Leading Petroleum Products Manufacturer Faces Market Challenges
Gandhar Oil Refinery (India) Ltd. has reported its March quarter financial results, showing a decline in both revenue and net profit compared to the previous year. The company posted a consolidated revenue from operations of ₹9.62 billion, reflecting a 4.81% decrease from the previous quarter. Additionally, Gandhar Oil Refinery’s net profit fell by 58.81%, settling at ₹116.7 million, compared to ₹221.9 million in the same quarter last year.
Key Highlights:
Revenue Decline: Gandhar Oil Refinery reported ₹9.62 billion in revenue, marking a 4.81% drop from the previous year.
Profit Reduction: The company’s net profit fell by 58.81%, down to ₹116.7 million, compared to ₹221.9 million in Q4 FY24.
Market Challenges: The decline in earnings is attributed to lower sales volumes and increased operational costs.
Yearly Performance: For the full fiscal year, Gandhar Oil Refinery’s net profit declined by 26.38%, while annual revenue saw a modest 0.84% increase.
Industry Outlook: The company continues to focus on strategic expansion and cost optimization to navigate market fluctuations.
Gandhar Oil Refinery remains a key player in the petroleum and specialty oils sector, but the latest financial results indicate pressures from market volatility and operational expenses. Investors will be watching closely to see how the company adjusts its strategy in the coming quarters.
Source:Business Standard, MarketScreener, Gandhar Oil Refinery Official Report
Business Standard, MarketScreener, Gandhar Oil Refinery Official ReportLeading Petroleum Products Manufacturer Faces Market Challenges
Gandhar Oil Refinery (India) Ltd. has reported its March quarter financial results, showing a decline in both revenue and net profit compared to the previous year. The company posted a consolidated revenue from operations of ₹9.62 billion, reflecting a 4.81% decrease from the previous quarter. Additionally, Gandhar Oil Refinery’s net profit fell by 58.81%, settling at ₹116.7 million, compared to ₹221.9 million in the same quarter last year.
Key Highlights:
Revenue Decline: Gandhar Oil Refinery reported ₹9.62 billion in revenue, marking a 4.81% drop from the previous year.
Profit Reduction: The company’s net profit fell by 58.81%, down to ₹116.7 million, compared to ₹221.9 million in Q4 FY24.
Market Challenges: The decline in earnings is attributed to lower sales volumes and increased operational costs.
Yearly Performance: For the full fiscal year, Gandhar Oil Refinery’s net profit declined by 26.38%, while annual revenue saw a modest 0.84% increase.
Industry Outlook: The company continues to focus on strategic expansion and cost optimization to navigate market fluctuations.
Gandhar Oil Refinery remains a key player in the petroleum and specialty oils sector, but the latest financial results indicate pressures from market volatility and operational expenses. Investors will be watching closely to see how the company adjusts its strategy in the coming quarters.
Source:
Business Standard, MarketScreener, Gandhar Oil Refinery Official Report
