$GANDHAR efinery (India) shares locked in a 20% upper circuit on July 23, 2026, after the company reported a sharp sequential jump in Q1FY27 results. Standalone net profit quadrupled to ₹179 crore from ₹44.13 crore in the March quarter, while revenue surged to ₹1,591 crore from ₹929 crore. EBITDA rose significantly to ₹249.2 crore, with margins expanding to 15.7% from 7%. The board declared an interim dividend of ₹2 per share. Management credited healthy revenue growth, improved gross margins, agile sourcing, and strong demand in PHPO and PIO segments despite geopolitical headwinds and crude volatility. Peers Panama Petrochem and Savita Oil climbed up to 10% on positive sentiment spillover. The company remains optimistic on sustained demand for value-added products.

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