Gandhar Oil Refinery (India) quarterly results

Q2 FY27 · Jul–Sep 2026

₹ crore	Q2 FY27	Q2 FY26	Change
Revenue	1,847	1,060	+74.2%
EBITDA	288	65.8	+337.0%
EBITDA margin	15.6%	6.2%	+9.4 pts
Profit before tax	248	51.0	+386.2%
Net profit	186	39.8	+368.4%
EPS	₹17.87	₹3.68	+385.6%

Every quarter

₹ crore except per share

Tap a line for its trend	Q2 FY27Sep 2026	Q1 FY27Jun 2026	Q4 FY26Mar 2026	Q3 FY26Dec 2025	Q2 FY26Sep 2025	Q1 FY26Jun 2025	Q4 FY25Mar 2025	Q3 FY25Dec 2024	Q2 FY25Sep 2024	Q1 FY25Jun 2024	Q4 FY24Mar 2024	Q3 FY24Dec 2023

Expenses
	1,847	1,732	1,093	1,167	1,060	903	962	1,005	935	995	939	1,103
	3.0	3.0	4.2	3.6	3.0	2.7	3.5	2.1	2.3	5.0	4.8	1.7
	1,850	1,735	1,098	1,171	1,063	906	965	1,007	937	1,000	944	1,104
	1,489	1,382	920	1,039	952	809	839	893	811	881	837	942
	1.7	0.7	8.5	41.0	4.6	0.0	6.5	17.8	6.9	29.3	0.7	4.2
	−31.8	−21.1	28.2	−21.7	−18.9	−7.0	3.5	−11.0	18.8	−25.5	−5.2	21.7
	31.3	11.9	23.2	13.0	11.8	11.5	19.1	11.4	11.1	11.5	25.2	10.1
	13.3	12.7	7.6	10.1	10.3	9.6	13.5	10.5	11.4	13.0	13.6	16.1
	8.0	7.8	7.7	7.5	7.5	7.3	6.8	6.3	6.4	6.4	5.5	5.0
	68.8	77.3	49.8	37.1	44.6	43.8	60.3	52.3	47.4	38.4	48.1	40.0
	1,580	1,471	1,045	1,126	1,012	874	948	981	913	954	925	1,039
	288	281	63.6	59.1	65.8	46.0	33.6	41.6	40.2	60.3	33.6	85.1
	280	273	55.9	51.7	58.4	38.7	26.7	35.2	33.8	54.0	28.1	80.1
Profit
	269	264	52.5	45.1	51.0	31.8	16.8	26.9	24.7	46.0	19.2	65.7
	−21.3	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	248	264	52.5	45.1	51.0	31.8	16.8	26.9	24.7	46.0	19.2	65.7
	56.4	58.1	14.3	10.6	11.6	5.7	2.7	7.0	6.6	10.7	3.7	15.2
	5.5	−0.2	1.1	0.2	−0.2	−0.0	1.8	−0.5	−0.1	2.7	3.4	−0.4
	61.8	57.9	15.4	10.8	11.4	5.7	4.5	6.5	6.4	13.4	7.1	14.8
	0.0	0.0	0.0	0.0	0.1	0.0	0.0	0.0	−0.1	0.0	0.0	0.0
	186	206	37.1	34.3	39.8	26.1	12.3	20.4	18.1	32.7	12.1	50.9
	186	206	37.1	34.3	39.7	26.1	12.3	20.4	18.3	32.7	12.1	50.9
	−1.2	−0.6	−6.2	−1.7	−5.2	−0.6	0.7	−3.8	−0.9	−0.2	−0.4	2.6
	185	205	30.9	32.7	34.6	25.5	13.0	16.6	17.3	32.4	11.8	53.6
	175	192	40.7	32.4	36.1	26.2	11.7	19.3	18.2	30.8	9.1	47.3
	11.4	13.6	−3.6	1.9	3.7	−0.1	0.6	1.1	−0.1	1.8	3.0	3.6
Per share
	₹17.87	₹19.65	₹4.16	₹3.31	₹3.68	₹2.68	₹1.19	₹1.98	₹1.91	₹3.40	₹1.06	₹5.47
	₹17.87	₹19.65	₹4.16	₹3.31	₹3.68	₹2.68	₹1.19	₹1.98	₹1.91	₹3.40	₹1.06	₹5.47
Other comprehensive income — detail
	−1.2	−0.6	−6.2	−1.7	−5.2	−0.6	0.7	—	—	—	—	—
	0.2	−0.3	1.7	0.0	0.2	−0.2	−0.0	0.1	−0.1	−0.2	0.0	0.1
	0.0	−0.1	0.4	0.0	5.4	−0.1	−0.0	—	—	—	—	—
	—	—	—	—	—	—	—	0.0	−0.0	−0.0	0.0	0.0
	−1.3	−0.4	—	—	—	−0.4	—	—	—	−0.1	−0.4	2.6
	0.0	0.0	7.4	1.7	0.1	0.0	−0.7	—	—	—	—	—
	—	—	—	—	—	—	—	3.9	0.8	0.0	0.0	0.0
	174	192	38.2	31.6	33.5	25.9	12.0	17.5	17.7	30.7	9.0	48.7
	10.7	13.4	−7.3	1.1	1.0	−0.4	1.0	−0.8	−0.5	1.8	2.8	4.9
Per share — as-filed variants
	₹17.87	₹19.65	₹4.16	₹3.31	₹3.68	₹2.68	₹1.19	₹1.98	₹1.91	₹3.40	₹1.06	₹5.47
	₹17.87	₹19.65	₹4.16	₹3.31	₹3.68	₹2.68	₹1.19	₹1.98	₹1.91	₹3.40	₹1.06	₹5.47
Derived — gross profit (revenue − materials − purchases − Δ inventories)
	388	371	137	109	122	101	113	105	98.7	110	107	135
	21.0%	21.4%	12.5%	9.4%	11.5%	11.2%	11.7%	10.5%	10.6%	11.1%	11.4%	12.3%
Adjusted (ex-exceptional items) — derived
	269	264	52.5	45.1	51.0	31.8	16.8	26.9	24.7	46.0	19.2	65.7
	−21.3	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	202	206	37.1	34.3	39.8	26.1	12.3	20.4	18.1	32.7	12.1	50.9
	₹19.40	₹19.65	₹4.16	₹3.31	₹3.68	₹2.68	₹1.19	₹1.98	₹1.91	₹3.40	₹1.06	₹5.47

Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

GANDHAR₹248.10

Gandhar Oil Refinery (India) Limited

· Energy & Power

Annual Quarterly₹ CrorePeersVEEDOL PANAMAPET SOTL GULFOILLUBMcap ₹2,429 Cr

View

In ₹ Crore except Per Share 3 Months Ending	Q3 FY24 31/12/2023	Q4 FY24 31/03/2024	Q1 FY25 30/06/2024	Q2 FY25 30/09/2024	Q3 FY25 31/12/2024	Q4 FY25 31/03/2025	Q1 FY26 30/06/2025	Q2 FY26 30/09/2025	Q3 FY26 31/12/2025	Q4 FY26 31/03/2026	Q1 FY27 30/06/2026	Q2 FY27 30/09/2026
Revenue from Operations	1,102.6	939.2	994.8	935.1	1,005.3	961.7	903.0	1,059.9	1,167.1	1,093.4	1,731.9	1,846.6
Other Income	1.7	4.8	5.0	2.3	2.1	3.5	2.7	3.0	3.6	4.2	3.0	3.0
Total Income	1,104.3	944.0	999.9	937.4	1,007.4	965.3	905.7	1,062.9	1,170.6	1,097.6	1,735.0	1,849.5
Expenses
+ Cost of Materials Consumed	941.6	836.9	880.9	810.6	893.2	838.7	808.8	952.1	1,038.5	920.1	1,381.8	1,488.9
+ Purchases of Stock-in-Trade	4.2	0.7	29.3	6.9	17.8	6.5	0.0	4.6	41.0	8.5	0.7	1.7
+ Changes in Inventories	21.7	-5.2	-25.5	18.8	-11.0	3.5	-7.0	-18.9	-21.7	28.2	-21.1	-31.8
+ Employee Benefit Expense	10.1	25.2	11.5	11.1	11.4	19.1	11.5	11.8	13.0	23.2	11.9	31.3
+ Finance Costs	16.1	13.6	13.0	11.4	10.5	13.5	9.6	10.3	10.1	7.6	12.7	13.3
+ Depreciation & Amortisation	5.0	5.5	6.4	6.4	6.3	6.8	7.3	7.5	7.5	7.7	7.8	8.0
+ Other Expenses	40.0	48.1	38.4	47.4	52.3	60.3	43.8	44.6	37.1	49.8	77.3	68.8
Total Expenses	1,038.6	924.8	953.8	912.7	980.6	948.5	873.9	1,011.8	1,125.5	1,045.1	1,471.2	1,580.2
EBITDA	85.1	33.6	60.3	40.2	41.6	33.6	46.0	65.8	59.1	63.6	281.3	287.7
EBIT	80.1	28.1	54.0	33.8	35.2	26.7	38.7	58.4	51.7	55.9	273.5	279.7
Profit
PBT before Exceptional Items	65.7	19.2	46.0	24.7	26.9	16.8	31.8	51.0	45.1	52.5	263.8	269.4
+ Exceptional Items	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-21.3
Pretax Income	65.7	19.2	46.0	24.7	26.9	16.8	31.8	51.0	45.1	52.5	263.8	248.1
+ Current Tax	15.2	3.7	10.7	6.6	7.0	2.7	5.7	11.6	10.6	14.3	58.1	56.4
+ Deferred Tax	-0.4	3.4	2.7	-0.1	-0.5	1.8	-0.0	-0.2	0.2	1.1	-0.2	5.5
Tax Expense	14.8	7.1	13.4	6.4	6.5	4.5	5.7	11.4	10.8	15.4	57.9	61.8
+ Share of Associates & JVs	0.0	0.0	0.0	-0.1	0.0	0.0	0.0	0.1	0.0	0.0	0.0	0.0
Net Income	50.9	12.1	32.7	18.1	20.4	12.3	26.1	39.8	34.3	37.1	205.9	186.3
+ Net Income — Continuing Ops	50.9	12.1	32.7	18.3	20.4	12.3	26.1	39.7	34.3	37.1	205.9	186.3
+ Other Comprehensive Income	2.6	-0.4	-0.2	-0.9	-3.8	0.7	-0.6	-5.2	-1.7	-6.2	-0.6	-1.2
