Single-Digit PE Specialty Chemicals Stock Hits 20% Upper Circuit After Q1 FY27 Profit Jumps 689% YoY; Declares 100% Interim Dividend
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Gandhar Oil Refinery reported strong Q1 FY27 earnings with robust growth in revenue and profitability, while the board declared an interim dividend of Rs 2 per share and fixed July 24 as the record date
✨ Key Takeaways
On Thursday, Indian equity benchmark indices traded lower, with the benchmark Nifty 50 index declining 126.65 points, or 0.53 per cent, to 23,869.60. Despite the weak market sentiment, Gandhar Oil Refinery (India) share price hit the 20 per cent upper circuit at Rs 281.95 after the company reported robust Q1 FY27 financial results and announced a 100 per cent interim dividend for FY27.
Gandhar Oil Refinery Q1 FY27 Results
On a consolidated basis, Gandhar Oil Refinery reported revenue from operations of Rs 1,731.93 crore in Q1 FY27, registering a 91.81 per cent YoY growth from Rs 902.96 crore in the corresponding quarter last year. Profit before tax (PBT) surged 729.96 per cent YoY to Rs 263.76 crore from Rs 31.78 crore, while net profit jumped 689.16 per cent YoY to Rs 205.89 crore from Rs 26.09 crore. Basic and diluted earnings per share (EPS) increased to Rs 19.65 from Rs 2.68 in the year-ago quarter.
On a sequential basis, standalone revenue from operations increased from Rs 929.38 crore in Q4 FY26 to Rs 1,591.05 crore, while net profit rose from Rs 44.13 crore to Rs 178.82 crore, indicating a significant improvement in operating performance.
Board Declares Interim Dividend
The Board of Directors declared an interim dividend of Rs 2 per equity share, equivalent to 100 per cent of the face value of Rs 2 per share, for the financial year 2026-27. The company has fixed July 24, 2026, as the record date for determining the eligibility of shareholders to receive the interim dividend.
Also Read - This Single-Digit PE Stock Hits 20% As Q1 FY27 Revenue Jumps Over 12,044% YoY; Reports Highest-Ever Quarterly PAT
Other Key Developments
Apart from approving the quarterly financial results, the board scheduled the company's 34th Annual General Meeting (AGM) for September 11, 2026, through video conferencing. It also approved the appointment of Mr Shyam Chandrabhan Agrawal as an Additional Non-Executive Independent Director for a term of five years, subject to shareholders' approval.
Further, the company approved the insertion of a new object clause in its Memorandum of Association to enable it to undertake activities related to investments and trading in financial instruments, securities, commodities, derivatives, currencies and other permitted financial products.
About Gandhar Oil Refinery
Gandhar Oil Refinery (India) Ltd is engaged in the manufacturing and trading of specialty oils, petroleum products, lubricants, process oils, transformer oils, healthcare oils and white oils catering to industrial, automotive, healthcare and consumer applications across domestic and international markets.
The company operates manufacturing facilities in India and overseas and exports its products to multiple countries. Through its diversified product portfolio and integrated manufacturing capabilities, Gandhar Oil Refinery serves customers across the automotive, personal care, pharmaceutical, power and industrial sectors.
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Disclaimer: The article is for informational purposes only and not investment advice.