Gandhar Oil Refinery Reports Strong Q4 Performance with Net Profit Surge and Strategic Expansion Plans

Nikunj Parikh - Mumbai Bureau May 26, 2026 1,100 Views

The consolidated net profit of Gandhar Oil Refinery India Limited for the March quarter of FY26 was Rs 406.8 million, reflecting strong operational performance and consolidated revenue from operations of Rs 10.93 billion. The specialty oils company also announced important strategic moves such as international expansion and leadership changes.

Gandhar Oil Refinery has posted impressive results in the fourth quarter, achieving a significant increase in net profit and a strategic expansion plan.Gandhar Oil Refinery has delivered impressive results in the fourth quarter, with a significant increase in net profit and a strategic expansion plan.

Mumbai-based Gandhar Oil Refinery concluded its fourth quarter FY26 on a strong note, showcasing significant financial growth while simultaneously announcing major corporate developments during its board meeting held on May 26, 2026. It is mainly engaged in the manufacturing and trading of petroleum products and specialty oils.

Financial Performance Highlights

Consolidated revenue from operations for the quarter ended March 31, 2026, stood at Rs 10.93 billion, which is significantly higher than Rs 9.62 billion in the same quarter of the previous year. The consolidated net profit for Q4 FY26 was Rs 406.8 million, reflecting the company's enhanced profitability trajectory. The company's standalone quarterly revenue was Rs 9.29 billion and net profit was Rs 441.3 million.

Full Year FY26 Results

The full financial year FY26 witnessed exceptional performance with consolidated revenue reaching Rs 42.41 billion compared to Rs 38.97 billion in FY25. The annual consolidated net profit increased to Rs 1.37 billion from Rs 835.2 million in the previous year, which is a remarkable growth rate. The company reported a consolidated EPS of Rs 13.83 in FY26, which was a healthy figure.

Strategic Developments and Expansion

The board passed several important resolutions such as the proposed incorporation of a wholly-owned subsidiary in South Africa with investment up to Rs 50 crores in the distribution of petroleum products and specialty oils. Further, the company entered into an agreement to acquire land at Village Kherane Khurd, Taluka Panvel, District Raigad of about 21,551 sqm for a consideration of up to Rs 20 crores.

Leadership and Governance

The key leadership changes are the reappointment of Samir Parekh and Aslesh Parekh as Joint Managing Directors for another five-year term from October 1, 2026. The company also appointed Santokhsingh Karamsingh Sandhu as Additional Non-Executive Independent Director and Jatin Dhamani as Additional Whole Time Director for five-year terms from May 26, 2026.

Key Highlights

Consolidated Q4 FY26 net profit of Rs 406.8 million
The revenue for the consolidated Q4 FY26 stood at Rs 10.93 billion.
The consolidated revenue for the full year of FY26 is Rs 42.41 billion.
Annual consolidated net profit of Rs 1.37 billion, which is significant year-on-year growth.
The total assets rose to Rs 22.25 billion by the end of March 31, 2026.
South Africa subsidiary is proposed to be invested up to Rs 50 crores.
The agreement for land acquisition for expansion is valued at up to Rs 20 crores.
Zero borrowings on standalone basis as of March 31, 2026
Other equity grew by Rs 13.33 billion on consolidated basis