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Gandhar Oil Refinery (India) Limited Q3 FY26 results deck summary

NSE: GANDHAR · BSE: 544029

Results deck of 23 Jan 2026, summarised by AI from the filing.

Q3 FY26 revenue ₹1,167.0 cr, EBITDA ₹59.1 cr and PAT ₹34.3 cr; PHPO 47.3% of FY25 finished goods revenue.

Key takeaways

  1. Q3 revenue Revenue from operations ₹1,167.0 cr (Q3FY25: ₹1,005.3 cr; Q2FY26: ₹1,059.9 cr).
  2. Q3 PAT Profit after tax ₹34.3 cr (Q3FY25: ₹20.4 cr; Q2FY26: ₹39.8 cr).
  3. Q3 EBITDA EBITDA ₹59.1 cr (Q3FY25: ₹41.6 cr; Q2FY26: ₹65.8 cr).
  4. PHPO share PHPO contributed 47.3% of FY25 consolidated revenue from finished goods sold.
  5. Overseas share Overseas sales contributed 40.21% of consolidated revenue from sale of products in FY25.

Original filing on BSE

Gandhar Oil Refinery (India) Limited Q1 FY27 results

As filed: Revenue ₹1,732 cr (+92% year on year), EBITDA ₹281 cr (+300% year on year), PAT ₹206 cr (+300% year on year), EBITDA margin 16.2% (+1,000 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹1,093 cr (+14% year on year), EBITDA ₹63.6 cr (+87% year on year), PAT ₹37.1 cr (+209% year on year), EBITDA margin 5.8% (+228 bps). Score 83 of 100, Above trend. Revenue, EBITDA and profit growth were well above the company's own trend. EBITDA margin rose 228 bps year on year. Revenue fell 6% from last quarter. Share price after the results: +7.8% in 30 days (Nifty 500: +0.9%).
  • Q3 FY26: Revenue ₹1,167 cr (+16% year on year), EBITDA ₹59.1 cr (+41% year on year), PAT ₹34.3 cr (+72% year on year), EBITDA margin 5.1% (+89 bps). Score 76 of 100, Above trend. Revenue growth was well above the company's own trend; EBITDA and profit growth were above it. EBITDA margin rose 89 bps year on year. Profit fell 14% from last quarter. Share price after the results: −7.6% in 28 days (Nifty 500: +3.0%).
  • Q2 FY26: Revenue ₹1,060 cr (+13% year on year), EBITDA ₹65.0 cr (+63% year on year), PAT ₹40.0 cr (+122% year on year), EBITDA margin 6.1% (+185 bps). Score 94 of 100, Above trend. Revenue, EBITDA and profit growth were well above the company's own trend. EBITDA margin rose 185 bps year on year. Share price after the results: −11.9% in 30 days (Nifty 500: −0.5%).
  • Q1 FY26: Revenue ₹903 cr (−9% year on year), EBITDA ₹46.0 cr (−23% year on year), PAT ₹26.0 cr (−21% year on year), EBITDA margin 5.1% (−94 bps). Score 17 of 100, Below trend. EBITDA margin fell 94 bps year on year. Not enough history for a trend yet: scored on growth alone. Revenue fell 6% from last quarter. Share price after the results: −6.6% in 28 days (Nifty 500: +0.6%).
  • Q4 FY25: Revenue ₹962 cr (+2% year on year), EBITDA ₹34.0 cr (0% year on year), PAT ₹12.0 cr (0% year on year), EBITDA margin 3.5% (−9 bps). Score 28 of 100, Below trend. EBITDA margin was flat year on year. Consolidated profit +0% but standalone +83%. Not enough history for a trend yet: scored on growth alone. Revenue fell 4% from last quarter. Share price after the results: +3.3% in 29 days (Nifty 500: +2.0%).
  • Q3 FY25: Revenue ₹1,005 cr (−9% year on year), EBITDA ₹42.0 cr (−51% year on year), PAT ₹20.0 cr (−61% year on year), EBITDA margin 4.2% (−353 bps). Score 6 of 100, Below trend. EBITDA margin fell 353 bps year on year. Not enough history for a trend yet: scored on growth alone.
  • Q2 FY25: Revenue ₹935 cr (−7% year on year), EBITDA ₹40.0 cr (−47% year on year), PAT ₹18.0 cr (−63% year on year), EBITDA margin 4.3% (−331 bps). Score 7 of 100, Below trend. EBITDA margin fell 331 bps year on year. Not enough history for a trend yet: scored on growth alone. Revenue fell 6% from last quarter.

Past price moves after results do not indicate future moves. Not a recommendation.

Gandhar Oil Refinery (India) Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.