Shares rose 4.78% to ₹314.85 on the BSE after Gandhar Oil Refinery announced Q2 results, with net profit hitting ₹186.3 crore—a 369% jump YoY.
Operating revenue surged 72.9% YoY to ₹1,846.6 crore, while EBITDA climbed to ₹288 crore, pushing the margin to 15.6% from 6% a year earlier.
The filing also announced the appointment of Santosh Kumar Singh as Factory Manager of the Silvassa plant, effective October 27, 2026.
Looking ahead, analysts will be watching for Q3 guidance, while the company’s board may signal debt‑reduction plans. The next earnings release is slated for late September, where management may outline sustained momentum and strategic initiatives.