Synopsis:
A number one white oil inventory surged over 12 p.c on Thursday after reporting a powerful Q2FY26 efficiency, with web revenue up 122 p.c year-on-year. Investor optimism was supported by sequential development throughout key metrics and a strong shopper base together with Emami, Adani, and different main home and worldwide gamers.
A white oil inventory surged over 12 p.c on Thursday after reporting a strong Q2FY26 efficiency, with web revenue rising 122 p.c year-on-year. Investor sentiment was boosted by sequential development throughout key metrics and powerful demand for high-margin Private Care, Well being Care, and Efficiency Oil (PHPO) merchandise, supported by a diversified shopper base that features Emami, Adani, and different main home and worldwide firms.
Gandhar Oil Refinery (India) Ltd, with a market capitalization of Rs. 1,467.70 crore, opened at Rs. 160 on the BSE, the identical as its intraday excessive, towards a earlier shut of Rs. 141.70, marking a development of 12.9 p.c. The corporate is main white oil producers in India with 26.5 p.c market share and is among the many prime 5 world gamers with 9.6 p.c market share in white oil.
Monetary Snapshot – Q2FY26
Quarter-on-Quarter (QoQ): Income elevated from Rs. 903 crore in Q1FY26 to Rs. 1,060 crore in Q2FY26, up 17.4 p.c. Working revenue rose from Rs. 46 crore to Rs. 66 crore, a bounce of 43.5 p.c, with working margin increasing from 5 p.c to six p.c. Revenue earlier than tax grew from Rs. 32 crore to Rs. 51 crore, up 59.4 p.c, whereas web revenue elevated from Rs. 26 crore to Rs. 40 crore, a acquire of 53.8 p.c. EPS rose from Rs. 2.68 to Rs. 3.68.
Yr-on-Yr (YoY): In comparison with Q2FY25, income elevated from Rs. 935 crore to Rs. 1,060 crore, up 13.4 p.c. Working revenue grew from Rs. 40 crore to Rs. 66 crore, a 65 p.c rise, with working margin enhancing from 4 p.c to six p.c. Revenue earlier than tax elevated from Rs. 25 crore to Rs. 51 crore, up 104 p.c, whereas web revenue surged from Rs. 18 crore to Rs. 40 crore, a acquire of 122.2 p.c. EPS rose from Rs. 1.86 to Rs. 3.68.
Operational Highlights
Consolidated manufacturing gross sales volumes for H1FY26 reached 261,524 KL, up 9 p.c from 240,318 KL in H1FY25. Income composition for H1FY26 was led by PHPO at 49.29 p.c, lubricants at 28.09 p.c, channel companions at 12.94 p.c, and PIO at 9.67 p.c. Consolidated manufacturing gross margin for Q2FY26 stood at Rs. 8,662 per KL.
Shopper Profile
Within the PHPO phase, Gandhar Oil serves P&G, Bajaj Shopper Care, Marico, Emami, Dabur, Unilever, and Patanjali. Within the Lubricants phase, key purchasers embody Adani Ports and Logistics and Gulf Oil, whereas within the Course of Insulating Oil (PIO) phase, the corporate caters to Toshiba, Vamshi Rubber, and Avigiri. Abroad gross sales accounted for 40.21 p.c of consolidated income in FY25.
Administration Commentary
Commenting on the Outcomes, Aslesh Parekh, Joint Managing Director stated:
“We delivered a powerful Q2 FY26 efficiency, supported by sturdy home demand and our give attention to excessive margin PHPO merchandise. Regardless of world headwinds and logistical challenges, we achieved sequential development throughout key metrics.
Income for Q2 stood at Rs. 10,599 million, up 17 p.c over Q1, whereas EBITDA rose 43 p.c to Rs. 658 million and PAT elevated 52 p.c to Rs. 398 million. For H1 FY26, income reached Rs. 19,629 million and EBITDA stood at Rs. 1,118 million, with manufacturing gross sales volumes at 261,524 KL, up 9 p.c year-on-year.
PHPO continues to steer with almost 50 p.c of income, pushed by robust demand in private care and healthcare. Our stability sheet stays wholesome with negligible debt, regardless of larger working capital days as a consequence of longer export lead instances.
Through the quarter, we secured a big Price Contract from Bharat Heavy Electricals Restricted (BHEL), Jhansi, for the provision of Transformer Oil over two years, valued at Rs. 24.60 Crores. This reinforces our capabilities in industrial oil options.
We stay optimistic about home demand and anticipate gradual stabilization in world provide chains, strengthening our confidence in Gandhar’s long-term development trajectory.”
Concerning the Firm
Gandhar Oil Refinery (India) Restricted is a number one producer of specialty oils and one of many largest white oil producers in India. The corporate produces a variety of merchandise together with white oils, waxes, jellies, automotive oils, industrial oils, transformer oils, and rubber processing oils below its flagship model “Divyol.” With a powerful give attention to shopper and healthcare industries and a diversified world shopper base, Gandhar is acknowledged among the many prime 5 white oil gamers worldwide.
Written by Manan Gangwar
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