerships as part of its operational restructuring efforts. The company has terminated its joint venture with Texol Oils FZC and signed a termination agreement with Espe Oils FZC.

Key Developments

• Joint Venture Liquidation: Texol Oils FZC, the joint venture company, has been liquidated.
• Termination Agreement: A termination agreement was executed on October 17, 2025, to formally close the joint venture.
• Regulatory Compliance: The company made this announcement in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015.

Impact on Business Operations

According to the company's disclosure, the termination of this joint venture is not expected to have any material impact on Gandhar Oil Refinery's business or operations. The company stated that "this Joint venture was not beneficial to the Company," suggesting that the decision aligns with its strategic interests.

Details of the Termination Agreement

Corporate Governance

The decision to terminate the joint venture was approved by Gandhar Oil Refinery's Board of Directors in a meeting held on September 23, 2025. This move appears to be part of a broader strategy to streamline the company's operations and focus on more profitable ventures.

Investors and stakeholders are advised to monitor further announcements from the company for any additional information or developments related to this restructuring process.