Gandhar Oil Refinery (India) Ltd Quarterly Results, Profit & Loss, Balance Sheet (GANDHAR) | Stocksigma

Gandhar Oil Refinery (India) Ltd (GANDHAR) Financials - Quarterly Results, Profit & Loss, Balance Sheet, Cash Flow

Gandhar Oil Refinery (India) Ltd reported sales of ₹1,847 Cr, operating profit of ₹288 Cr (OPM 16%) and net profit of ₹186 Cr for the quarter ended Sep 2026. Figures in ₹ crore, consolidated where available.

GANDHAR quarterly results (₹ Cr)
Metric	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	1,005	962	903	1,068	1,167	1,093	1,732	1,847
Expenses	964	928	857	1,002	1,108	1,030	1,451	1,559
Operating Profit	42	34	46	66	59	64	281	288
OPM	4.1%	3.5%	5%	6%	5%	6%	16%	16%
Other Income	2	4	3	3	4	4	3	-18
Interest	10	14	10	10	10	8	13	13
Depreciation	6	7	7	7	7	8	8	8
Profit before tax	27	17	32	51	45	52	264	248
Tax	24%	27%	18%	22%	24%	29%	22%	25%
Net Profit	20	12	26	40	34	37	206	186
EPS in Rs	1.98	1.19	2.68	3.68	3.31	4.16	19.65	17.87

GANDHAR profit & loss, annual (₹ Cr)
Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	3,543	4,079	4,113	3,897	4,241	5,839
Expenses	3,296	3,762	3,833	3,720	4,004	5,147
Operating Profit	247	317	280	176	237	692
OPM	7%	8%	7%	4.5%	6%	12%
Other Income	26	24	10	13	13	-8
Interest	33	52	59	49	40	44
Depreciation	15	17	20	26	30	31
Profit before tax	225	272	210	114	181	609
Tax	27%	21%	21%	27%	24%	-
Net Profit	164	214	165	84	137	464
EPS in Rs	18.42	23.86	14.36	8.18	13.83	44.99
Dividend Payout	0%	2%	3%	6%	5%	-

GANDHAR balance sheet (₹ Cr)
Metric	Mar 2024	Mar 2025	Sep 2025	Mar 2026	Sep 2026
Equity Capital	20	20	20	20	20
Reserves	1,153	1,217	1,270	1,333	1,680
Borrowings	271	305	331	315	233
Other Liabilities	497	418	575	558	1,009
Total Liabilities	1,940	1,959	2,197	2,225	2,942
Fixed Assets	361	450	456	498	503
CWIP	9	8	32	29	40
Investments	0	0	3	3	6
Other Assets	1,570	1,501	1,706	1,695	2,392
Total Assets	1,940	1,959	2,197	2,225	2,942

GANDHAR cash flows (₹ Cr)
Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	167	88	-69	15	128
Cash from Investing Activity	-116	-72	-66	-48	-62
Cash from Financing Activity	-4	-29	160	13	-88
Net Cash Flow	47	-13	25	-21	-22
Free Cash Flow	51	32	-125	15	128
CFO/OP	90%	47%	-8%	26%	69%
CFO/EBITDAShare of operating profit converting into cash: CFO (before tax) / Operating Profit	90	47	-8	26	69

GANDHAR ratios
Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	46	50	55	63	62
Inventory Days	40	47	46	50	64
Days Payable	63	59	38	34	43
Cash Conversion Cycle	22	38	63	79	83
Working Capital Days	19	33	58	77	78
ROCE	39%	37%	22%	11%	13%