DBT Bureau
Pune, 24 Jan 2026
Gandhar Oil Refinery (India) Ltd a leading manufacturer of white oils by revenue, engaged in producing Pharmaceutical, Health Care, and Performance Oil (PHPO), Process Insulating Oil (PIO) and Lubricants, has announced its Financial Results for the quarter and nine months ended December 31, 2025.
Key Highlights:
✓ Consolidated Manufacturing Sales Volumes for 9MFY26 stood at 4,09,974 KL, up by 10% from 3,72,505 KL in 9MFY25
✓ Consolidated Revenues for the Q3FY26 at ₹ 1,167.0 Cr compared to ₹ 1,005.3 Cr in Q3 FY25, while for 9MFY26, it stood at 3,129.9 compared to 2,935.2 Cr in 9MFY25
✓ Consolidated EBITDA for Q3 FY26 stood at ₹59.1 Cr, up by 42% from ₹41.6 Cr in Q3 FY25. EBITDA for 9MFY26 stood at ₹170.9 Cr, compared to ₹142.1 Cr in 9MFY25
✓ Consolidated PAT for Q3 FY26 stood at ₹34.3 Cr, up by 68% from ₹20.4 Cr in Q3FY25, while for 9MFY26 stood at ₹100.2 Cr compared to 71.2 Cr in 9MFY25
✓ For 9MFY26, the consolidated revenue breakdown is as follows: PHPO leads with 50.0%, Lubricants account for 26.80%, Channel Partners contribute 13.70% and PIO represents 9.50%
Commenting on the Results, Aslesh Parekh, Joint Managing Director said, “We delivered a strong performance in Q3 FY26, supported by sustained domestic demand and our strategic focus on high-margin PHPO products. Despite global macroeconomic headwinds and logistical disruptions, we recorded sequential growth across all major financial indicators. Revenue for the quarter stood at ₹1,167 crore, reflecting a 16% increase year-on-year, while EBITDA rose 42% to ₹59.1 crore and PAT grew 68% to ₹34.3 crore. For the nine-month period, revenue reached ₹3,129.9 crore and EBITDA amounted to ₹170.9 crore, backed by manufacturing sales volumes of 4,09,974 KL, up 10% over last year. PHPO remained the leading contributor, accounting for 50% of total revenue, driven by strong traction in personal care and healthcare applications. Looking ahead, we remain optimistic about domestic demand and expect steady improvement in international logistics, further strengthening our confidence.”
