Gandhar Oil Refinery (India) Ltd., a leading manufacturer of white oils by revenue, engaged in producing Pharmaceutical, Health Care, and Performance Oil (PHPO), Process Insulating Oil (PIO) and Lubricants, has announced Q1 FY25 profit after tax (PAT) of Rs. 32.6 crore versus Rs. 12.1 crore in Q4 FY24. 

The company has secured an order by Texol Lubritech FZC (Subsidiary Co.) from Abu Dhabi National Oil Company (ADNOC) for approximately value of Rs. 10,000 crores for three years.

Revenues for the Q1 FY25 stood at Rs. 994.8 crore compared to Rs. 1,070.4 crore in Q1 FY24. For Q1 FY25, the revenue breakdown is as follows: PHPO leads with 46.7%, lubricants account for 29%, PIO represents 9.3%, and channel partners contribute 15.1%.

Commenting on the results, Aslesh Parekh, Joint Managing Director said, “Gandhar remains one of the largest producers of white oils globally which caters to the pharma, FMCG, cosmetics, and similar industries by way of its PHPO products which constituted 46.7% of its consolidated turnover in Q1 FY 2025. We also produce lubricants (industrial & automobile) and PIO consisting of rubber processing oil and transformer oil. PHPO remains our main focus area which is expected to grow substantially on account of growth in disposable income, increase in healthcare expenditure, increase in urban and rural demand and similar favourable factors. Our overseas sales were subject to global challenges like the Red Sea issues and consequent increase in freight rates and shortage of containers. It is on account of these reasons that the overseas sales in Q1 FY25 was lower than that of Q4 FY24. Domestic demand has picked up substantially which has helped in compensating for the reduction of overseas sales."