{"id":177984,"date":"2026-01-28T01:44:25","date_gmt":"2026-01-28T06:44:25","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=177984"},"modified":"2026-01-28T01:44:25","modified_gmt":"2026-01-28T06:44:25","slug":"gandhar-oil-refinery-india-limited-q3-fy26-performance-growth-trajectory-and-strategic-progress","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/gandhar-oil-refinery-india-limited-q3-fy26-performance-growth-trajectory-and-strategic-progress\/","title":{"rendered":"Gandhar Oil Refinery (India) Limited Q3 FY26 Performance, Growth Trajectory and Strategic Progress"},"content":{"rendered":"\n<p>Gandhar Oil Refinery (India) Limited (NSE:GANDHAR), announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, following approval by its Board of Directors on January 23, 2026.&nbsp; The results reflect steady operating performance, supported by the company\u2019s diversified product portfolio, strong export presence, and focus on consumer and healthcare end-markets.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Financial Performance &#8211; Q3 and 9M FY26<\/strong><\/h2>\n\n\n\n<p>For the quarter ended December 31, 2025 (Q3 FY26), Gandhar Oil reported:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue from operations: \u20b9922.60 crore<\/li>\n\n\n\n<li>Profit after tax (PAT): \u20b935.80 crore<\/li>\n\n\n\n<li>Earnings per share (EPS): \u20b93.66<\/li>\n<\/ul>\n\n\n\n<p>For the nine months ended December 31, 2025, performance scaled meaningfully:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue from operations: \u20b92,475.31 crore<\/li>\n\n\n\n<li>Profit after tax: \u20b994.27 crore<\/li>\n\n\n\n<li>EPS: \u20b99.63<\/li>\n\n\n\n<li>The nine-month results demonstrate cumulative growth over the quarterly run rate, reflecting volume expansion, sustained demand across end-industries, and operating leverage.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Manufacturing &amp; Sales Volume Trends (FY21 \u2013 9M FY26)<\/strong><\/h2>\n\n\n\n<p>Total Sales Volumes (kL):<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>FY21: 3,22,009<\/li>\n\n\n\n<li>FY23: 4,33,498<\/li>\n\n\n\n<li>FY25: 5,00,231<\/li>\n\n\n\n<li>9M FY26: 4,09,974<\/li>\n<\/ul>\n\n\n\n<p>Segment Volumes (9M FY26):<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>PHPO: 2,05,721 kL<\/li>\n\n\n\n<li>Lubricants: 95,797 kL<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Strategic Revenue Mix (9M FY26)<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>PHPO: 50%<\/li>\n\n\n\n<li>Lubricants: 26.8%<\/li>\n\n\n\n<li>Channel Partners: 13.7%<\/li>\n\n\n\n<li>PIO: 9.5%<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Market Leadership &amp; Global Presence<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Domestic Market Share: #1 in India, 26.5% in white oil.<\/li>\n\n\n\n<li>Global Ranking: Top 5 player globally, 9.6% market share.<\/li>\n\n\n\n<li>International Sales: 40.21% of revenue, sold in 100+ countries.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Business Mix and Growth Drivers<\/strong><\/h2>\n\n\n\n<p>Personal Care, Healthcare and Performance Oils (PHPO) remains the company\u2019s largest business division, contributing approximately 47.3% of consolidated revenue from finished goods sold in FY25. The PHPO segment has delivered strong long-term growth, driven by increasing penetration in consumer and healthcare applications, high customer stickiness, and stringent accreditation processes that create entry barriers.<\/p>\n\n\n\n<p>Exports continue to be a key growth pillar, contributing over 40% of consolidated revenue in FY25, supported by long-term relationships with global customers and suppliers.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Strategic Milestones and Achievements<\/strong><\/h2>\n\n\n\n<p>During the quarter, the Board approved:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>An interim dividend of \u20b90.75 per equity share for FY26, underscoring confidence in cash flows.<\/li>\n\n\n\n<li>Acquisition of land adjacent to the existing manufacturing facility, aligned with long-term expansion plans. Sale of a non-core immovable property in Mohali, Punjab, as part of asset rationalization.<\/li>\n\n\n\n<li>The company also continues to strengthen its R&amp;D capabilities, with DSIR-certified facilities and advanced testing infrastructure to support customized and high-value product development.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Summary and Outlook<\/strong> <\/h2>\n\n\n\n<p>In summary, Gandhar Oil Refinery Q3 and nine-month FY26 performance reflects stable revenue growth, healthy profitability, and disciplined capital management. The company&#8217;s leadership position in white oils, diversified end-market exposure, expanding global footprint, and strategic investments in capacity and R&amp;D position it well for sustainable long-term growth, while ongoing shareholder returns reinforce financial resilience.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gandhar Oil Refinery (India) Limited (NSE:GANDHAR), announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, following approval by its Board of Directors on January 23, 2026.&nbsp; The results reflect steady operating performance, supported by the company\u2019s diversified product portfolio, strong export presence, and focus on consumer [&hellip;]<\/p>\n","protected":false},"author":2378,"featured_media":171261,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5,1941,392,5753],"tags":[14860,11676,14609],"class_list":["post-177984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-stock-analysis","category-earnings","category-industrials","tag-oils","tag-refinery","tag-results"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/istockphoto-1430937059-612x612-1.