Gandhar Oil Refinery (India) Limited (GANDHAR) — Financial Results Announcement
Gandhar Oil Refinery reported Q4 FY26 revenue of **₹1,093 crores**, up 14% YoY, and full-year revenue of **₹4,241 crores**, up 9% YoY, with PAT of **₹37 crores** in Q4 and **₹137 crores** for the year. EBITDA stood at **₹64 crores** in Q4, reflecting margin resilience amid geopolitical risks and rupee depreciation tailwinds. Export revenue contributed 42.8% of total, supported by stable domestic demand and favorable trade conditions. Management highlighted volume growth, index-linked pricing, and incremental capex plans to expand capacity, targeting 125% utilization at Sharjah. Gross margin improved to 12.49% in Q4, driven by cost optimization and mix, while ROCE and ROE remained stable at 13.5% and 10.21%. Forward guidance includes phased capex deployment over the next 2-3 quarters and cautious optimism on Sharjah normalization. Investor takeaway: The company is capitalizing on export growth and pricing power to sustain margin expansion despite macro volatility.
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About Gandhar Oil Refinery (India) Limited (GANDHAR)
Oil Gas & Consumable Fuels · Petroleum Products · Listed on NSE
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