Key Financial Performance - Q1 FY27 (Consolidated)

Quarterly Comparison (₹ Crore)

| Particulars | Q1FY27 | Q4FY26 | QoQ Change | Q1FY26 | YoY Change |

| Revenue from Operations | 1,731.9 | 1,093.4 | 58.4% | 903.0 | 91.8% |

| Gross Profit | 370.5 | 136.5 | 171.4% | 101.2 | 266.0% |

| EBITDA | 281.3 | 63.6 | 342.6% | 46.0 | 512.1% |

| Profit Before Tax | 263.8 | 52.5 | 402.6% | 31.8 | 730.0% |

| Profit After Tax | 205.9 | 37.0 | 455.7% | 26.1 | 689.2% |

| EPS (₹) | 19.7 | 4.2 | 372.8% | 2.7 | 633.2% |

Operational Metrics

  • Gross Margin Spread: ₹28,145 per kl (3.4x increase YoY from Q1 FY26)
  • Total Volumes: 131,449 kl (8% increase YoY)
  • Finance Cost: ₹12.7 crore
  • Tax Expense: ₹57.9 crore
  • Other Income: ₹3.0 crore
  • Depreciation: ₹7.8 crore

Business Performance Highlights

The company achieved its highest-ever quarterly net profit, crossing ₹200 crore, driven by:

  • Healthy revenue growth and robust gross margin spreads
  • Agile sourcing and prudent inventory management
  • Favorable product mix
  • Healthy demand across key end-user industries

Segment Performance

  • PHPO Segment: Continued to anchor growth with sustained demand from personal care, healthcare, and pharmaceutical sectors
  • PIO Business: Encouraging traction reflecting healthy demand across transformer, power & rubber manufacturers
  • Lubricants Segment: Growth remained stable, contributing meaningfully to diversified business mix
  • Channel Partners: Contributed 10% of Q1FY27 Revenue

Manufacturing and Capacity

  • Total installed capacity: 597,403 kl across three plants
  • Taloja, Maharashtra: Operating near ~100% utilization
  • Silvassa: Houses DSIR-recognised R&D centre
  • Sharjah, UAE (Texol Lubritech): Overseas manufacturing base
  • Adequate land available at all plants for further capacity expansion

Certifications and Approvals

  • WHO-GMP Certified by FSSAI
  • Kosher
  • US FDA
  • ISO-certified
  • Halal

Geographical Reach

  • Serving 100+ countries
  • India: Core market with ~26.5% white-oil market share
  • Middle East & Africa: Manufacturing facility in Middle East, planned entry into South Africa
  • Asia-Pacific & Americas: Growth runways, US being developed
  • Europe & new geographies: Indonesia, Europe and US identified as future expansion markets

Dividend Declaration

  • Declared Interim Dividend: 100% of Face Value

Historical Financial Performance (Consolidated)

Annual Profit & Loss (₹ Crore)

| Particulars | FY23 | FY24 | FY25 | FY26 |

| Revenue from Operations | 4,079.0 | 4,113.2 | 3,896.9 | 4,241.2 |

| Gross Profit | 522.8 | 493.0 | 427.1 | 487.1 |

| EBITDA | 316.2 | 278.7 | 175.6 | 234.5 |

| Profit After Tax | 213.9 | 165.3 | 83.5 | 137.2 |

| EPS (₹) | 2.4 | 1.6 | 8.2 | 13.8 |

Balance Sheet Position (₹ Crore)

| Particulars | FY23 | FY24 | FY25 | FY26 |

| Total Assets | 1,631.8 | 1,940.0 | 1,959.1 | 2,225.3 |

| Total Equity | 778.3 | 1,223.6 | 1,288.9 | 1,399.6 |

| Current Assets | 1,255.1 | 1,552.1 | 1,489.5 | 1,673.1 |

| Inventories | 450.9 | 447.7 | 462.7 | 644.3 |

| Trade Receivables | 561.8 | 623.3 | 670.4 | 720.9 |

| Cash & Cash Equivalents | 46.8 | 71.4 | 50.6 | 28.2 |

Management Commentary

Mr. Aslesh Parekh, Joint Managing Director, stated that the record performance was achieved despite operating in a dynamic and challenging external environment shaped by geopolitical developments in West Asia, crude oil price volatility, and periodic supply chain disruptions.

The company remains watchful of global macroeconomic developments and geopolitical uncertainties but notes that the underlying demand environment continues to remain encouraging.

Future Growth Opportunities

  • Deepen Consumer & Healthcare segments
  • Expand across geographies (Indonesia, Europe, US, South Africa)
  • Expand contract manufacturing of finished products
  • Broaden product & solutions portfolio
  • Capacity expansion using available land at all plants

ESG Initiatives

  • Cut CO2 emissions by 12.5 lakh kg
  • Manufactured eco-friendly, GreenPro-certified specialty oils
  • Achieved Zero Liquid Discharge (ZLD) across plants
  • Community welfare through Gandhar Foundation
  • Maintained ISO 9001, 14001, and 45001 certifications