Gandhar Oil Refinery (India) Limited — Updates, 04-02-2025: Press Release

Gandhar Oil Refinery (India) Ltd reported its financial results for the quarter and nine months ended December 31, 2024. Consolidated revenues for Q3FY25 were ₹10,053 Mn, up 7.5% from ₹9,351 Mn in Q2FY25. For the nine months, total revenues reached ₹29,352 Mn. Profit After Tax (PAT) for Q3FY25 was ₹204 Mn, reflecting some operational challenges, including reduced realization per KL and increased freight costs.

Consolidated manufacturing volumes held steady at 132,187 KL in Q3FY25, while standalone volumes rose by 13.4% QoQ to 112,483 KL. The company continues to diversify its portfolio, with Performance Oil (PHPO) products making up 47.14% of its revenue. Despite facing headwinds, the management remains optimistic about a stronger Q4FY25, driven by resilient product demand.

Investors should note the stable revenue growth and ongoing efforts to optimize manufacturing, as these factors suggest a positive outlook moving forward amid market volatility.