Board Meeting Details
The Board of Directors meeting was held on Tuesday, October 27, 2026, from 03:00 p.m. to 05:00 p.m.
Key Decisions Approved
1. Financial Results Approval
The Board approved the Un-audited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026.
2. Management Appointment
Appointed Mr. Santosh Kumar Singh as Factory Manager of the Silvassa plant effective October 27, 2026.
Standalone Financial Results (₹ in Crore)
Quarterly Performance (Q2 FY2027)
- Revenue from operations: ₹1,729.92 (Q1 FY2027: ₹1,591.05, Q2 FY2026: ₹815.47)
- Total Income: ₹1,733.50 (Q1 FY2027: ₹1,594.47, Q2 FY2026: ₹818.99)
- Total Expenses: ₹1,487.37 (Q1 FY2027: ₹1,358.11, Q2 FY2026: ₹775.46)
- Profit before exceptional items and tax: ₹246.13 (Q1 FY2027: ₹236.36, Q2 FY2026: ₹43.53)
- Exceptional Items: ₹21.29 (relating to flood losses at Silvassa unit)
- Profit before tax: ₹224.84 (Q1 FY2027: ₹236.36, Q2 FY2026: ₹43.53)
- Total tax expense: ₹61.73
- Profit for the period: ₹163.11 (Q1 FY2027: ₹178.82, Q2 FY2026: ₹32.22)
- Other Comprehensive Income: ₹0.13
- Total Comprehensive Income: ₹163.24
- Basic EPS: ₹16.66 (Q1 FY2027: ₹18.27, Q2 FY2026: ₹3.29)
- Diluted EPS: ₹16.66
Half-Yearly Performance (H1 FY2027)
- Revenue from operations: ₹3,320.97 (H1 FY2026: ₹1,560.91)
- Total Income: ₹3,327.96 (H1 FY2026: ₹1,567.64)
- Total Expenses: ₹2,845.48 (H1 FY2026: ₹1,492.28)
- Profit before exceptional items and tax: ₹482.48 (H1 FY2026: ₹75.36)
- Exceptional Items: ₹21.29
- Profit before tax: ₹461.19 (H1 FY2026: ₹75.36)
- Total tax expense: ₹119.26
- Profit for the period: ₹341.93 (H1 FY2026: ₹58.45)
- Other Comprehensive Income: ₹(0.08)
- Total Comprehensive Income: ₹341.85
- Basic EPS: ₹34.93 (H1 FY2026: ₹5.97)
- Diluted EPS: ₹34.93
Balance Sheet Position (as of September 30, 2026)
- Total Assets: ₹2,669.13 (March 31, 2026: ₹1,862.06)
- Equity Share Capital: ₹19.58 (unchanged)
- Other Equity: ₹1,603.17 (March 31, 2026: ₹1,280.72)
- Total Equity: ₹1,622.75 (March 31, 2026: ₹1,300.30)
- Total Liabilities: ₹1,046.38 (March 31, 2026: ₹561.76)
Cash Flow Highlights (H1 FY2027)
- Cash from operating activities: ₹232.93
- Cash used in investing activities: ₹(28.40)
- Cash from financing activities: ₹14.95
- Net increase in cash: ₹10.40
- Cash and equivalents at period end: ₹14.85
Consolidated Financial Results (₹ in Crore)
Quarterly Performance (Q2 FY2027)
- Revenue from operations: ₹1,846.56 (Q1 FY2027: ₹1,731.93, Q2 FY2026: ₹1,068.11)
- Total Income: ₹1,849.54 (Q1 FY2027: ₹1,734.95, Q2 FY2026: ₹1,071.06)
- Profit before tax and exceptional items: ₹269.38 (Q1 FY2027: ₹263.76, Q2 FY2026: ₹51.03)
- Exceptional Items: ₹21.29
- Profit before tax: ₹248.09 (Q1 FY2027: ₹263.76, Q2 FY2026: ₹51.14)
- Total tax expense: ₹61.81
- Profit for the period: ₹186.28 (Q1 FY2027: ₹205.89, Q2 FY2026: ₹39.77)
- Basic EPS: ₹17.87 (Q1 FY2027: ₹19.65, Q2 FY2026: ₹3.68)
- Diluted EPS: ₹17.87
Subsidiary Financials (H1 FY2027)
- Texol Lubritech FZC: Revenue ₹279.09 crore, PAT ₹50.05 crore
- Gandhar Foundation: Revenue ₹2.17 crore, PAT ₹0.06 crore
- Gandhar Lifesciences: Revenue ₹1.73 crore, PAT ₹0.16 crore
Exceptional Items Disclosure
The exceptional item of ₹21.29 crore represents provision for loss of stock/contaminated stock and repair cost due to floods at the Silvassa unit. The insurance claim has not been recognized as income as the required level of certainty has not been achieved.
Management Appointment Details
- Name: Mr. Santosh Kumar Singh
- Position: Factory Manager of Silvassa Plant
- Effective Date: October 27, 2026
- Employee Code: 1308
- Experience: Joined company on March 1, 2002; currently serving as Assistant General Manager - Commercial with extensive experience in commercial operations, GST compliance, inventory management, vendor coordination, and administrative functions.
Segment Information
The company has only one reportable segment "petroleum products/specialty oils" as per Ind AS 108.