Gandhar Oil Refinery (India) Limited · NSE:GANDHAR
Gandhar Oil Refinery (India) — Q2 FY2027 Earnings Presentation
27 slides from Gandhar Oil Refinery (India)'s earnings presentation, Oct 27, 2026
Slide 1: Cover letter to stock exchanges
October 27, 2026 To, Listing Compliance Department Listing & Compliance Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor Dalal Street, Mumbai – 400001 Plot No. C/1, “G” Block BSE Scrip Code: 544029 Bandra-Kurla Complex Bandra (E), M
Slide 2: Investor Presentation Q2 & H1 FY27
INVESTOR PRESENTATION Q2 & H1 FY27 – October - 2026
Slide 3: Disclaimer
DISCLAIMER Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Gandhar Oil Refinery (India) Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or
Slide 4: Business Update – Q2 & H1 FY27
Business Update– Q2 & H1 FY27
Slide 5: Highest Ever Quarterly Performance
Highest Ever Quarterly Performance Q2 FY27 Revenue Gross Profit / Margin EBIDTA / Margin PAT / Margin ₹1,847 Cr ₹388 Cr / 21.0% ₹288 Cr / 15.6% ₹186 Cr / 10.1% +73% YoY +197% YoY +880 bps YoY +337% YoY +940 bps YoY +368% YoY +640 bps YoY H1 FY27 Revenue Gross Profit / Margin EBIDTA / Margin PAT / Ma
Slide 6: Building Momentum, Delivering Sustainable Value
Building Momentum, Delivering Sustainable Value “ Q2 FY27 reflects the resilience of our operating model and our ability to execute effectively in a dynamic market environment. We achieved our highest-ever quarterly revenue of ₹1,847 crore, while sustaining healthy gross margin spreads for the secon
Slide 7: Company Overview
Company Overview
Slide 8: India's Leading Manufacturer of Specialty Oils
India's Leading Manufacturer of Specialty Oils Offering a diversified portfolio of value-added products across leading players in healthcare, personal care, automotive and industrial applications through globally certified manufacturing facilities. 30+ Years #1* Top 5* 10+ White oil player in Global
Slide 9: A Business Built to Compound
A Business Built to Compound Resilient business model Index-linked pricing, with a diversified 4,000+ customer base, with an effectively debt-free balance sheet Trusted partner to marquee brands Scale & capital intensity High customer stickiness driven by lengthy 8,38,637 kL across three plants in I
Slide 10: Diversified Products & Segments
Diversified Products & Segments PHPO Lubricants PIO 51.2% of Q2FY27 24.8% of Q2FY27 11.8% of Revenue Revenue Q2FY27 Revenue Personal Care, Healthcare & Performance Oils Automotive & Industrial Lubricants Process & Insulating Oils PRODUCTS PRODUCTS PRODUCTS White oils, petroleum jelly, waxes, perform
Slide 11: Volumes Scaling Across Business
Volumes Scaling Across Business Total Sales Manufacturing Volumes PHPO (kl) PIO (kl) (kl) 64,520 2,56,619 2,60,876 5,45,755 2,37,727 2,36,742 50,786 4,85,570 5,00,231 45,152 4,33,498 39,878 36,463 1,30,977 2,63,899 FY23 FY24 FY25 FY26 H1 FY27 FY23 FY24 FY25 FY26 H1 FY27 FY23 FY24 FY25 FY26 H1 FY27 L
Slide 12: Manufacturing Facilities & Certifications
Manufacturing Facilities & Certifications Total installed Taloja Silvassa Sharjah capacity Maharashtra, India Dadra & Nagar Haveli, India UAE (Texol Lubritech) Proximity to Mumbai & JNPT ports with Houses the DSIR-recognised R&D Overseas manufacturing base serving 8,38,637 road and rail connectivity
Slide 13: Geographical Reach
Geographical Reach Consolidated Export Revenue (₹ Cr) Key markets & presence 100+ Countries served across six continents 2,403 2,173 India — core market Manufacturing at Taloja & Silvassa; #1 white-oil position with 1,817 ~26.5% share* 1,721 1,566 Middle East & Africa Manufacturing facility in Middl
Slide 14: Integrated Business Risk Framework
Integrated Business Risk Framework Customer & Procurement Commercial Global Trade Market Financial Manufacturing Regulatory • Long-term refinery • Benchmark-linked • Forward hedging • 4,000+ diversified • Forex Hedging • Three strategically • USFDA, BIS, ISO partnerships with sourcing, • Natu
Slide 15: A Resilient Business Built on Decades of Execution