Total Comprehensive Income	53.6	11.8	32.4	17.3	16.6	13.0	25.5	34.6	32.7	30.9	205.3	185.1
Net Income to Common	47.3	9.1	30.8	18.2	19.3	11.7	26.2	36.1	32.4	40.7	192.3	174.9
Minority Interest	3.6	3.0	1.8	-0.1	1.1	0.6	-0.1	3.7	1.9	-3.6	13.6	11.4
Per Share
Basic EPS	5.47	1.06	3.40	1.91	1.98	1.19	2.68	3.68	3.31	4.16	19.65	17.87
Diluted EPS	5.47	1.06	3.40	1.91	1.98	1.19	2.68	3.68	3.31	4.16	19.65	17.87
Other Comprehensive Income — detail
+ Other Comprehensive Income	—	—	—	—	—	0.7	-0.6	-5.2	-1.7	-6.2	-0.6	-1.2
+ Items NOT to be Reclassified to P&L	0.1	0.0	-0.2	-0.1	0.1	-0.0	-0.2	0.2	0.0	1.7	-0.3	0.2
+ Tax on Items NOT to be Reclassified	—	—	—	—	—	-0.0	-0.1	5.4	0.0	0.4	-0.1	0.0
+ Tax on Items NOT to be Reclassified — alt tag	0.0	0.0	-0.0	-0.0	0.0	—	—	—	—	—	—	—
+ Items to be Reclassified to P&L	2.6	-0.4	-0.1	—	—	—	-0.4	—	—	—	-0.4	-1.3
+ Tax on Items to be Reclassified	—	—	—	—	—	-0.7	0.0	0.1	1.7	7.4	0.0	0.0
+ Tax on Items to be Reclassified — alt tag	0.0	0.0	0.0	0.8	3.9	—	—	—	—	—	—	—
Comprehensive Income — Owners of Parent	48.7	9.0	30.7	17.7	17.5	12.0	25.9	33.5	31.6	38.2	191.9	174.4
Comprehensive Income — Non-controlling Interests	4.9	2.8	1.8	-0.5	-0.8	1.0	-0.4	1.0	1.1	-7.3	13.4	10.7
Per Share — as-filed variants
Basic EPS — Continuing Operations	5.47	1.06	3.40	1.91	1.98	1.19	2.68	3.68	3.31	4.16	19.65	17.87
Diluted EPS — Continuing Operations	5.47	1.06	3.40	1.91	1.98	1.19	2.68	3.68	3.31	4.16	19.65	17.87
Derived — Gross Profit (Revenue − Materials − Purchases − Δ Inventories)
Gross Profit	135.2	106.9	110.2	98.7	105.3	113.0	101.2	122.2	109.3	136.5	370.5	387.7
Gross Margin %	12.26	11.38	11.07	10.55	10.47	11.75	11.21	11.53	9.36	12.49	21.39	21.00
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	65.7	19.2	46.0	24.7	26.9	16.8	31.8	51.0	45.1	52.5	263.8	269.4
− Exceptional Items (reconciliation)	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-21.3
Net Income Adj (tax-effected)	50.9	12.1	32.7	18.1	20.4	12.3	26.1	39.8	34.3	37.1	205.9	202.3
EPS Adj	5.47	1.06	3.40	1.91	1.98	1.19	2.68	3.68	3.31	4.16	19.65	19.40
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00
Filed Debt Equity	0.00	0.00	0.00	0.00	0.00	0.14	0.14	0.14	0.13	0.12	0.05	0.05
Filed Dscr	2.00	2.00	3.00	3.00	4.00	2.48	4.79	6.42	5.86	8.35	22.09	20.10
Filed Iscr	5.00	2.00	4.00	3.00	3.00	1.98	4.03	5.69	5.12	7.34	21.47	19.50
Paid Up Equity Capital	19.6	19.6	19.6	19.6	19.6	19.6	19.6	19.6	19.6	19.6	19.6	19.6

