GANDHAR Gandhar Oil Refinery (India) Q3 FY26 results (Oct–Dec 2025) and concall
Gandhar Oil Refinery reported a strong Q3 FY26 with consolidated revenue of INR 1,167 crores, up 16% YoY, and PAT of INR 34 crores. The company's 9M FY26 revenue reached INR 3,130 crores, with overseas sales contributing 45%. Management expressed optimism about increasing EBITDA margins, high single-digit growth in the PHPO segment, and improved gross margins, despite some moderation in PAT from the previous quarter and ongoing ramp-up at the Sharjah plant.
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What they filed
Q3 FY26: revenue up 16.1%, net profit up 70.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 935 | 1,005 | 962 | 903 | 1,060 +13% | 1,167 +16% |
| EBITDA | 40 | 42 | 34 | 46 | 66 +65% | 59 +40% |
| Net profit | 18 | 20 | 12 | 26 | 40 +122% | 34 +70% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.





