Financial Performance Highlights (Consolidated)
Q1 FY27 vs Q1 FY26 Comparison:
- Highest-ever quarterly net profit: ₹206 crore
- Revenue growth: 92% year-on-year to ₹1,732 crore
- Gross Margin Spread: Expanded 3.4x year-on-year to ₹28,145 per kl
- Volume growth: 8% year-on-year to 1,31,449 kl
Manufacturing Volume Breakdown (in kl)
| Product Category | Q1 FY27 | Q1 FY26 |
| PHPO | 68,815 | 58,379 |
| Lubricants | 30,073 | 30,482 |
| PIO | 17,998 | 14,085 |
| Channel Partners | 14,360 | 18,787 |
| Total Manufacturing | 1,31,247 | 1,21,733 |
Corporate Action
- Declared Interim Dividend: 100% of Face Value
Management Commentary
Mr. Aslesh Parekh, Joint Managing Director, stated that this was the strongest quarter in company history with record profitability crossing ₹200 crore. The performance was driven by healthy revenue growth and robust gross margin spreads despite operating in a dynamic and challenging external environment.
Key factors contributing to performance:
- Agile sourcing practices
- Prudent inventory management
- Favorable product mix
- Healthy demand across key end-user industries
- Sustained momentum across product categories
- Focus on value-added offerings
- Efficient procurement practices
- Cost optimization initiatives
Segment Performance:
- PHPO segment: Continued growth driven by sustained demand from personal care, healthcare, and pharmaceutical sectors
- PIO business: Encouraging traction reflecting healthy demand from transformer, power & rubber manufacturers
- Lubricants segment: Stable growth contributing to diversified business mix
- Export presence: Growing export presence and stronger engagement with marquee customers
Operating Environment Challenges:
- Geopolitical developments in West Asia
- Crude oil price volatility
- Periodic supply chain disruptions
Outlook: While watchful of global macroeconomic developments and geopolitical uncertainties, the underlying demand environment remains encouraging. The company remains confident in its ability to sustain profitable growth with strong business foundation, customer-centric approach, and focus on operational excellence.
Company Background
Gandhar Oil Refinery (India) Limited is a leading manufacturer of white oils by revenue with growing focus on consumer and healthcare end-industries. The company produces specialty oils and lubricants including White oils, waxes, jellies, automotive oils, industrial oils, transformer oils and rubber processing oils under the flagship brand "Divyol".