Home / Business and Economy / Gandhar Oil Shares Hit 20% Upper Circuit on Strong Q1 Performance
Gandhar Oil Shares Hit 20% Upper Circuit on Strong Q1 Performance
23 Jul
Summary
- Gandhar Oil's Q1FY27 profit surged to Rs 179 crore, a significant increase from the previous quarter.
- The company announced an interim dividend of Rs 2 per equity share for FY27.
- Strong performance driven by PHPO segment demand and prudent management.
Gandhar Oil Refinery (India) shares experienced a significant boost, hitting a 20% upper circuit on July 23. This surge followed the company's announcement of a robust financial performance for the June quarter of fiscal year 2027.
On a standalone basis, Gandhar Oil reported a net profit of Rs 179 crore for the June quarter, a substantial increase compared to Rs 44.13 crore in the preceding quarter. Revenue also saw a sharp rise, reaching Rs 1,591 crore in Q1FY27 from Rs 929 crore in Q4FY26. The company's EBITDA climbed to Rs 249.2 crore, with an improved EBITDA margin of 15.7%.
The company's board further declared an interim dividend of Rs 2 per equity share for FY27, with July 31, 2026, set as the record date. This positive financial update occurred amidst a challenging global operating environment.
Company leadership attributed the strong quarterly results to agile sourcing, efficient inventory management, and a favorable product mix. The PHPO (Personal Care, Healthcare, Pharmaceutical) segment was identified as the primary growth driver, supported by strong demand. The PIO (Industrial Oils) business also showed encouraging traction, particularly from transformer and power manufacturers, while the Lubricants segment maintained stable contributions.
