Gandhar Oil Q1 FY27: Profit ₹206 cr, audio released

Earnings call scheduled for Q1 FY27 results

Gandhar Oil Refinery (India) Ltd scheduled an earnings conference call to discuss its unaudited financial results for the quarter ended June 30, 2026 (Q1 FY27). The call was set for Thursday, July 23, 2026, at 11:00 AM IST. The company said the discussion would cover both standalone and consolidated performance for the period. The event was positioned as a forum for analysts and investors to hear management commentary and participate in a Q-and-A session.

Senior management participation was disclosed in advance, including Mr. Aslesh Parekh, Joint Managing Director, and Mr. Indrajit Bhattacharyya, Chief Financial Officer. Investors were also provided dial-in numbers to join the call. For registration and queries, the company shared the email of Binal Khosla, Company Secretary and Compliance Officer.

Audio of the earnings call released under SEBI rules

After the call, Gandhar Oil Refinery (India) Ltd released the audio recording of its Q1 FY27 earnings call on July 23, 2026. The company disclosed that the release was made under SEBI Regulation 30 to stock exchanges BSE and NSE. The audio was hosted on the company’s official website, allowing investors and analysts to access management commentary without waiting for further summaries.

The company’s filing emphasised that the disclosure related to dissemination of an audio recording rather than publication of financial figures. However, the broader set of accompanying updates and call transcript extracts included operational and financial highlights for the quarter. The call itself was conducted digitally on July 23, 2026, at 11:00 AM IST.

Who spoke on the call and how it was run

The call included an operator introduction and standard instructions, including that participant lines would be in listen-only mode during opening remarks and that questions would follow. The transcript also referenced Adfactors IR participation through an Investor Relations representative who facilitated the session and read a forward-looking statements disclaimer.

Management on the call described Q1 FY27 as a record quarter for the company across revenue and profitability on a consolidated basis. The commentary attributed performance to healthy revenue growth and stronger gross margin spreads, while also referring to a challenging operating environment marked by geopolitical developments in West Asia, crude oil price volatility, and supply chain disruptions.

Q1 FY27 consolidated performance: record revenue and profit

Gandhar Oil reported its highest-ever quarterly net profit for Q1 FY27 at around ₹206 crore, with disclosures citing a 689% year-on-year increase from ₹26 crore in the corresponding period of the previous year. Consolidated revenue from operations was reported at about ₹1,731.9 crore to ₹1,732 crore, up 92% year-on-year.

The company also disclosed a 3.4x expansion in gross margin spread to ₹28,145 per kilolitre compared with Q1 FY26. EBITDA for the quarter was reported at about ₹281 crore, up 512% year-on-year, with EBITDA margin expanding to 16.20% from 5.1% in Q1 FY26. The call also referenced consolidated gross margin of 21.4%.

Volume, export mix, and contribution to revenue

Operationally, total sales volume during the quarter was cited at approximately 131,000 kilolitres, up about 8% year-on-year from roughly 121,000 kilolitres in Q1 FY26. Export volumes were reported to have increased 54% year-on-year. The export business was also described as contributing 51% of consolidated revenue during the quarter.

These datapoints were positioned as supporting evidence that growth was not only price-led, but also backed by volume expansion and export traction. The company’s narrative linked margin improvement to a stronger spread environment relative to historical levels.

Standalone numbers and interim dividend details

Separate market reports highlighted sharp sequential improvement in standalone performance for the June quarter. On a standalone basis, net profit was reported at ₹179 crore in Q1 FY27 compared with ₹44.13 crore in Q4 FY26. Standalone revenue was reported at ₹1,591 crore in Q1 FY27 versus ₹929 crore in Q4 FY26. Standalone EBITDA was reported at ₹249.2 crore versus ₹65.5 crore in the preceding quarter, while EBITDA margin improved to 15.7% from 7%.

On shareholder returns, the company declared an interim dividend described as 100% of the face value of shares. Another report specified an interim dividend of ₹2 per equity share for FY27. One update also stated the board fixed July 31, 2026 as the record date, while another snapshot mentioned a record date of July 24, 2026 and that the interim dividend was approved on July 22, 2026.

Stock market reaction on July 23

Gandhar Oil shares hit a 20% upper circuit on July 23 following the results-driven updates. A reported market quote put the stock at ₹283.42 at 10:40 am on July 23, reflecting a 20% move. Other listed peers were also referenced as rising on a “rub-off effect” in the same news flow.

While the share move reflects immediate sentiment, the company’s filings around the audio release were procedural in nature. The more detailed financial metrics came from the reported results and the transcript highlights.

Key facts at a glance

Call access and compliance information

Why this set of disclosures matters

Two parallel information flows shaped the day: the company’s procedural disclosure of the earnings call audio under SEBI Regulation 30, and the market’s focus on the underlying quarterly performance discussed during the call. For investors, the audio and transcript provide direct access to management’s framing of results, including how revenue growth, exports, volumes, and spreads interacted during the quarter.

At the same time, the reporting around interim dividend and record date shows why it matters to cross-check company communications across filings and result releases. What remains consistent across the updates is the headline message from the quarter: a record profit outcome alongside a sharp jump in revenue and margin metrics, and a market reaction that pushed the stock to its upper circuit on July 23.

Conclusion

Gandhar Oil Refinery’s Q1 FY27 earnings call, held on July 23, 2026, was followed by the release of its audio recording on the company website under SEBI Regulation 30. The call commentary and reported figures pointed to record quarterly profit of about ₹206 crore, revenue of about ₹1,732 crore, and materially higher spreads and margins. Investors looking for detail beyond the headline numbers can use the hosted recording and transcript excerpts to review management’s explanation of the quarter’s performance and the interim dividend announcement for FY27.