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Gandhar Oil Refinery (India) Limited Q2 FY27 results press release summary

NSE: GANDHAR · BSE: 544029

Results press release of 27 Oct 2026, summarised by AI from the filing.

PIO half-yearly volumes grew 23% year-on-year, supported by demand from the transformer, power and rubber industries.

Key takeaways

  1. PIO demand PIO half-yearly volumes grew 23% year-on-year, supported by demand from the transformer, power and rubber industries.
  2. Base oil risk West Asia geopolitical developments impacted base oil availability, pricing and shipping logistics.

Original filing on BSE

Gandhar Oil Refinery (India) Limited Q2 FY27 results

As filed: Revenue ₹1,847 cr (+74% year on year), EBITDA ₹288 cr (+300% year on year), PAT ₹186 cr (+300% year on year), EBITDA margin 15.6% (+945 bps).

The Q2 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q1 FY27: 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). Score 100 of 100, Above trend. Revenue, EBITDA and profit growth were well above the company's own trend. EBITDA margin rose 1000 bps year on year. Revenue grew on the previous quarter, against its usual seasonal pattern. Share price after the results: +6.0% in 30 days (Nifty 500: +1.7%).
  • 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.

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.