What drove the 201% profit increase in the March quarter?

The profit surge was driven by a combination of higher-margin product sales and improved operating efficiencies. EBITDA for the quarter also rose 88% to ₹63.6 crore.

How much did the PHPO segment contribute to total revenue?

The PHPO segment accounted for 48% of total revenue. This segment is supported by steady demand from the personal care and healthcare sectors.

What were the full-year results for FY26?

Gandhar Oil reported a profit after tax of ₹137.2 crore for the full year, representing a 64% increase. Total revenue for the year stood at ₹4,241 crore.

Did manufacturing volumes grow during the year?

Yes, manufacturing sales volumes grew 9% to 5,45,755 kilolitres for the full financial year.

Earnings · Oil & Gas · Small cap

Gandhar Oil profit jumps 201% in Q4 as margins widen

A focus on higher-margin products helped Gandhar Oil lift quarterly profit to ₹37 crore, capping a year where net earnings grew 64%.

— 1 earlier story on Gandhar Oil Refinery (India) Ltd. →

GANDHAR 26 May 2026 · 10:11 PM IST Verify on BSE · NSE

Mkt cap₹1,644 cr

P/E15.46×

ROE6.47%

Debt / eq.0.15

Div yld0.29%

201% Year-on-year surge in consolidated net profit for Q4 FY26.

What's new

Q4 net profit hit ₹37 crore, up 201% from the year-ago period.
Quarterly revenue climbed 14% to ₹1,093 crore.
Full-year profit reached ₹137.2 crore on revenue of ₹4,241 crore.

Why this matters

The triple-digit profit growth signals that Gandhar's shift toward higher-margin products is yielding results. With the PHPO segment now accounting for nearly half of total revenue, the company's reliance on personal care and healthcare demand is its primary engine.

What we're watching

Whether the 88% EBITDA growth in Q4 proves sustainable in FY27.
Volume growth trends in the PHPO segment.
Operating efficiency gains as the company scales manufacturing.

The full read

Gandhar Oil Refinery closed FY26 with a 64% jump in annual profit to ₹137.2 crore. The momentum accelerated in the final quarter, where net profit surged 201% to ₹37 crore on revenue of ₹1,093 crore. This quarterly revenue represents a 14% year-on-year increase. The company attributes the performance to a shift toward higher-margin products and better operating efficiency. EBITDA for the quarter rose 88% to ₹63.6 crore. The PHPO segment remains the anchor, contributing 48% of total revenue, fueled by demand from the personal care and healthcare sectors. Manufacturing volumes for the year grew 9% to 5,45,755 kilolitres. While these figures confirm a strong finish to the year, the challenge for the next cycle is maintaining these margins as the company scales its output.

Questions answered

What drove the 201% profit increase in the March quarter?: The profit surge was driven by a combination of higher-margin product sales and improved operating efficiencies. EBITDA for the quarter also rose 88% to ₹63.6 crore.
How much did the PHPO segment contribute to total revenue?: The PHPO segment accounted for 48% of total revenue. This segment is supported by steady demand from the personal care and healthcare sectors.
What were the full-year results for FY26?: Gandhar Oil reported a profit after tax of ₹137.2 crore for the full year, representing a 64% increase. Total revenue for the year stood at ₹4,241 crore.
Did manufacturing volumes grow during the year?: Yes, manufacturing sales volumes grew 9% to 5,45,755 kilolitres for the full financial year.

Mentioned: Gandhar Oil Refinery

Primary source BSE · NSE

An independent reading of the company's own disclosure — the primary filing above is the final word.

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26 May 2026 · 10:11 PM IST Gandhar Oil profit jumps 201% in Q4 as margins widen
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