Gandhar Oil Refinery (India) Ltd on Tuesday (October 27) reported a sharp rise in net profit to ₹186.3 crore for the second quarter, compared with ₹40 crore in the year-ago period. Revenue from operations rose 72.9% year-on-year to ₹1,846.6 crore from ₹1,068 crore.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased to ₹288 crore from ₹66 crore a year earlier. The EBITDA margin expanded to 15.6% from 6% in the corresponding quarter of the previous financial year.
Separately, the company appointed Santosh Kumar Singh as Factory Manager of its Silvassa plant, effective October 27, 2026. He will serve in a full-time employment capacity.
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Singh joined the company on March 1, 2002, and is currently serving as Assistant General Manager – Commercial. His experience includes commercial operations such as billing and invoicing, goods and services tax (GST) and statutory compliance, inventory and stock management, vendor coordination, logistics and administrative functions.
In his current role, Singh is responsible for managing commercial operations, maintaining accurate records, monitoring compliance with applicable laws and implementing internal controls in accordance with company policies and procedures.
Shares of Gandhar Oil Refinery India Ltd ended at ₹314.85, up by ₹14.35, or 4.78%, on the BSE.
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