GP Petroleums FY26 Net Profit Rises to ₹264.7 Crore

The Board of Directors at its meeting held on May 27, 2026 (commenced at 14:00, concluded at 17:00) approved:

Audited Financial Results:

Standalone and Consolidated Financial Results for quarter and year ended March 31, 2026
Includes Statement of Assets and Liabilities and Cash Flow Statement
Statutory Auditors: M/s. J Mandal & Co. LLP, Chartered Accountants
Unmodified audit opinion received on both standalone and consolidated results

Key Financial Figures (Standalone - Year Ended March 31, 2026):

Total Income: ₹64,828.87 lakhs (₹64,261.09 from operations + ₹567.78 other income)
Profit Before Exceptional Items and Tax: ₹3,859.85 lakhs
Exceptional Items: ₹326.33 lakhs (related to Labour Code implementation)
Profit Before Tax: ₹3,533.52 lakhs
Tax Expense: ₹886.03 lakhs (Current Tax ₹958.21 lakhs, Prior Year Adjustment ₹(8.60) lakhs, Deferred Tax ₹(63.58) lakhs)
Profit After Tax: ₹2,647.49 lakhs
Other Comprehensive Income: ₹(43.52) lakhs
Total Comprehensive Income: ₹2,603.97 lakhs
Earnings Per Share (Basic): ₹5.19
Paid-up Equity Share Capital: ₹2,549.22 lakhs (Face Value ₹5 each)
Reserves: ₹32,952.25 lakhs

Key Financial Figures (Consolidated - Year Ended March 31, 2026):

Includes joint venture company Amron Oil Resources Private Limited
Company's share of joint venture loss: ₹0.10 lakhs (recognized only to extent of investment carrying amount)
Profit figures largely consistent with standalone results

Re-appointments approved:

Both appointments based on recommendation of Audit Committee. Brief profiles of auditors provided in Annexure-III.

Senior Management Personnel:

Mr. Ashish Garg appointed as Vice President - Operations & Supply Chain Management as Senior Management Personnel w.e.f. May 27, 2026

Appointments:

Mr. Dilip U Vaswani elevated from Senior Advisor (SMP) to Additional, Non-Executive Director w.e.f. May 27, 2026 (subject to shareholder approval)
Mr. Sukumaran Jeyakrishnan appointed as Additional Non-Executive Independent Director for two years from May 27, 2026 (subject to shareholder approval)

Resignation:

Mrs. Deepa Goel resigned as Non-Executive Director effective close of business hours on May 27, 2026 due to personal reasons and professional commitments

All appointments based on recommendation of Nomination and Remuneration Committee.

Land Acquisition:

Proposal approved for acquisition of adjoining land to company warehouse at Raliawas, Haryana
Seller: Aspam Caravan Logistics Parks Private Limited (related party due to common directorship with Mrs. Deepa Goel)
Land details: Agricultural land ~8.0625 Acres, Khasra Nos. 2/2, 13, 7/2, 14, 17/1, 17/2, 18, 24/1, 24/4, 2Min, 3/2Min, 8/1 & 9/1
Total consideration: ₹19 Crore
Advance payment: ₹1 Crore upon acceptance of offer
Purpose: Expansion of warehousing, storage and logistics infrastructure
Transaction at arm's length basis, supported by independent valuation report
No special rights or share issuance involved

Labour Code Implementation Impact:

Government of India notified new Labour Codes on November 21, 2025
Company recognized incremental employee benefit liability of ₹194.82 lakhs in Q3 FY26 (unaudited)
Additional incremental liability of ₹131.50 lakhs recognized in Q4 FY26 based on actuarial valuation
Total exceptional item of ₹326.33 lakhs recognized in FY26 financial statements

Joint Venture Accounting:

Company entered Joint Venture Agreement dated May 08, 2025 with West Coast Oils LLP
Acquired 50% shareholding each in Amron Oil Resources Private Limited
Joint venture engaged in trading of all grades of bitumen
Joint venture commenced operations in FY 2025-26 and incurred total loss of ₹60.01 lakhs
Company's investment in joint venture: ₹0.10 lakh
Share of loss recognized only to extent of investment carrying amount (reduced to Nil)

Manufacturing Segment:

Trading Segment:

Standalone Cash Flows (FY26):