Integrated Filing — IndAS



General information about company
Scrip Code 544029
NSE Symbol GANDHAR
MSEI Symbol LISTED
ISIN INE717W01049
Name of company GANDHAR OIL REFINERY (INDIA) LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Date of board meeting when results were approved 08-Aug-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Single segment
Description of single segment petroleum products specialty oils
Start date and time of board meeting 08-Aug-2025   11:30:00
End date and time of board meeting 08-Aug-2025   12:45:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether the company has any related party?
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.
Whether the company is a high value debt listed entity according to regulation 15 (1A)?
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?
Latest Date on which RPT policy is updated
Indicate Company website link for updated RPT policy of the Company
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not Applicable



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 7454420000
Other income 32030000
Total income 7486450000
2 Expenses
(a) Cost of materials consumed 6677240000
(b) Purchases of stock-in-trade 10810000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -67790000
(d) Employee benefit expense 75300000
(e) Finance costs 59570000
(f) Depreciation, depletion and amortisation expense 60830000
(f) Other Expenses
1 Consumption of Stores and Spares 8310000 8310000
2 Power and Fuel 10780000 10780000
3 Electricity Charges 1130000 1130000
4 Labour Charges 23210000 23210000
5 Water Charges 110000 110000
6 Security Charges 2230000 2230000
7 Repairs and Maintenance 28780000 28780000
8 Laboratory Expenses 20000 20000
9 Research & Development expenditure 10290000 10290000
10 Others 267400000 267400000
Total other expenses 352260000
Total expenses 7168220000
3 Total profit before exceptional items and tax 318230000
4 Exceptional items 0
5 Total profit before tax 318230000
6 Tax expense
7 Current tax 56220000
8 Deferred tax -250000
9 Total tax expenses 55970000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0
11 Net Profit Loss for the period from continuing operations 262260000
12 Profit (loss) from discontinued operations before tax 0
13 Tax expense of discontinued operations 0
14 Net profit (loss) from discontinued operation after tax 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0
16 Total profit (loss) for period 262260000
17 Other comprehensive income net of taxes -1580000
18 Total Comprehensive Income for the period 260680000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 195760000
Face value of equity share capital 2
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 2.68
Diluted earnings (loss) per share from continuing operations 2.68
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0
Diluted earnings (loss) per share from discontinued operations 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 2.68
Diluted earnings (loss) per share from continuing and discontinued operations 2.68
24 Debt equity ratio 0
25 Debt service coverage ratio 0.0683
26 Interest service coverage ratio 0.0581
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) 1 The Statement of Standalone Unaudited Financial Results for the quarter ended June 30 2025 have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 Interim Financial Reporting Ind AS 34 prescribed under Section 133 of the Companies Act 2013 and other accounting principles generally accepted in India read with relevant rules issued thereunder and in terms of the Securities and Exchange Board of India Listing Obligations and Dislcosure Requirements Regulations 2015 as amended Listing Regulations. n2 The above Unaudited standalone financial results have been reviewed and recommended by Audit Committee and approved by the Board of Directors at their respective meetings held on August 08 2025. n3 The Company has received an amount of Rs 3020.00 million Net Proceeds Rs.2785.38 million Rs.3174.35 Million including IPO Expenses from proceeds out of fresh issue of equity shares. The utilisation of IPO proceeds is summarised as under n nObjects of the IssuetAmount to be nutilised as per ProspectustUtilisationttup totJunet30 n2025tUnutilised amount nas ontJune 30 2025 nInvestment into subsidiary company Texol Lubritech FZC by way of a loan for financing the repayment prepayment of a loan facility availed by Texol Lubritech FZC from the Bank of Barodat227.13t227.13t nCapital expenditure through purchase of equipment and civil work required for expansion in capacity of nautomotive oil at our Silvassa Plantt277.29t277.12t0.17 nFunding working capital requirements of our Companyt1850.08t1911.29t61.21 nGeneral corporate purposes & IPO Expensest819.85t758.22t61.63 nNet Proceedst3174.35t3173.76t0.59 n4tThe Company is primarily engaged in manufacturing and trading of of petroleum products specialty oils. Accordingly the company has only one reportable segment petroleum products specialty oils as per IND AS 108 Operating Segment. n5 The standalone amounts for the quarter ended 31st March 2025 are the balancing amounts between the audited amounts in respect of the full financial year and the limited reviewed year to date amounts upto the third quarter of the relevant financial year. n6tPrevious quarters years figures have been regrouped rearranged wherever necessary to confirm to those of current quarter year classification. n n7 The above results are available on the Companys website www.gandharoil.com and also on the website of BSE www.bseindia.com and NSE www.nseindia.com where the shares of the Company are listed.



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2025
Date of end of reporting period 30-Jun-2025
Whether accounts are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement gain | (loss) on defined benefit plans -2110000 -2110000
Total Amount of items that will not be reclassified to profit and loss -2110000
2 Income tax relating to items that will not be reclassified to profit or loss -530000
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income -1580000





Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)
Mode of Fund Raising Public Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 30-Nov-2023
Amount Raised 5006920000
Report filed for Quarter ended 30-Jun-2025
Monitoring Agency Applicable
Monitoring Agency Name, if applicable ICRA Limited
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation
Comments of the Audit Committee after review
Comments of the auditors, if any
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Investment into Texol by way of a loan for financing the repayment/prepayment of a loannavailed by Texol from the Bank of Baroda No 22710000 0 22710000 0
2 Capital expenditure through purchase of equipment and civil work required for expansion in capacity of automotive oil at our Silvassa Plant No 27730000 0 27710000 0
3 Funding working capital requirements of our Company No 185010000 191130000 191130000 0
4 General corporate purposes No 27650000 39570000 39570000 0


Signatory Details
Name of signatory Aslesh Parekh
Designation of person Managing Director
Place Mumbai
Date 08-Aug-2025