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, Q3 FY25 consolidated revenues for Q3 FY25 stood at Rs. 1,005.3 crore compared to Rs. 935.1 crore in Q2 FY25, while for 9M FY25 it stood at Rs. 2,935.2 crore.

Standalone revenues for Q3 FY25 stood at Rs. 856.9 crore compared to Rs. 761.2 crore in Q2 FY25. Consolidated Manufacturing Volumes for Q3 FY25 remained stable at 132,187 KL, while for 9M FY25 it stood at 372,505 KL. On a Standalone basis, Manufacturing Volumes increased by 13.4% QoQ to 112,483 KL in Q3 FY25.

For 9MFY25, the consolidated revenue breakdown is as follows: PHPO leads with 47.14%; Lubricants account for 28.42%; PIO represents 9.26%; and Channel Partners contribute 15.18%.

Commenting on the Results, Aslesh Parekh, Joint Managing Director said, “We remain one of the largest producers of white oils globally, with PHPO products accounting for 47.14% of our consolidated turnover. Additionally, our lubricants and PIO products, including rubber processing oil and transformer oil, contribute to the diversification of our portfolio. Our consolidated manufacturing volumes for Q3 FY25 remained stable at 132,187 KL, while standalone volumes rose by 13.4% QoQ to 112,483 KL. Revenues for Q3 FY25 grew by 7.5% to Rs. 1,005.3 crore compared to Rs. 935.1 crore in Q2 FY25, with standalone revenues reaching Rs. 856.9 crore in Q3 FY25, up from Rs. 761.2 crore in Q2 FY25."

"During the 9M FY25 ended we have faced headwinds in terms of decline in Realization/KL and consequent reduction in margins also caused by increased freight costs, but we remain confident of riding the wave and seeing a better Q4 FY25 and the foreseeable future due to our resilient products and our ability to overcome choppy and volatile environment,” added Parekh.