Gandhar Oil Refinery Q2 Results: Net profit jumps over 4-fold, revenue surges 73%

What happened

Gandhar Oil Refinery (India) Ltd reported second-quarter net profit of ₹186.3 crore, up from ₹40 crore a year earlier. Revenue rose 72.9% to ₹1,846.6 crore, and EBITDA rose to ₹288 crore from ₹66 crore.

Confirmed

Global impact / market context

A jump from ₹40 crore to ₹186.3 crore in net profit means the company kept far more of each sale as profit. EBITDA margin, which means profit before interest, taxes, depreciation and amortisation as a share of revenue, expanded to 15.6% from 6%, showing stronger pricing and cost control.

Analyst inference

The stock closed at ₹314.85, up ₹14.35 or 4.78% on the BSE, suggesting investors welcomed the results. The company also named Santosh Kumar Singh as factory manager of its Silvassa plant, a change in plant leadership that matters for oversight of commercial operations, tax compliance and stock management.

Analyst inference

What to watch

1. Santosh Kumar Singh becomes Factory Manager of the Silvassa plant effective October 27, 2026, on a full-time basis, after serving as Assistant General Manager – Commercial. Confirmed
2. Watch whether the 72.9% revenue growth and 15.6% EBITDA margin hold in coming quarters, since a repeat depends on sustained pricing and cost control rather than a one-off quarter. Analyst inference
3. Track whether the new factory manager keeps commercial records, GST compliance and inventory controls accurate at Silvassa, since errors there could raise costs or invite regulatory penalties. Analyst inference

Evidence

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