Gulf Oil Lubricants Reports Decrease in Quarterly Profit Despite Revenue Growth

Gulf Oil Lubricants India, part of the Hinduja Group, announced a dip in its consolidated profit after tax, which fell by 3.46% to Rs 85.59 crore for the March quarter. This contrasts with the previous year's Rs 92.80 crore profit during the same period, showcasing a decline in profitability.

However, the company also reported an increase in its revenue from operations, which jumped by 10.76% to Rs 1,055.26 crore compared to Rs 952.74 crore in the same quarter of the previous fiscal year. This revenue boost was primarily propelled by sustained customer demand and a strategic focus on business agility.

Ravi Chawla, Managing Director and CEO of Gulf Oil Lubricants India, noted a strong performance for the quarter, achieving record volumes and revenue. The company saw a 14% increase in lubricant volumes, outperforming industry trends, and saw significant growth in Passenger Car Motor Oils and Commercial Vehicle Oils.

For the entire fiscal year 26, the company achieved a milestone as their consolidated revenue surpassed Rs 4,000 crore, despite various geopolitical challenges. The company maintains a commitment towards growth, particularly in the mobility sector.

(With inputs from agencies.)