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: Q2 FY27 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Gandhar Oil Refinery Q2 FY27 results (July–September 2026)

Filed with NSE on Tuesday, 27 October 2026 at 6:20 pm IST

Gandhar Oil Refinery (NSE: GANDHAR) reported its Q2 FY27 results (July–September 2026) on Tuesday, 27 October 2026 at 6:20 pm IST. Consolidated net profit attributable to shareholders was ₹175 crore, up 385.1% from ₹36.1 crore in Q2 FY26 and down 9.0% from ₹192 crore in Q1 FY27. Revenue from operations was ₹1,847 crore, up 74.2% year on year and up 6.6% from the previous quarter.

Q2 FY26 results (a year earlier): 12 November 2025
Q3 FY27 results due by: 14 February 2027

Q2 FY27 at a glance · consolidated

Net profit (shareholders'): ₹175 Cr+385.1% vs Q2 FY26−9.0% vs Q1 FY27Total incl. minority interest ₹186 Cr
Revenue from operations: ₹1,847 Cr+74.2% vs Q2 FY26+6.6% vs Q1 FY27
Operating margin (EBIT): 15.1%+9.6 pts vs Q2 FY26−0.6 pts vs Q1 FY27EBIT ₹280 Cr
EBITDA: ₹288 Cr+337.0% vs Q2 FY26+2.3% vs Q1 FY27margin 15.6%
Earnings per share (basic): ₹17.87+385.6% vs Q2 FY26−9.1% vs Q1 FY27
Net profit margin: 9.5%+6.1 pts vs Q2 FY26−1.6 pts vs Q1 FY27

Questions

What was Gandhar Oil Refinery's net profit in Q2 FY27?

