For the full financial year, consolidated revenue increased to ₹4,241.2 crore from ₹3,896.9 crore in FY25. For FY26, EBITDA stood at ₹234.5 crore compared with ₹175.6 crore in the previous financial year. For FY26, consolidated PAT stood at ₹137.2 crore compared with ₹83.5 crore in FY25.ALSO READ | Gandhar Oil Q3 Results: Net profit jumps 68% to ₹32 crore on higher revenue and PHPO demand
Gandhar Oil Refinery reported consolidated manufacturing sales volumes of 5,45,755 KL for FY26, up 9% from 5,00,231 KL in FY25. For FY26, PHPO contributed 48% to consolidated revenue, while lubricants accounted for 27%. Channel partners contributed 14.81%, and PIO represented 10.19% of consolidated revenue.
The company’s board approved the re-appointment of Samir Parekh as joint managing director for another five years and Aslesh Parekh as joint managing director for another five years.
It also approved the appointment of Santokhsingh Karamsingh Sandhu as an additional non-executive independent director and Jatin Dhamani as an additional whole-time director.ALSO READ | Gandhar Oil flags 20% oil price surge, forex risks; says UAE plant ops may be hit
Separately, the board approved incorporation and investment in a wholly-owned subsidiary in South Africa in the petroleum products speciality oils segment.
The proposed investment is up to ₹50 crore, with 100% equity subscription by way of cash consideration as per applicable regulatory provisions in South Africa. The subsidiary will engage in the distribution of petroleum products speciality oils.
The company also approved an agreement for the purchase of land at Kherane Khurd village in Raigad, covering approximately 21,551 square metres, for up to ₹20 crore.
Aslesh Parekh, Joint Managing Director, said, “We delivered a strong close to FY26, supported by sustained momentum in domestic demand and a continued strategic focus on higher-margin PHPO products.
Also Read: Gandhar Oil shares surge 6% after $45 million annual order win from Abu Dhabi oil company
This performance was achieved despite a challenging global environment characterised by macroeconomic pressures, ongoing logistical constraints, and volatility arising from the Middle East geopolitical situation, including the temporary closure of the Strait of Hormuz, which led to a sharp increase in oil prices. Notwithstanding these headwinds, we recorded robust performance across all parameters.”
Shares of Gandhar Oil Refinery India Ltd ended at ₹168, down by ₹2.85, or 1.67%, on the BSE today, May 26.
