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Gandhar Oil's board has approved the consolidated financial results for the quarter ended June 30, 2025. The company posted revenue from operations of Rs 902.96 Cr and a net profit of Rs 26.09 Cr.
The board also reviewed the utilization of its IPO proceeds. Out of Rs 302 Cr raised, Gandhar Oil used Rs 22.71 Cr as a loan for its subsidiary Texol Lubritech FZC, invested Rs 27.71 Cr in capital expenditure for its Silvassa Plant expansion, and allocated Rs 191.13 Cr towards working capital. A negligible Rs 0.06 Cr remains un-utilised.