Gandhar Oil Refinery (India) Ltd

Q3 FY25Petroleum Products

Gandhar Oil Refinery (India) Q3 FY25 earnings call: Revenue & Margins

Q3 FY25 investor presentation: what the company reported on revenue, margins and projects.

Price₹263

Market cap₹2.7K Cr

P/E9.0

Updated24 Sept 2026

Read4 min read

Based on Gandhar Oil Refinery (India) Ltd's Q3 FY25 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the presentation reports, not management guidance.

The short version

Q3FY25 Revenue from Operations: ₹10,053 million, down from ₹11,026 million in Q3FY24 (approx. Q3FY25 Financials: - EBITDA: ₹416 Mn (vs ₹851 Mn in Q3FY24) → ~51% YoY decline - Profit After Tax (PAT): ₹204 Mn (vs ₹509 Mn in Q3FY24) → ~60% YoY decline - Operating Margin (EBITDA margin): - Revenue: ₹10,053 Mn - EBITDA Margin ≈ (416/10,053) × 100 ≈ 4.14% - Q3FY24 EBITDA margin: (851/11,026) × 100 ≈ 7.72% - Reflects a margin contraction YoY - Margin Outlook: - The presentation does not explicitly state any forward-looking margin guidance or outlook.

From Gandhar Oil Refinery (India) Ltd's Q3 FY25 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

Q3FY25 Revenue from Operations: ₹10,053 million, down from ₹11,026 million in Q3FY24 (approx. -8.8% YoY).
Q3FY25 Profit After Tax: ₹204 million vs ₹509 million in Q3FY24.
Manufacturing volumes (9MFY25 vs FY24):
Total manufacturing volumes: 3,72,505 kl vs 4,85,570 kl (decline).
Lubricants: 95,579 kl vs 1,37,365 kl (decline).
PHPO: 1,75,782 kl vs 2,56,619 kl (decline).
PIO: 37,938 kl vs 39,878 kl (slight decline).

2 more points management made on revenue & sales performance

Profitability & Margins

Q3FY25 Financials:
EBITDA: ₹416 Mn (vs ₹851 Mn in Q3FY24) → ~51% YoY decline
Profit After Tax (PAT): ₹204 Mn (vs ₹509 Mn in Q3FY24) → ~60% YoY decline
Operating Margin (EBITDA margin):
Revenue: ₹10,053 Mn
EBITDA Margin ≈ (416/10,053) × 100 ≈ 4.14%
Q3FY24 EBITDA margin: (851/11,026) × 100 ≈ 7.72%
Reflects a margin contraction YoY

2 more points management made on profitability & margins

See what Gandhar Oil Refinery (India) Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

The presentation does not explicitly detail any specific capex amounts, capacity expansions, or new plants/projects with associated costs, statuses, or timelines. It mentions: - Three manufacturing facilities with a total capacity of 597,403 kL (Sharjah: 235,294 kL; Silvassa: 143,853 kL; Taloja: 218,256 kL). - The Silvassa and Taloja plants include R&D capabilities and advanced technological infrastructure to support product testing and customization. - The Texol plant was set up in 2017 in UAE to expand overseas operations.

2 more points management made on capital expenditure plans

Top-ranked in Petroleum Products

Ranked on what management guided this quarter

5x potential

1Cont. Petroleums₹69 Cr

Rev 2Mar 1

2Arabian Petrol.₹96 Cr

Rev 2Mar 2

3₹5.5K Cr

Rev 3Mar 2

4₹16.6L Cr

Rev 3Mar 3

5₹1.9L Cr

Rev 3Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

The presentation does not explicitly mention any fundraising activities through debt or equity.
Historical Balance Sheet data shows borrowings trends:
Non-current borrowings decreased from ₹339 Mn in FY22 to ₹278 Mn in H1FY25.
Current borrowings increased from ₹1,243 Mn in FY22 to ₹1,308 Mn in H1FY25, with a peak at ₹1,721 Mn in FY24.
No specific mention of net debt or changes in net debt positions.
No direct statements regarding new issuances of equity or debt fundraising transactions.

2 more points management made on fundraising & capital structure

See what Gandhar Oil Refinery (India) Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The investor presentation does not report any specific figures or details regarding order book, order inflow, or pending orders. Throughout the document, there is no explicit mention or disclosure of: - Order book - Order inflow - Pending orders The presentation focuses on historical financials, manufacturing volumes, business divisions, strategies, customer base, geographic reach, risk management, and contact information, but it does not provide data or commentary on order-related metrics.

Gandhar Oil Refinery (India) Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹1.1K Cr, net profit ₹37 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Gandhar Oil Refinery (India) Ltd's management said in earlier quarters

Others in Petroleum Products this season

Chennai Petroleum Corporation Ltd (Q3 FY25)
Revenue from Operations for 9M 2024-25: ₹50,469 crore, down from ₹79,272 crore in FY 2023-24, indicating a significant year-on-year decline. Key concall…
Reliance Industries Ltd (Q3 FY25)
Polymers (PE, PP, PVC) and polyester (PET, PSF) demand volume growth has been about 10% and 8% respectively over the last three years, with strong future…

Compare:vs Reliance Industries Ltd vs I O C L vs Bharat Petroleum Corporation Ltd

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →

Frequently Asked Questions

What were Gandhar Oil Refinery (India) Ltd Q3 FY25 results?

What is Gandhar Oil Refinery (India) Ltd share price analysis?

Gandhar Oil Refinery (India) Ltd currently shows a neutral. The stock trades at a P/E of 9.0 with a market cap of ₹2,703 Cr. Investors should review the full earnings analysis for detailed insights.

Is Gandhar Oil Refinery (India) Ltd planning capital expenditure?

The presentation does not explicitly detail any specific capex amounts, capacity expansions, or new plants/projects with associated costs, statuses, or timelines.

Keep Gandhar Oil Refinery (India) Ltd on your radar — track it to get its next earnings analysis in your feed.

This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.