Gulf Oil

Gulf Oil Lubricants rises 4% on exclusive pact with Piaggio Vehicles

Gulf Oil Lubricants share price surged after the company said that it has renewed partnership agreement with Piaggio Vehicles

Gulf Oil Lubricants July-September PAT grows 15% to Rs 84.44 crore

Lubes maker Gulf Oil Lubricants India on Wednesday reported a 15 per cent growth in profit after tax (PAT) at Rs 84.44 crore for the three months to September 2024. The Hinduja Group firm had delivered a PAT of Rs 73.66 crore in the second quarter of FY 2023-24. Its revenue from operations for the quarter increased 5.86 per cent to Rs 849.33 crore from Rs 802-30 crore a year ago, it stated. The company also delivered an EBITDA (earnings before interest, taxes, depreciation and amortisation) of Rs 107.15 crore, up 6.64 per cent compared to Rs 100.48 crore for the second quarter of FY24, Gulf Oil Lubricants said. "We had a good quarter in spite of the volatile market conditions with Q2 and H1 FY25 PAT growth at healthy 15 per cent and 22 per cent, respectively, on a year-on-year basis. "We focused on sustaining our margins, achieving an improvement in gross margin, resulting in an EBITDA of 12.62 per cent of revenue, while investing in brand, digital and human resources to enhance t

Gulf Oil Q1 results: Net profit rises 29% to Rs 88.02 cr, revenue up 9%

Lubes maker and Hinduja Group firm Gulf Oil Lubricants India's net profit rose 29 per cent to Rs 88.02 crore in three months to June over the same period last year, the company said on Tuesday. Gulf Oil Lubricants India had posted a net profit of Rs 68.30 crore in the first quarter of FY 2023-24. Revenue from operations for the reporting quarter stood at Rs 885.07 crore, up 9.04 per cent from Rs 811.71 crore in Q1FY24, it said. It also said that the company delivered a higher EBITDA (earnings before interest, taxes, depreciation and amortization) at Rs 116.24 crore in the previous quarter as against Rs 92.78 crore, registering a year-on-year growth of 25.28 per cent in the corresponding quarter of FY24. The EBITDA margin during the period grew 170 basis points at 13.13 per cent, from 11.43 per cent last year, within the guided range of 12-14 per cent as the company increased investment in brand and customer-centric activities, Gulf Oil Lubricants India said. "Our first-quarter ...

Stocks to Watch, May 22: Apollo Tyres, Biocon, Gulf Oil, Ircon Int'l

European markets closed on a negative note, with Germany's DAX falling 0.22 per cent and the UK's FTSE dropping 0.09 per cent

Gulf airlines have cheap oil but Air India has software talent: CDTO

Ramaswamy said the airline will be launching a unified employee portal 'myAI' to perform all employee service activities in one place

Hardik Pandya's brand value jumps after winning strike against Pakistan

Among the brands Pandya is endorsing currently are Monster Energy drink, Gulf Oil, William Lawson scotch, boAt, and Britannia

We should export water to Gulf in exchange for fuel: Goa agri minister

If Arabs can charge us for petrol extracted from under the earth, let us do the same with water which we can source by blocking rainwater: Goa's Agriculture Minister Ravi Naik

Gulf Oil's profit after tax falls 8% to Rs 58.6 crore in December quarter

Lubes maker Gulf Oil on Thursday reported an eight per cent drop in profit after tax (PAT) to Rs 58.63 crore for the December 2021 quarter.

Gulf Oil Lubricants partners Gulf Oil Intl for exploring EV charging space

The charging station market, as per estimates, is expected to have a good potential in coming years, wherein around 50-60 per cent is expected to be in residential charging solutions

Saudi Aramco gets $8 billion with jumbo five-part bond deal: Report

The move is part of an onslaught on international debt markets by Gulf issuers seeking to plug finances hit by the pandemic and weak oil prices

Gulf Oil second-quarter net profit declines 4.59% to Rs 59.13 crore

Hinduja group-owned lubes maker Gulf Oil reported a 4.59 per cent decline in net profit at Rs 59.13 crore for the September quarter of this fiscal. The company had posted a net profit of Rs 61.98 crore in Q2FY20, according to a Gulf Oil release on Saturday. The net sales declined 2 per cent to Rs 411.74 crore in the September quarter, as compared to Rs 421.28 crore in the July-September period of the previous fiscal. The company has recorded all round growth in July-September quarter to deliver significantly improved numbers based on initiatives to drive up volume growth across all segments and continuing cost prudence measures, Gulf Oil said in the release. "The demand conditions across many segments were showing strong revival and we are pleased to deliver a robust performance on both top line and bottom line front with highest quarterly profitability and highest EBITDA margins," said Ravi Chawla, Managing Director & CEO, Gulf Oil Lubricants India Ltd. A robust supply chain and

Working with the Gulf

India must accept responsibilities for its diaspora

US-Iran war could lead to rise in crude prices, threaten Gulf oil exports

If the US killing of Iranian general Qasem Soleimani on Friday leads to conflict between Washington and Tehran, oil facilities could be targeted in Gulf states

Gulf Oil extends pact with Bajaj Auto for supply of engine oil by 3 years

At present, Gulf Oil supplies engine oil to Bajaj Auto in markets across 20 countries, including India

Gulf Oil joins hands with Piaggio Vehicles for co-branded lubricants

The new products have been co-developed for the entire range of commercial vehicles, including the ones conforming to the upcoming BS-VI emission norms.

Gulf Oil partners with Manchester United

Partnership marks a further step in Gulf's intent to strengthen its brand presence globally