This Small-cap Refinery stock is in focus as it jumped 7 percent after announcing an MoU with Jawaharlal Nehru Port Authority for the development of Vadhvan port for the handling of Cargo.
Share Price Movement
With a market capitalization of Rs. 1,575 Crore, the stock of Gandhar Oil Refinery opened at Rs. 156.95, up 3.63 percent from yesterday’s close, and after opening, it made a high of Rs. 161.50, up 6.63 percent following its MoU News.
Update from the Company
Gandhar Oil Refinery signed an MoU (Memorandum of Understanding) with JNPA (Jawaharlal Nehru Port Authority) to develop a terminal at Vadhvan Port located in Maharashtra. They will handle container, bulk, and liquid cargo and enhance infrastructure and digital services.
Total CAPEX for the project will be approximately Rs. 1,000 Crore, and the project is expected to commence in the year 2030. Subject to a competitive bidding process.
Also read: Smallcap stock in focus after it plans to acquire Biryani By Kilo; Analyst gives buy rating
About the Company
Founded in 1992 and headquartered in Mumbai, Gandhar Oil Refinery is a prominent specialty oil company, primarily engaged in producing a wide range of white oils, petroleum jelly, liquid paraffin, and other specialty products. The company caters to various sectors, including healthcare, personal care, automotive, industrial, and food processing industries.
Financial Highlights
The company reported an 8.88 percent YoY decrease in revenue from Rs. 1,103 Crore in Q3FY24 to Rs. 1,005 Crore in Q3FY25. On a QoQ basis, the company reported an increase of 7.48 percent in revenue from Rs. 935 Crore in the previous quarter.
Their Net profit saw a decrease of 60.78 percent YoY from Rs. 51 Crore to Rs. 20 Crore for the same period. On a QoQ basis, the company reported an increase of 11.11 percent in Net profit from Rs. 18 Crore in the previous quarter.
Written By Abhishek Das
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