Gandhar Oil Refinery (India) Ltd Share Price – NSE  /  BSE

Refineries, Small Cap

Gandhar Oil Refinery (India) has received a work order worth of Rs. 15.20 crore from Bengaluru Electricity Supply Company (BESCOM) for the purpose of supply of New Insulating Oil Uninhibited (U) Type- II Transformer Oil.

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The order entails the supply of EHV Grade Type-II Transformer Oil. The contract will be executed within eight months from the date of commencement period, which begins 30 days after the company receives the official purchase order.

Gandhar Oil Refinery India is a leading manufacturer of white oils by revenue with a growing focus on the consumer and healthcare end-industries. It is engaged in producing pharmaceutical, health care, and performance oil (PHPO), process insulating oil (PIO) and lubricants. The firm’s products are sold under flagship brand “Divyol”.

The company’s consolidated net profit jumped 9.1% to Rs 47.32 crore in Q3 FY24 as compared with Rs 43.38 crore recorded in Q3 FY23. Revenue from operations increased marginally to Rs 1,102.62 crore from Rs 1,098.04 crore posted in Q3 FY23.

The scrip shed 0.60% to settle at Rs 214.65 on Friday on the BSE.

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Net profit of Gandhar Oil Refinery (India) rose 9.08% to Rs 47.32 crore in the quarter ended December 2023 as against Rs 43.38 crore during the previous quarter ended December 2022. Sales rose 0.42% to Rs 1102.62 crore in the quarter ended December 2023 as against Rs 1098.04 crore during the previous quarter ended December 2022.

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Net profit of Gandhar Oil Refinery (India) rose 13.13% to Rs 43.61 crore in the quarter ended December 2023 as against Rs 38.55 crore during the previous quarter ended December 2022. Sales declined 7.20% to Rs 736.58 crore in the quarter ended December 2023 as against Rs 793.74 crore during the previous quarter ended December 2022.

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