• Consolidated Revenue grew by 23% in FY 2026 to INR 24,077 crore from INR 19,551 crore in FY 2025.
  • Consolidated EBITDA grew by 27% in FY 2026 to INR 716 Crore from INR 562 crore in FY 2025.
  • Consolidated EBIDTA Margin in FY 2026 was 2.97% against 2.88% in FY 2025.
  • Consolidated PAT registered a phenomenal growth of 50% in FY 2026, INR 369 crore from INR 246 Crore in FY 2025.
  • Consolidated ROCE, for the FY 2026 is 37%.
  • EPS for FY 2026 was INR 12.52, which is all-time high.

*(INR in Cr)

ParameterFY 2026FY 2025VarianceQ4 FY 2026Q4 FY 2025Variance
Revenue24,07719,55123%6,2005,46213.50%
EBITDA71656227%20813258%
PBT48532549%14870111%
PAT36924650%11949144%
  • Operating revenue has increased from INR 19,551 crore to INR 24,077 crore, witnessing y-o-y growth of 23%. The growth was contributed from increased market share driven by both volume expansion and value appreciation. The company got benefitted of newer markets from southwestern region in India through new refinery at Mangalore and deeper market penetration across urban and semi urban areas.
  • The Company recorded strong annual performance with total sales volume increasing to 19,20,089 MT during FY26 from 16,99,821 MT in FY25 with a y-o-y growth rate of 13%. This was mainly led by market expansion for company’s products across domestic and international geographies, unlocking new markets.
  • EBITDA of the company increased to INR 716 crore in FY26 from INR 562 crore in FY25 with increased scale of operations. EBIDTA margins improved on account of better operational efficiencies and optimized working capital cycle.
  • Company’s PBT and PBT margins saw y-o-y growth of 49% and 21% respectively in FY26, on account of various cost control measures, robust raw material procurement, rationalizing debt and lowered finance cost along with prudent risk management practices for commodity hedging.

Mr. Kanubhai Thakkar, Chairman & Managing Director, while commenting on the results expressed his happiness on company’s exponential growth across all parameters. He said “this record-high EPS was driven by strong sales volumes within the Indian market and successful expansion of the company’s export footprint to new markets. We believe our growth despite macro challenges will be driven by robust in-house supply chain, procurement capabilities and diversified product basket”.

He opined that continued growth in the business, would enable the company to prioritize on rewarding shareholders adequately, going forward.