A Resilient Business Built on Decades of Execution Turnover crossed ₹1,000 Crore Recognized as a Incorporated as Commenced Commenced the Commenced Received the first Established an in-house Three Star Export a private limited operations at manufacture of the export of order from a R&D centre recogni
Slide 16: Future Growth Opportunities
Future Growth Opportunities Deepen Consumer & Healthcare • Expand wallet share with existing marquee customers • Win new consumer & healthcare accounts • Leverage US FDA approval to scale regulated pharmaceutical grades Expand Across Geographies • Increase penetration in existing markets • Scaling u
Slide 17: Industry Overview
Industry Overview Consumer & healthcare demand *Global white-oil market Rising pharmaceutical, personal-care and cosmetics consumption. In India, (US$ bn) pharmaceutical and high-purity grades account for ~72% of white-oil demand China +1 sourcing ~4.8% global CAGR Multinationals are increasingly qu
Slide 18: Board & Management Profiles
Board & Management Profiles Ramesh Parekh Samir Parekh Aslesh Parekh Mr. Jatin Dhamani Chairman & Managing Director Vice Chairman & Joint Managing Director Joint Managing Director Whole Time Director Founder with 30 years of experience in 19+ years in the specialty-oil 19+ years in the specialty-oil
Slide 19: Environmental Social Governance
Environmental Social Governance Environment Social Governance Manufactured eco-friendly, GreenPro- Built training centers and sponsored student Independent directors across energy, certified specialty oils. education. regulatory & CS domains Achieved Zero Liquid Discharge (ZLD) across Provided free
Slide 20: Financial Overview
2 Financial Overview
Slide 21: Consolidated Financial Performance – Q2 FY27
Consolidated Financial Performance – Q2 FY27 Revenue (₹ Cr) Gross Profit & Manufacturing Gross Margin Spreads 1,847 Manufacturing Gross Margin 1,732 Spread (INR/kL) 9,248 7,923 9,351 28,145 29,128 1,177 1,093 1,068 371 388 130 119 137 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2
Slide 22: Profit & Loss Statement
Profit & Loss Statement Particulars (₹ in Cr) Q2 FY 27 Q2 FY 26 YoY Q1 FY 27 QoQ H1 FY27 H1 FY26 YoY Revenue from Operations 1,846.6 1,068.1 73% 1,731.9 7% 3,578.5 1,971.1 82% Cost of Material Consumed 1,488.9 952.1 1,381.8 2,870.7 1,760.8 Purchases of stock in trade 1.7 4.6 0.7 2.4 4.6 Change in In
Slide 23: Balance Sheet
Balance Sheet Assets (₹ in Cr) Sep-26 Mar-26 Equity & Liabilities (₹ in Cr) Sep-26 Mar-26 Non ‐ Current Assets Equity (a) Equity share capital 19.6 19.6 Property, plant and equipment 375.8 373.8 (b) Other equity 1,679.7 1,332.8 Capital work‐in‐progress 40.2 29.0 Equity attributable to equity holders
Slide 24: Historical Consolidated Profit & Loss Statement
Historical Consolidated Profit & Loss Statement Particulars (₹ Cr) FY23 FY24 FY25 FY26 Revenue from Operations 4,079.0 4,113.2 3,896.9 4,241.2 Cost of Material Consumed 3,326.0 3,533.0 3,423.4 3,719.5 Purchases of stock in trade 214.6 90.1 60.5 54.1 Change in Inventories of Finished goods & Work in
Slide 25: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Assets (₹ Cr) FY23 FY24 FY25 FY26 Non ‐ Current Assets Property, plant and equipment 192.9 297.9 337.7 373.8 Capital work‐in‐progress 72.7 8.6 7.6 29.0 Right of use assets 42.5 60.5 110.2 122.4 Goodwill on Amalgamation 0.3 0.3 0.3 0.3 Intangible assets 1.1 1.1 0
Slide 26: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Equity & Liabilities (₹ Cr) FY23 FY24 FY25 FY26 Equity (a) Equity share capital 16.0 19.6 19.6 19.6 (b) Other equity 727.4 1,152.6 1,216.5 1,332.8 Equity attributable to equity holders of the parent 743.4 1,172.2 1,236.1 1,352.4 Non‐controlling interests 34.9 51
Slide 27: Thank You
Thank You For further queries, Please contact: Gandhar Oil Refinery (India) Limited Adfactors PR Ltd Binal Khosla Pratik Shah / Hashika Mutreja Email: [email protected] Tel No: 9870030585 / 9167753859 Website: https://gandharoil.com/ Email: [email protected]/ hashika.mutreja@adfactor
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