Gulf Oil Lubricants India jumped 10% to Rs 622.95 after the company fixed 23 April 2020 as the record date for payment of interim dividend for the financial year 2019-20.
The company's board at the meeting held on 9 April 2020 declared an interim dividend of Rs 7 per equity share for the financial year 2019-20.
Gulf Oil Lubricants India' net profit rose 12.21% to Rs 55.87 crore on 8.69% decline in net sales to Rs 421.86 crore in Q3 December 2019 over Q3 December 2018.
Gulf Oil Lubricants India, part of Hinduja Group, is an established player in Indian lubricant market. It markets a wide range of automotive and industrial lubricants, greases, 2-wheeler batteries, etc.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
