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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Gandhar Oil Refinery (India) Ltd

Gandhar Oil Refinery Q2 FY27 Consolidated Revenue Hits ₹1,847 Crore, Up 73% YoY

RESULTS ▲ Positive Development LOW RISK
📅 Filed on BSE: 27 Oct 2026, 06:45 PM IST  ·  BSE ID: eabcf763-84a9-4a54-a163-b620b28f70ce
View Original BSE Filing (PDF)
💡
In Simple Terms
Gandhar Oil Refinery achieved its highest-ever quarterly sales of ₹1,847 Cr, with profits rising significantly for the quarter.
🤖 AI Summary
  • Gandhar Oil Refinery (India) Ltd reported highest-ever quarterly consolidated revenue of ₹1,847 Cr for Q2 FY27.
  • Consolidated Profit After Tax for Q2 FY27 increased to ₹186.3 Cr, a 368% growth year-on-year.
  • Half-year (H1 FY27) consolidated revenue reached ₹3,211 Cr, with Profit After Tax at ₹392.9 Cr.
  • Gross Margin Spread was sustained at ₹29,128 per kl, representing a 3.0x year-on-year increase.
  • CRISIL reaffirmed A+/Stable and A1 ratings, with rated bank facilities enhanced to ₹1,014 crore.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Q2 FY27 Consolidated Revenue from Operations
₹1,847 Cr
+73%
Q2 FY27 Consolidated EBITDA
₹204 Cr
+368%
Q2 FY27 Consolidated Profit After Tax
₹186.3 Cr
+386%
H1 FY27 Consolidated Revenue from Operations
₹3,211 Cr
+82%
H1 FY27 Consolidated Profit After Tax
₹392.9 Cr
+495%
Gross Margin Spread
₹29,128 per kl
3.0x year-on-year
🏢 How This Affects the Company
📈
Business Impact
The company's revenue reached its highest quarterly level, ₹1,847 Cr, indicating strong sales performance and market demand for its specialty oils and lubricants. PIO volumes grew 23% year-on-year for H1 FY27, driven by demand from transformer, power, and rubber industries.
💰
Financial Impact
Consolidated Profit After Tax for Q2 FY27 increased by 368% to ₹186.3 Cr. H1 FY27 Profit After Tax stood at ₹392.9 Cr, demonstrating enhanced profitability and strong internal accruals. Rated bank facilities were enhanced to ₹1,014 crore, strengthening financial flexibility.
⚙️
Operational Impact
Operations at the Silvassa Unit No. 2 were restored in early August 2026 after July rainfall and flooding disruption. A debottlenecking program was completed during the quarter, strengthening operating capacity.
⚠️
Risk Impact
The company cited operational challenges due to geopolitical developments in West Asia impacting base oil availability, pricing, and shipping logistics. Its diversified supplier base and supply-chain management helped maintain continuity of supply.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this financial results disclosure.
👤
Who Is Affected
All shareholders are affected as the company reported substantial increases in consolidated revenue and profit after tax for Q2 and H1 FY27, signaling improved financial health.
🔍
Management Signal
The management's focus on operational resilience, disciplined procurement, inventory management, and capacity expansion indicates a strategy for sustained profitable growth and market position strengthening.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Q3 FY27 results — evaluate if revenue sustains above ₹1,800 Cr.
Future updates on capacity expansion plans.
Further details on product mix changes and customer engagement.
LOW RISK Strong financial performance and reaffirmed credit ratings mitigate immediate risks despite geopolitical operational challenges.
💡 Investor Takeaway
Gandhar Oil Refinery reported Q2 FY27 consolidated revenue at ₹1,847 Cr, up 73% YoY, achieving its highest-ever quarterly revenue. Consolidated Profit After Tax for Q2 FY27 was ₹186.3 Cr, a 368% increase YoY, reflecting strong operational performance and profitability.
⚖️ Strengths & Concerns

✅ Positives

  • Consolidated Revenue from Operations for Q2 FY27 reached ₹1,847 Cr, marking the highest-ever quarterly revenue and a 73% increase YoY.
  • Consolidated Profit After Tax for H1 FY27 stood at ₹392.9 Cr, an increase of 495% from H1 FY26's ₹66.2 Cr.

⚠️ Concerns

  • Manufacturing Sales Volumes for Lubricants in H1 FY27 decreased to 62,780 kl from 63,848 kl in H1 FY26.
  • Manufacturing Sales Volumes for Channel Partners in H1 FY27 decreased to 33,680 kl from 37,341 kl in H1 FY26.
📅 Company Track Record
Gandhar Oil Refinery's Q1 FY27 consolidated PAT reached ₹206 Cr, up 689% YoY, representing its highest-ever quarterly profit. The Q1 FY27 standalone net profit was Rs. 178.82 Crore, with an interim dividend of Rs. 2 declared.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was Gandhar Oil Refinery's consolidated revenue for Q2 FY27?
Gandhar Oil Refinery's consolidated Revenue from Operations for Q2 FY27 was ₹1,847 Cr, representing a 73% increase year-on-year.
What was Gandhar Oil Refinery's consolidated Profit After Tax for Q2 FY27?
The consolidated Profit After Tax for Gandhar Oil Refinery in Q2 FY27 was ₹186.3 Cr, an increase of 386% compared to Q2 FY26.
What was the Gross Margin Spread for Gandhar Oil Refinery in Q2 FY27?
The Gross Margin Spread was sustained at ₹29,128 per kl in Q2 FY27, which is 3.0x year-on-year and in line with Q1 FY27.
What were the H1 FY27 consolidated financials for Gandhar Oil Refinery?
For H1 FY27, Gandhar Oil Refinery reported consolidated Revenue from Operations of ₹3,211 Cr and consolidated Profit After Tax of ₹392.9 Cr.
What are Gandhar Oil Refinery's credit ratings?
CRISIL reaffirmed Gandhar Oil Refinery's A+/Stable and A1 ratings, with rated bank facilities increased to ₹1,014 crore.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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