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":177975,"url":"https:\/\/alphastreet.com\/india\/gandhar-oil-refinery-india-ltd-reports-strong-growth-in-q3-nine-months-fy26-strategic-expansion-and-interim-dividend-announced\/","url_meta":{"origin":177984,"position":0},"title":"Gandhar Oil Refinery (India) Ltd. Reports Strong Growth in Q3 &amp; Nine Months FY26; Strategic Expansion and Interim Dividend Announced","author":"Staff Correspondent","date":"January 28, 2026","format":false,"excerpt":"Gandhar Oil Refinery (India) Limited (NSE:GANDHAR), a leading manufacturer of specialty oils and petroleum products, has announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The board meeting, held on January 23, 2026, highlighted significant revenue growth, strategic land acquisitions for\u2026","rel":"","context":"In &quot;LATEST&quot;","block_context":{"text":"LATEST","link":"https:\/\/alphastreet.com\/india\/category\/latest\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":178121,"url":"https:\/\/alphastreet.com\/india\/gandhar-oil-q3-fy26-earnings-results\/","url_meta":{"origin":177984,"position":1},"title":"Gandhar Oil Q3 FY26 Earnings Results","author":"Divyansh_Kasana","date":"January 28, 2026","format":false,"excerpt":"Executive Summary Gandhar Oil Refinery (India) Ltd reported Q3FY26 revenues of \u20b91,167 crore, up 16.12% YoY, with consolidated net profit rising 70.0% to \u20b934 crore. 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Revenue & Growth Revenues grew to \u20b91,167.00 crore in Q3FY26 from \u20b91,005.00 crore\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/GAN.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/GAN.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/GAN.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/GAN.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/GAN.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/GAN.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":177980,"url":"https:\/\/alphastreet.com\/india\/gandhar-oil-refinery-india-ltd-strategic-analysis-of-a-global-specialty-oil-powerhouse\/","url_meta":{"origin":177984,"position":2},"title":"Gandhar Oil Refinery (India) Ltd Strategic Analysis of A Global Specialty Oil Powerhouse","author":"Staff Correspondent","date":"January 28, 2026","format":false,"excerpt":"Gandhar Oil Refinery (India) Limited (NSE:GANDHAR), has established itself as India's largest white oil player and a dominant force in the global specialty oils industry. Under the visionary leadership of Founder and CMD Ramesh Parekh, who brings 30 years of industry experience, the company has scaled significantly to become one\u2026","rel":"","context":"In &quot;LATEST&quot;","block_context":{"text":"LATEST","link":"https:\/\/alphastreet.com\/india\/category\/latest\/"},"img":{"alt_text":"Tata","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/istockphoto-1430937059-612x612-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/istockphoto-1430937059-612x612-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/istockphoto-1430937059-612x612-1.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":176359,"url":"https:\/\/alphastreet.com\/india\/gandhar-oil-refinery-india-limited-gandhar-q2-2025-earnings-call-transcript\/","url_meta":{"origin":177984,"position":3},"title":"Gandhar Oil Refinery (India) Limited (GANDHAR) Q2 2025 Earnings Call Transcript","author":"News desk","date":"January 22, 2026","format":false,"excerpt":"Gandhar Oil Refinery (India) Limited (NSE: GANDHAR) Q2 2025 Earnings Call dated Nov. 07, 2024 Corporate Participants: Aslesh Parekh \u2014 Joint Managing Director Indrajit Bhattacharyya \u2014 Chief Financial Officer Analysts: Siddhesh Dharmadhikari \u2014 Analyst Narendra \u2014 Analyst Dakshay Parwani \u2014 Analyst Anoushka Roy \u2014 Analyst Bhavesh Patel \u2014 Analyst Mohammed\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":178237,"url":"https:\/\/alphastreet.com\/india\/gandhar-oil-refinery-india-limited-gandhar-q3-2026-earnings-call-transcript\/","url_meta":{"origin":177984,"position":4},"title":"Gandhar Oil Refinery (India) Limited (GANDHAR) Q3 2026 Earnings Call Transcript","author":"News desk","date":"January 28, 2026","format":false,"excerpt":"Gandhar Oil Refinery (India) Limited (NSE: GANDHAR) Q3 2026 Earnings Call dated Jan. 28, 2026 Corporate Participants: Aslesh Parekh \u2014 Joint Managing Director Indrajit Bhattacharyya \u2014 Chief Financial Officer Analysts: Ayushi Gupta \u2014 Analyst Rohit Balakrishnan \u2014 Analyst Ritesh Poladia \u2014 Analyst Bhavesh Patel \u2014 Analyst Raheel S \u2014 Analyst\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":177092,"url":"https:\/\/alphastreet.com\/india\/hpcl-reports-q3-fy26-profit-of-%e2%82%b92229-crore-revenue-of-%e2%82%b91-12-trillion\/","url_meta":{"origin":177984,"position":5},"title":"HPCL reports Q3 FY26 profit of \u20b92,229 crore, revenue of \u20b91.12 trillion","author":"Staff Correspondent","date":"January 22, 2026","format":false,"excerpt":"Hindustan Petroleum Corporation Ltd (BSE: 500104 \/ NSE: HINDPETRO) reported consolidated profit after tax of \u20b92,229 crore for the quarter ended December 2025, compared with \u20b95,317 crore in the same period a year earlier, according to its quarterly financial results. 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