Refineries & Petro-Products company Gandhar Oil Refinery (India) announced Q2FY26 results Consolidated Revenues for Q2FY26 were at Rs 10,599 million compared to Rs 9,030 million in Q1FY26. Consolidated EBITDA for Q2FY26 stood at Rs 658 million, up by 43% from Rs 460 million in Q1FY26. Consolidated PAT for Q2FY26 stood at Rs 398million, up by 52% from Rs 261 million in Q1FY26. Consolidated Manufacturing Gross Margin Spread for Q2FY26 stood at Rs 8,662 per KL. Aslesh Parekh, Joint Managing Director, said: “We delivered a strong Q2FY26 performance, supported by robust domestic demand and our focus on high-margin PHPO products. Despite global headwinds and logistical challenges, we achieved sequential growth across key metrics. Revenue for Q2 stood at Rs 10,599 million, up 17% over Q1, while EBITDA rose 43% to Rs 658 million and PAT increased 52% to Rs 398 million. For H1FY26, revenue reached Rs 19,629 million and EBITDA stood at Rs 1,118 million, with manufacturing sales volumes at 261,524 KL, up 9% YoY. PHPO continues to lead with nearly 50% of revenue, driven by strong demand in personal care and healthcare. Our balance sheet remains healthy with negligible debt, despite higher working capital days due to longer export lead times. During the quarter, we secured a significant Rate Contract from Bharat Heavy Electricals Limited (BHEL), Jhansi, for the supply of Transformer Oil over two years, valued at Rs 24.60 crore. This reinforces our capabilities in industrial oil solutions. We remain optimistic about domestic demand and expect gradual stabilization in global supply chains, strengthening our confidence in Gandhar’s long-term growth trajectory.” Result PDF