The company’s board also declared an interim dividend of ₹2 per equity share for FY27 and fixed July 31, 2026 as the record date to determine shareholder eligibility.
The company said its quarterly performance was supported by healthy revenue growth and stronger gross margin spreads despite a challenging operating environment marked by geopolitical developments in West Asia, crude oil price volatility and supply chain disruptions.It attributed the performance to agile sourcing, prudent inventory management and a favourable product mix.
Aslesh Parekh, Joint Managing Director, Gandhar Oil Refinery (India) Ltd, said, “The PHPO segment remained the key growth driver during the quarter, supported by demand from the personal care, healthcare and pharmaceutical sectors.”He added that the quarter also witnessed encouraging traction in the PIO business, reflecting healthy demand across transformer, power & rubber manufacturers. “While growth in the Lubricants segment remained largely stable, it continued to contribute meaningfully to our diversified business mix,” he said.
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The company said it remains watchful of global macroeconomic and geopolitical developments but expects the underlying demand environment to remain supportive, backed by its focus on operational execution, customer engagement and value-added products.
Gandhar Oil Refinery India shares ended 4.02% higher at ₹236.30 on the NSE on Wednesday, gaining ₹9.13 ahead of the company’s June quarter earnings announcement.
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