Consolidated net profit attributable to shareholders was ₹175 crore, up 385.1% from ₹36.1 crore in Q2 FY26 and down 9.0% from ₹192 crore in Q1 FY27. Including the minority shareholders' share, total profit was ₹186 crore.

How were Gandhar Oil Refinery's Q2 FY27 results?

Both grew from a year earlier: net profit was up 385.1% at ₹175 crore and revenue was up 74.2% at ₹1,847 crore. The operating margin was 15.1%, up 9.6 percentage points from 5.5% a year earlier. Against Q1 FY27, net profit was down 9.0% and revenue up 6.6%.

What was Gandhar Oil Refinery's net profit in the first half of FY27?

Consolidated net profit attributable to shareholders for the first half of FY27 (April–September 2026) was ₹367 crore, up 489.5% from ₹62.3 crore in the same months a year earlier. Revenue from operations was ₹3,578 crore, up 82.3%.

What was Gandhar Oil Refinery's revenue in Q2 FY27?

Revenue from operations was ₹1,847 crore, up 74.2% year on year and up 6.6% from the previous quarter.

What was Gandhar Oil Refinery's EPS in Q2 FY27?

Basic earnings per share were ₹17.87, against ₹3.68 in Q2 FY26.

What was Gandhar Oil Refinery's net profit in FY26?

Consolidated net profit attributable to shareholders was ₹135 crore in FY26 (April 2025–March 2026), up 69.1% from ₹80 crore in FY25. It was ₹141 crore in FY24.

What was Gandhar Oil Refinery's operating margin in Q2 FY27?

Operating profit (EBIT — revenue less operating expenses, before finance costs and other income) was ₹280 crore, a margin of 15.1%, against 15.8% in Q1 FY27 and 5.5% in Q2 FY26. EBITDA was ₹288 crore, 15.6% of revenue.

What is Gandhar Oil Refinery's net profit margin?

Gandhar Oil Refinery's net profit margin was 9.5% in Q2 FY27 (net profit attributable to shareholders as a share of revenue from operations), against 3.4% in Q2 FY26 (up 6.1 percentage points). For FY26 as a whole it was 3.2%.

What was Gandhar Oil Refinery's revenue in FY26?

Revenue from operations was ₹4,241 crore in FY26 (April 2025–March 2026), up 8.8% from ₹3,897 crore in FY25. It was ₹4,113 crore in FY24.

How has Gandhar Oil Refinery's profit changed over the last four quarters?

Net profit attributable to shareholders by quarter: ₹32.4 crore in Q3 FY26, ₹40.7 crore in Q4 FY26, ₹192 crore in Q1 FY27 and ₹175 crore in Q2 FY27. That is ₹440 crore over the four quarters, up 371.9% from ₹93.3 crore in the four quarters before. Revenue from operations: ₹1,167 crore, ₹1,093 crore, ₹1,732 crore and ₹1,847 crore.

When did Gandhar Oil Refinery announce its Q2 FY27 results?

On Tuesday, 27 October 2026 at 6:20 pm IST, in its results filing to the stock exchanges. A year earlier it reported Q2 FY26 on 12 November 2025.

When will Gandhar Oil Refinery announce its Q3 FY27 results?

Q3 FY27 covers October–December 2026. Listed companies must publish quarterly results within 45 days of the quarter's end (SEBI listing rules, Regulation 33), so the results are due by 14 February 2027. The company tells the exchanges the date of the board meeting at least two working days before it.

Where do these Gandhar Oil Refinery figures come from?

From Gandhar Oil Refinery's own consolidated results filings to NSE, in ₹ crore as filed (Q2 FY27 on 27 October 2026). Growth compares the same consolidated figures a year and a quarter earlier.

Consolidated figures from the company's filings to NSE. Every company's results dates this season are in the Q2 FY27 results calendar, part of Alpha Plus.