Rescission(s)
As filed · Gandhar Oil Refinery (India) Limited has informed the Exchange about Rescission/termination(s)
What happened
FactGandhar Oil Refinery (India) Limited has informed the Exchange about Rescission/termination(s). Phiroze Jeejeebhoy Towers,. 2024, we hereby wish to inform you that the Joint Venture (JV) Company namely Texol.
Why it matters
CapitSignal interpretationA joint venture commits capital and management time to an asset the company only part-owns.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Margins
ContradictedEBITDA margins expanded to 16.20% compared with 5.1% in Q1 FY26.
Consolidated EBITDA for the quarter stood at INR281 crores compared with INR46 crores in Q1 FY26 and INR64 crores in Q4 FY26, representing a growth of approximately 512% year-on-year and 342% quarter-on-quarter.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Capital commitment and ownership split
- Whether it is consolidated or equity-accounted
- Historically, we've always been doing volume growth in the range of 8% to 10% to even 11%. (management committed by FY27)
- Q3 is definitely sustainable and historically, H2 has been always better than H1. (management committed by H2 FY25)
Evidence
- Gandhar Oil Refinery (India) Limited has informed the Exchange about Rescission/termination(s)(opens the original filing in a new tab)
- Earlier statement · Q1 FY26
- Latest statement · Q1 FY26
- Earlier statement · Q4 FY25
How CapitSignal classified this
- Reasoning:
- JOINT_VENTURE base 54; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%