Gandhar oil refinery (India) Ltd, a leading manufacturer of white oils by revenue, has announced strong financial results for the quarter and nine months ended December 31, 2025. The Mumbai-based company, which specializes in producing Pharmaceutical, Health Care, and Performance Oil (PHPO), Process Insulating Oil (PIO) and Lubricants, demonstrated robust growth across key financial metrics during Q3FY26.

Financial Performance Overview

The company's consolidated financial performance for Q3FY26 showed significant improvement across all major parameters:

Nine-Month Performance Highlights

For the nine-month period FY26, Gandhar Oil Refinery maintained its growth trajectory with consolidated revenue reaching ₹3,129.90 crores compared to ₹2,935.20 crores in 9MFY25. The company's EBITDA for 9MFY26 stood at ₹170.90 crores, while profit after tax reached ₹100.20 crores compared to ₹71.20 crores in the previous year.

Business Segment Performance

The company's diversified product portfolio demonstrated balanced growth during 9MFY26. The revenue breakdown by segment shows PHPO leading with 50.0% contribution, followed by Lubricants at 26.80%, Channel Partners at 13.70%, and PIO representing 9.50% of total consolidated revenue.

Management Commentary

Aslesh Parekh, Joint Managing Director, highlighted the company's strong performance despite global macroeconomic challenges. He emphasized the sustained domestic demand and strategic focus on high-margin PHPO products as key drivers of growth. The management noted strong traction in personal care and healthcare applications for PHPO products, which remained the leading revenue contributor.

Manufacturing and Operations

Consolidated manufacturing sales volumes for 9MFY26 reached 4,09,974 KL, representing a 10% increase from 3,72,505 KL in 9MFY25. This volume growth supported the company's revenue expansion and demonstrated operational efficiency improvements. The company continues to sell its products under the flagship brand "Divyol" across its diversified customer base.

Company Profile

Gandhar Oil Refinery (India) Limited operates as a specialty oils manufacturer with a growing focus on consumer and healthcare end-industries. The company produces a broad variety of specialty oils and lubricants including white oils, waxes, jellies, automotive oils, industrial oils, transformer oils, and rubber processing oils.

Gandhar Oil Refinery has announced two strategic property transactions that highlight the company's focus on optimizing its asset portfolio while expanding its operational capacity. The company has approved both the sale of existing property and the acquisition of new land for expansion purposes.

Property Divestment in Mohali

The company has received approval to sell its immovable property located in Mohali for over ₹16 million. This transaction represents a strategic divestment that will help the company optimize its asset base and generate additional liquidity.

Land Acquisition for Expansion

In a parallel development, Gandhar Oil Refinery has approved the purchase of a 453.55-decimal land parcel strategically located adjacent to its existing factory. This acquisition demonstrates the company's commitment to expanding its manufacturing capabilities and operational footprint.

Strategic Asset Management

These simultaneous transactions reflect a balanced approach to asset management, where the company is divesting non-core properties while investing in expansion-focused acquisitions. The sale of the Mohali property provides financial resources, while the land purchase adjacent to the factory positions the company for future growth and increased production capacity.

The strategic location of the new land parcel, being adjacent to the existing factory, offers operational synergies and cost efficiencies for the company's expansion plans. This approach demonstrates prudent capital allocation and long-term strategic planning by the management.