Gulf Oil Lubricants India

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 Lubricants India promoter sells 4% stake for over Rs 263 crore

Gulf Oil International Mauritius Inc, promoter of Gulf Oil Lubricants India, on Thursday divested a 4 per cent stake in the company for over Rs 263 crore through open market transactions. According to the block deal data available on the BSE, Gulf Oil International Mauritius Inc. offloaded 19,50,000 shares, amounting to a 3.96 per cent stake in Gulf Oil Lubricants India. The shares were disposed of at an average price of Rs 1,351 apiece, taking the transaction value to Rs 263.44 crore. After the stake sale, Gulf Oil International Mauritius' holding has come down to 67.8 per cent from 71.76 per cent. UTI Mutual Fund (MF), ITI MF, Baroda BNP Paribas MF, JM Financial MF, Aditya Birla Sun Life Insurance, Axis Securities and Societe Generale were among the buyers of Gulf Oil Lubricants India's shares. Shares of Gulf Oil Lubricants India declined 4.88 per cent to close at Rs 1,370.95 apiece on the BSE. In a separate transaction on the BSE, Cube Highways and Infrastructure II sold 1.16

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 Oil Lubricants Q3 results: Profit after tax rises 29% to Rs 80.74 cr

Lubes maker Gulf Oil Lubricants has reported a 29 per cent rise in profit after tax to Rs 80.74 crore in the December 2023 quarter. Gulf Oil Lubricant delivered a PAT of Rs 62.65 crore in the same quarter of 2022, the company said in a statement. The company's revenue from operations for the third quarter of this fiscal increased 4.63 per cent to Rs 817.26 crore from Rs 781.10 crore in the year-ago period, it added. The company said it also delivered the highest-ever quarterly EBITDA (earnings before interest, taxes, depreciation and amortisation) at Rs 111.06 crore during the period under review, 23.38 per cent higher compared to Rs 90.02 crore a year ago. Strong momentum was maintained during the quarter, and a good uptick in volume was majorly driven by growth in agri and PCMO (passenger car motor oil), Gulf Oil said. Its managing director and CEO Ravi Chawla said, "Our key focus remains on strategic, sustainable, and profitable growth across our portfolio". This quarter witne

Gulf Oil Lubricants India PAT grows 41% to Rs 73.63 cr in Sept quarter

Lubes maker Gulf Oil Lubricants India on Wednesday said its profit after tax grew 41.22 per cent year-on-year to Rs 73.63 crore in the September quarter. The company had booked a Profit After Tax (PAT) of Rs 52.14 crore in the second quarter of fiscal 2022-23. The top line increased 12 per cent to Rs 802 crore in the reporting quarter as against Rs 719.50 crore in Q2FY23, it said. The quarter witnessed a good all-round performance on volume, revenue, margin and profit fronts with continued robust double-digit revenue growth and further sequential improvement in margins leading to the first time crossing the Rs 100 crore EBITDA mark in a single quarter, Gulf Oil said. In a seasonally subdued quarter due to monsoon, OEM Franchise Workshops (FWS), B2B and infra segments clocked double-digit volume growth while retail volumes also showed better growth with agri and motorcycle products coming back stronger, it said. The quarter witnessed reasonably stable input cost, which helped garne

Gulf Oil Lubricants India PAT grows 20.8% to Rs 68.30 cr in June quarter

Lubes maker Gulf Oil Lubricants India on Thursday reported a 20.8 per cent growth in standalone Profit After Tax (PAT) at Rs 68.30 crore in the June quarter. The Hinduja Group company had posted a standalone PAT of Rs 56.53 crore in the first quarter of the previous fiscal, according to a statement. Net revenue for the quarter grew 14.90 per cent to Rs 811.71 crore. The company said it achieved record revenues for the quarter in relatively challenging conditions in the after-market and the growth was led by the B2B and Infra segments as well as the OEM franchisee workshop (authorised service) channel. "During June'23 quarter, the company witnessed a robust revenue growth of 15 per cent and PAT growth of 23 per cent on the back of sequential margin improvements and easing of forex volatility, which paved the way for higher brand investments by leveraging our brand assets during IPL season," Ravi Chawla, Managing Director & CEO of Gulf Oil Lubricants India Ltd, said. There was some

Analysts caution against betting on crude-dependent chemical stocks

The Russia-Ukraine crisis has sprung up worries for the sector yet again as analysts say margins of chemical companies will be impacted due to the rise in prices of crude oil

Gulf Oil Lubricants Q1 profit after tax rises 77% to Rs 30.35 crore

Lubes maker Gulf Oil Lubricants on Thursday reported a 77 per cent growth in profit after tax (PAT) at Rs 30.35 crore for the quarter ended June.

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

Gulf Oil Lubricants India inks pact with South Korea's S-Oil Corporation

Gulf Oil Lubricants India on Monday said it has entered into a long-term strategic partnership with South Korea's S-Oil Corporation

Gulf Oil Lubricants India clocks record 59% growth in net profit for Q3

Net revenue for the reporting quarter stood higher at Rs 3.55 billion, up by 34.3 per cent versus Rs 2.64 billion in December quarter of FY17

Gulf Oil Lubricants hit record high on strong Q1 results

The stock up 5% to Rs 657 after the company posted 52% YoY jump in net profit at Rs 31 crore in Q1FY17.

Gulf Oil Lubricants hits lifetime high on stake hike by promoter

The stock rallied 9% to Rs 589 after the promoter Gulf Oil International Mauritius Inc acquired nearly two percentage points stake in the company through open market.