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	Consolidated
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

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	Consolidated	Consolidated
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	9617250000	38969230000
	Other income	35390000	130000000
	Total income	9652640000	39099230000
2	Expenses
(a)	Cost of materials consumed	8386850000	34234240000
(b)	Purchases of stock-in-trade	65390000	605400000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	35090000	-141450000
(d)	Employee benefit expense	191300000	531380000
(e)	Finance costs	135100000	483930000
(f)	Depreciation, depletion and amortisation expense	68390000	259010000
(f)	Other Expenses
1	Consumption of Stores and Spares	10800000	34480000
2	Power and Fuel	16370000	54210000
3	Electricity Charges	710000	3880000
4	Labour Charges	30340000	103230000
5	Water Charges	100000	520000
6	Security Charges	2670000	10560000
7	Repairs and Maintenance	33060000	91480000
8	Laboratory Expenses	60000	150000
9	Rsesearch & Development expenditure	9980000	39980000
10	Others	498760000	1644770000
	Total other expenses	602850000	1983260000
	Total expenses	9484970000	37955770000
3	Total profit before exceptional items and tax	167670000	1143460000
4	Exceptional items	0	0
5	Total profit before tax	167670000	1143460000
6	Tax expense
7	Current tax	27250000	269460000
8	Deferred tax	17560000	37900000
9	Total tax expenses	44810000	307360000
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	122860000	836100000
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	-1140000
16	Total profit (loss) for period	122860000	834960000
17	Other comprehensive income net of taxes	6830000	-42100000
18	Total Comprehensive Income for the period	129690000	792860000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	116720000	800320000
	Total profit or loss, attributable to non-controlling interests	6110000	6110000
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	120110000	778590000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	9560000	14270000
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	1.19	8.18
	Diluted earnings (loss) per share from continuing operations	1.19	8.18
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	1.19	8.18
	Diluted earnings (loss) per share from continuing and discontinued operations	1.19	8.18
24	Debt equity ratio	0.0014	0.0014
25	Debt service coverage ratio	0.0248	0.0316
26	Interest service coverage ratio	0.0198	0.0309
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		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	3377170000
	Capital work-in-progress	76500000
	Investment property	8260000
	Goodwill	3300000
	Other intangible assets	8840000
	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	3000000
	Trade receivables, non-current	0
	Loans, non-current	2480000
	Other non-current financial assets	98250000
	Total non-current financial assets	103730000
	Deferred tax assets (net)	0
	Other non-current assets	1118200000
	Total non-current assets	4696000000
2	Current assets
	Inventories	4627040000
	Current financial asset
	Current investments	0
	Trade receivables, current	6703690000
	Cash and cash equivalents	505970000
	Bank balance other than cash and cash equivalents	1018100000
	Loans, current	48810000
	Other current financial assets	136870000
	Total current financial assets	8413440000
	Current tax assets (net)	69680000
	Other current assets	1784770000
	Total current assets	14894930000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	19590930000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	195760000
	Other equity	12165280000
	Total equity attributable to owners of parent	12361040000
	Non controlling interest	528260000
	Total equity	12889300000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	283550000
	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	1182010000
	Total non-current financial liabilities	1465560000
	Provisions, non-current	59600000
	Deferred tax liabilities (net)	57920000
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	1583080000
	Current liabilities
	Current financial liabilities
	Borrowings, current	1532340000
	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	3110600000
	Total Trade payable	3146780000
	Other current financial liabilities	228410000
	Total current financial liabilities	4907530000
	Other current liabilities	207060000
	Provisions, current	3960000
	Current tax liabilities (Net)	0
	Deferred government grants, Current	0
	Total current liabilities	5118550000
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	6701630000
	Total equity and liabilites	19590930000
	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		Consolidated	Consolidated
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	Consolidated	Consolidated
	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	-100000	-1700000
	Total Amount of items that will not be reclassified to profit and loss	-100000	-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	-6910000	40830000
5	Total Other comprehensive income	6830000	-42100000

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			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			1143460000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			483930000
	Adjustments for decrease (increase) in inventories			-149570000
	Adjustments for decrease (increase) in trade receivables, current			-471480000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-22000000
	Adjustments for decrease (increase) in other non-current assets			13270000
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			65510000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			-575000000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			-64210000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			259010000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			-6360000
	Adjustments for provisions, non-current			17250000
	Adjustments for other financial liabilities, current			-77100000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			-48500000
	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			-1370000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			-575810000
	Net cash flows from (used in) operations			567650000
	Dividends received			0
	Interest paid			0
	Interest received			-111490000
	Income taxes paid (refund)			309030000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			147130000
	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			576380000
	Proceeds from sales of investment property			0
	Purchase of investment property			16030000
	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			111490000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-60000
	Net cash flows from (used in) investing activities	-480980000
	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			215530000
	Payments of lease liabilities			123400000
	Dividends paid			48930000
	Interest paid			483930000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			1088850000
	Net cash flows from (used in) financing activities			125540000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-208310000
	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			-208310000
	Cash and cash equivalents cash flow statement at beginning of period			714280000
	Cash and cash equivalents cash flow statement at end of period			505970000