Gandhar Oil Hits 20% Upper Circuit After Record Q1 Profit
Key Takeaways
- •Gandhar Oil Refinery India shares hit the 20% upper circuit after reporting record Q1 profits with margins more than doubling.
- •The company manufactures specialty oils, lubricants, and petroleum jellies for personal care, healthcare, and industrial applications across domestic and international markets.
- •Gandhar Oil Refinery India completed its public listing in 2023 and currently operates with an effectively debt-free balance sheet.
- •Management plans to fund future capacity expansion through internal accruals to reduce reliance on external borrowing and associated interest costs.
Gandhar Oil Refinery India shares hit the 20% upper circuit after the company reported a record profit for the first quarter, according to CNBC-TV18.
The move followed the company's June-quarter earnings, in which its margin more than doubled. CNBC-TV18 reported the market reaction in a story published on July 23, 2026, under the headline "Gandhar Oil hits 20% upper circuit after record Q1 profit, margin more than doubles."
Gandhar Oil Refinery India is a manufacturer of specialty oils, lubricants, and petroleum jellies used across personal care, healthcare, and industrial applications. The company, which completed its public listing in 2023, serves both domestic and international markets.
Management said Gandhar Oil Refinery India continues to operate with an effectively debt-free balance sheet. The company also said it plans to fund future capacity expansion through internal accruals, a stance that reduces reliance on external borrowing and interest costs.
An upper circuit is the maximum intraday price movement permitted by the exchange for a stock before trading restrictions are triggered. The company is listed under Gandhar Oil Refinery India Ltd. on CNBC-TV18's market pages.
