Gandhar Oil Refinery (India) Ltd's Q3FY25 Quarterly Results

Result Summary

• Gandhar Oil Refinery (India) Ltd reported a 7.5% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 8.8%.
• Its expenses for the quarter were up by 7.4% QoQ and down 5.6% YoY.
• The net profit increased 12.5% QoQ and decreased 59.9% YoY.
• The earnings per share (EPS) of Gandhar Oil Refinery (India) Ltd stood at 2 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Gandhar Oil Refinery (India) Ltd is a prominent player in the oil refinery sector in India. The company is primarily involved in the production and distribution of petroleum products, including various grades of mineral oils, automotive oils, and industrial lubricants. The company operates in the broader energy sector, which is influenced by changes in crude oil prices, regulatory policies, and economic growth in the region. As of the latest data available, there are no specific recent major developments provided for the company.

Revenue

In the third quarter of the fiscal year 2025 (Q3FY25), Gandhar Oil Refinery (India) Ltd reported a total income of ₹1007.43 crores. This represents a quarter-over-quarter (QoQ) increase of 7.5% compared to the second quarter of FY25, where the total income was ₹937.38 crores. However, on a year-over-year (YoY) basis, the total income has decreased by 8.8% from ₹1104.30 crores recorded in the third quarter of the fiscal year 2024 (Q3FY24). This fluctuation in revenue could be reflective of the dynamic market conditions affecting the oil refining industry.

Profitability

For the quarter ended in Q3FY25, Gandhar Oil Refinery (India) Ltd recorded a profit before tax of ₹26.88 crores, which is an 8.9% increase from the ₹24.68 crores reported in Q2FY25. On a YoY comparison, the profit before tax has decreased significantly by 59.1% from ₹65.72 crores in Q3FY24. The profit after tax for Q3FY25 stood at ₹20.41 crores, marking a 12.5% rise from ₹18.14 crores in the previous quarter, yet showing a sharp decline of 59.9% from ₹50.91 crores in the corresponding quarter of the previous year. The earnings per share (EPS) for the quarter was ₹2.00, which increased by 5.3% QoQ but decreased by 63.6% YoY from ₹5.50 in Q3FY24.

Operating Metrics

The total expenses for Q3FY25 were ₹980.55 crores, showing a 7.4% increase from ₹912.69 crores in Q2FY25. On a YoY basis, expenses decreased by 5.6% from ₹1038.58 crores in Q3FY24. The tax incurred for Q3FY25 amounted to ₹6.46 crores, showing marginal growth of 0.6% from the previous quarter's ₹6.42 crores, while decreasing by 56.4% from ₹14.81 crores in the same quarter last year. These figures provide insight into the company's cost management and tax liabilities over the periods observed.