Integrated Filing — IndAS

General information about company
Scrip Code	544029
NSE Symbol	GANDHAR
MSEI Symbol	NOTLISTED
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-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	22-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	15-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Single segment
Description of single segment	petroleum products or specialty oils
Start date and time of board meeting	22-May-2025   16:00:00
End date and time of board meeting	22-May-2025   19:00:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(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	NA
(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.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(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?	Yes
Latest Date on which RPT policy is updated	2025-02-04
Indicate Company website link for updated RPT policy of the Company	https://gandharoil.com/investor-relations/company-policies/
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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	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	7517530000	31602580000
	Other income	38500000	148550000
	Total income	7556030000	31751130000
2	Expenses
(a)	Cost of materials consumed	6418920000	27538990000
(b)	Purchases of stock-in-trade	74160000	763550000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	83130000	-160130000
(d)	Employee benefit expense	155460000	371450000
(e)	Finance costs	91370000	331160000
(f)	Depreciation, depletion and amortisation expense	65490000	218150000
(f)	Other Expenses
1	Consumption of Stores and Spares	10590000	34260000
2	Power and Fuel	14100000	43360000
3	Electricity Charges	680000	3860000
4	Labour Charges	28510000	96180000
5	Water Charges	100000	520000
6	Security Charges	2670000	10560000
7	Repairs and Maintenance	27900000	77740000
8	Laboratory Expenses	60000	150000
9	Research & Development expenditure	9980000	39980000
10	OTHERS	427030000	1326860000
	Total other expenses	521620000	1633470000
	Total expenses	7410150000	30696640000
3	Total profit before exceptional items and tax	145880000	1054490000
4	Exceptional items	0	0
5	Total profit before tax	145880000	1054490000
6	Tax expense
7	Current tax	23000000	263690000
8	Deferred tax	17560000	37900000
9	Total tax expenses	40560000	301590000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	105320000	752900000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	105320000	752900000
17	Other comprehensive income net of taxes	-70000	-1270000
18	Total Comprehensive Income for the period	105250000	751630000
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	195760000
	Face value of equity share capital	2	2
27	Details of debt securities
22	Reserves excluding revaluation reserve		0
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	1.08	7.69
	Diluted earnings (loss) per share from continuing operations	1.08	7.69
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	1.08	7.69
	Diluted earnings (loss) per share from continuing and discontinued operations	1.08	7.69
24	Debt equity ratio	0	0
25	Debt service coverage ratio	0.0288	0.0361
26	Interest service coverage ratio	0.0218	0.0374
27	Disclosure of notes on financial results		t nAs per the notes filed with the stock exchanges under the outcome of the Board Meeting held on 22nd May 2025

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

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	2456140000
	Capital work-in-progress	75300000
	Investment property	8260000
	Goodwill	0
	Other intangible assets	3800000
	Intangible assets under development	0
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	33680000
	Trade receivables, non-current	0
	Loans, non-current	375930000
	Other non-current financial assets	90250000
	Total non-current financial assets	499860000
	Deferred tax assets (net)	0
	Other non-current assets	876760000
	Total non-current assets	3920120000
2	Current assets
	Inventories	3441170000
	Current financial asset
	Current investments	0
	Trade receivables, current	5484720000
	Cash and cash equivalents	401610000
	Bank balance other than cash and cash equivalents	758540000
	Loans, current	2810000
	Other current financial assets	139640000
	Total current financial assets	6787320000
	Current tax assets (net)	67600000
	Other current assets	1664100000
	Total current assets	11960190000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	15880310000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	195760000
	Other equity	11539330000
	Total equity attributable to owners of parent	11735090000
	Non controlling interest
	Total equity	11735090000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	0
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	871140000
	Total non-current financial liabilities	871140000
	Provisions, non-current	45360000
	Deferred tax liabilities (net)	57920000
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	974420000
	Current liabilities
	Current financial liabilities
	Borrowings, current	0
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	36180000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	2832180000
	Total Trade payable	2868360000
	Other current financial liabilities	161430000
	Total current financial liabilities	3029790000
	Other current liabilities	137050000
	Provisions, current	3960000
	Current tax liabilities (Net)	0
	Deferred government grants, Current	0
	Total current liabilities	3170800000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	4145220000
	Total equity and liabilites	15880310000
	Disclosure of notes on assets and liabilities

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-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Remeasurement of Defined benefit -Actuarial Gain/Loss	-90000	-1700000
	Total Amount of items that will not be reclassified to profit and loss	-90000	-1700000
2	Income tax relating to items that will not be reclassified to profit or loss	-20000	-430000
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	-70000	-1270000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			1054490000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			331160000
	Adjustments for decrease (increase) in inventories			-636930000
	Adjustments for decrease (increase) in trade receivables, current			-167490000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			34200000
	Adjustments for decrease (increase) in other non-current assets			13270000
	Adjustments for other financial assets, non-current			47890000
	Adjustments for other financial assets, current			36960000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			-378750000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			-31080000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			218150000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			-6350000
	Adjustments for provisions, non-current			13090000
	Adjustments for other financial liabilities, current			-144700000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			-7660000
	Adjustments for dividend income			0
	Adjustments for interest income			0
	Adjustments for share-based payments			790000
	Adjustments for fair value losses (gains)			20000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			-1250000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			-678680000
	Net cash flows from (used in) operations			375810000
	Dividends received			0
	Interest paid			0
	Interest received			-130160000
	Income taxes paid (refund)			302840000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			-57190000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			0
	Purchase of property, plant and equipment			543970000
	Proceeds from sales of investment property			0
	Purchase of investment property			11760000
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			130160000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) investing activities	-425570000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			1630000
	Proceeds from issuing other equity instruments			-93150000
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			0
	Repayments of borrowings			274740000
	Payments of lease liabilities			104380000
	Dividends paid			48930000
	Interest paid			248490000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			1126850000
	Net cash flows from (used in) financing activities			358790000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-123970000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			-123970000
	Cash and cash equivalents cash flow statement at beginning of period			525580000
	Cash and cash equivalents cash flow statement at end of period			401610000

Signatory Details
Name of signatory	Aslesh Parekh
Designation of person	Managing Director
Place	Mumbai
Date	22-May-2025