Gandhar Oil Refinery Q4 FY26: PAT up 202%, ₹1,093 cr sales

Key takeaway from the latest update

Gandhar Oil Refinery (India) Ltd reported a strong year-on-year profit performance in Q4 FY26, even as quarter-on-quarter revenue dipped. The company’s revenue from operations for the quarter rose 13.69% year-on-year to ₹1,093.37 crore. Net profit for the quarter was reported at ₹37 crore in the snapshot, while another quarterly table shows profit after tax of ₹44.13 crore for the March 2026 quarter. The update also flagged a sharp jump in profitability metrics such as gross profit and operating profit compared with the year-ago period.

The earnings calendar is also in focus. The last earnings date is listed as May 26, 2026 for Q4 FY25-26. The upcoming earnings date is listed as July 22, 2026 for Q1 FY26-27.

Earnings dates: what investors are tracking

For investors following near-term triggers, the company’s next earnings event is the key date. The upcoming earnings date for Gandhar Oil Refinery India Ltd is stated as July 22, 2026 (Q1 FY26-27). The last earnings date is listed as May 26, 2026 (Q4 FY25-26). Another data block in the material separately shows “Next Earnings Date: n/a,” indicating not all trackers have updated the same schedule.

The March 31, 2026 quarter is referenced as the last reported earnings period in the profitability snapshot. This mix of “scheduled date” and “n/a” entries is common across different market-data feeds. What remains consistent in the update is that the March 2026 quarter is the latest reported period.

Q4 FY26 performance: revenue up YoY, down QoQ

For Q4 FY26, the headline revenue number in the snapshot is ₹1,093 crore, with a QoQ decline of 6.31% and YoY growth of 13.69%. The same update states revenue from operations climbed 13.69% YoY to ₹1,093.37 crore in Q4 FY26. Gross profit in the snapshot is ₹55 crore, up 109.09% YoY, and up 8.19% QoQ. Net profit in the snapshot is ₹37 crore, up 201.71% YoY, and up 7.92% QoQ.

Profitability expanded sharply year-on-year in the quarter as measured by EBITDA as well. EBITDA for Q4 FY26 is reported at ₹63.6 crore, up 87.06% compared with ₹34 crore in Q4 FY25. Profit before tax (PBT) is stated to have surged 212.94% to ₹52.48 crore in Q4 March 2026 compared with ₹16.77 crore in Q4 March 2025.

What the quarterly table shows for March 2026

The quarterly results table (all figures in ₹ crore) lists net sales of ₹929.38 crore for Mar 2026, operating profit of ₹65.65 crore, and profit after tax of ₹44.13 crore. The same table shows profit before tax of ₹59.54 crore and tax of ₹15.41 crore for Mar 2026. Adjusted EPS for the quarter is listed at ₹4.51.

A separate consolidated quarterly series lists Mar 2026 revenue at ₹1,093 crore, operating profit at ₹64 crore, and profit before tax at ₹52 crore, with EPS shown as ₹4.16. These are presented alongside longer quarterly history, including operating margin (OPM) percentages. Across these consolidated figures, OPM for Mar 2026 is shown at 6%.

Full-year FY26: revenue ₹4,241 crore and PAT ₹137 crore

On a full-year basis, management commentary in the update states full-year revenue reached ₹4,241 crore (about 9% to 10% growth). Another line item states revenue from operations rose 8.83% YoY to ₹4,241.18 crore in FY26. Full-year consolidated net profit is stated to have climbed 69.09% to ₹135.37 crore in FY26 compared with ₹80.06 crore in FY25.

The same management summary also notes EBITDA of ₹234 crore for FY26 and PAT of ₹137 crore for the year, consistent with the annual profit figure cited elsewhere. It also mentions improved ROE and ROCE, alongside disciplined cost management and cash conversion. The material additionally states consolidated manufacturing sales volumes for FY26 stood at 545,755 KL, up 9% from 500,231 KL in FY25.

Cash flow and finance costs: operational levers highlighted

Beyond the income statement, the update includes operating cash flow and finance-cost indicators. Operating cash flow is stated to have risen to ₹127.77 crore. Finance costs are stated to be down about 28% to ₹37.59 crore.

These two numbers matter because they frame how much of the earnings performance translated into cash and whether interest costs eased during the year. The quarterly table also shows interest for Mar 2026 at ₹5.25 crore, and depreciation at ₹6.29 crore, in the “Quarterly Result (All Figures in Cr.)” section.

Dividend: interim ₹0.75 declared; yield data varies by snapshot

For dividends, the update states the company declared an interim dividend of ₹0.75 per equity share on January 30, 2026. The record date for determining entitlement is also listed as January 30, 2026. Past dividend entries show a final dividend of ₹0.50 per share with an ex-date of August 1, 2025, and another final dividend of ₹0.50 per share with an ex-date of August 23, 2024.

Dividend yield figures appear in multiple places with different values. One section states the current year dividend is ₹0.5 and the yield is 0.3336%, and separately reiterates a dividend yield “around 0.3336%.” Another data block lists “Dividend (Yield) 1.25 (0.60%),” and another states “Current Dividend Yield 0.5%,” alongside a 6% payout ratio. The material also notes “No upcoming dividends are available.”

EPS and profitability snapshot: what’s reported

The reported EPS is listed as 13.83, with estimated EPS shown as “--.” Another line states the latest EPS is ₹14.1388. A performance note adds that profit after tax for FY26 showed strong growth with EPS rising to ₹13.8 from ₹8.18 in FY25.

In the TTM profitability snapshot, revenue is listed as ₹42.41 billion, which corresponds to ₹4,241 crore. Cost of revenue is ₹37.54 billion (₹3,754 crore) and gross profit is ₹4.87 billion (₹487 crore). Earnings are listed as ₹1.35 billion, which corresponds to ₹135 crore. The same block reports gross margin at 11.49%, net profit margin at 3.19%, and debt/equity ratio at 12.0%.

Stock metrics and price points cited in the update

The update includes multiple market snapshots. One line states the current share price is ₹226.6. Another section states the stock price today is ₹206.82, and also notes that as of July 15, 2026, it traded at ₹206.82 with a previous close of ₹203.27.

Valuation and return metrics are also listed. The stock is stated to trade at a P/E of 13.8 with a market cap of ₹1,468. Another block lists stock P/E at 14.7, book value at ₹138, dividend yield at 0.37%, ROCE at 13.2%, ROE at 10.5%, and face value at ₹2. The material also notes the company has had low return on equity of about 10.3% over the last three years and a low dividend payout of about 5.01% of profits over the last three years.

Summary table: key reported numbers

Why the update matters for tracking performance

The Q4 and FY26 numbers in the update show profitability improving faster than revenue, with EBITDA and PBT rising sharply versus the year-ago quarter. The cash-flow and finance-cost references highlight operational factors that can affect net earnings quality, especially when input costs and logistics conditions change. At the same time, revenue shows a QoQ decline in the snapshot, which is useful context when comparing sequential demand and realization trends.

Dividend disclosures also matter because multiple feeds show different yield readings, while the interim dividend amount and date are clearly listed. For investors, the next reference point on the calendar is the Q1 FY26-27 earnings date of July 22, 2026, as stated in the update. Any further clarity on updated “next earnings date” and subsequent dividend actions would typically come through exchange filings and the company’s scheduled results announcements.