Gulf Oil Lubricants India Ltd

Gulf Oil Lubricants India Ltd share price ticked higher by 4.09% to Rs 1114.15 after the company's net profit surged by 34.88% to Rs 120.84 crore, while revenue from operations gained significantly 25.77% to Rs 1327.21 crore in Q2FY26 over Q1FY26. The market capitalization of Lubricants industry group stocks on BSE stood at Rs 31517.2 crore, rallying 26.48%. It has marginally improved by 0.30% over last one week and climbed by 14.39% in last one month while the market capitalization of Gulf Oil Lubricants India Ltd has inched up 6.12% and 16.25% in the same period respectively. Profit before tax (PBT) of Gulf Oil Lubricants India Ltd stood at Rs 164.69 crore in Q2 FY26, jumping 28.89% year-on-year, and surging by 37.14% quarter-on-quarter. EBITDA came in at Rs 139 crore, expanding by 32.47% YoY and jumping 24.86% sequentially. Total expenses witnessed a sharp rise of 25.94% to Rs 1180.93 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 826.17 crore, witnessing a sharp rise of 44.28% YoY, while employee benefits expense was at Rs 59.93 crore, registering a growth of 11.19% YoY. For the TTM ended FY26, revenue from operations improved 10% to Rs 3631.16 crore, while net profit rose by 16.03% to Rs 357.39 crore, compared to previous TTM. EBITDA jumped by 35690% to Rs 373.54 crore, and PBT expanded by 16.29% to Rs 479.47 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 395.25 crore in FY26, as against Rs 341.42 crore in FY25. Gulf Oil Lubricants India Ltd tumbled by 11.36% in last one year, underperforming the benchmark BSE Sensex which has softened by 3.81% during the same period.

Gulf Oil Lubricants India Limited, a Hinduja Group company, reported revenue from operations of Rs 1,320.4 crore for the quarter ended June 30, 2026, a 32.5% increase compared to Rs 996.4 crore in the same quarter of the previous year, according to a regulatory filing. The company’s profit after tax stood at Rs 127.5 crore, up 31.9% from Rs 96.7 crore a year earlier, driven by a 17% year-over-year growth in lubricants volume and a focus on strategic sourcing and supply-chain efficiencies, despite challenges from the West Asia crisis and elevated crude prices.

Gulf Oil Lubricants India Limited reported a net profit of Rs 12,752.45 crore for the quarter ended June 30, 2026, a significant increase from Rs 9,665.93 crore in the same quarter of the previous year. Total comprehensive income reached Rs 12,759.93 crore, compared to Rs 9,625.02 crore a year prior. Earnings per share (EPS) before exceptional items was Rs 25.76, up from Rs 19.60 in the June 2025 quarter. The company’s profit before tax was notably impacted by an exceptional item of Rs 2,264.11 crore related to an actuarial valuation stemming from new labor codes. During the quarter, 116,701 equity shares were issued due to the exercise of stock options, and the company’s paid-up equity share capital stands at Rs 990.34 crore.

Gulf Oil Lubricants India will hold a meeting of the Board of Directors of the Company on 3 August 2026.

Gulf Oil Lubricants India has allotted 38,751 equity shares under ESOS on 14 July 2026. In view of the above, the issued and paid-up equity share capital of the Company stands increased by Rs 77,502/- aggregating to Rs 9,91,11,052/- comprising of 4,95,55,526 equity shares of Rs 2/- each.

Gulf Oil Lubricants India announced the launch of its new B2B brand campaign, 'Dream Beyond. Do Beyond', aimed at strengthening relationship with stakeholders across the industrial, infrastructure, and OEM segments of its business. The campaign is a celebration of the commitment and partnerships that have long defined Gulf's approach to supporting its customers and showcases how successful collaborations act as powerful enablers of growth for India's manufacturing and infrastructure sectors. It reinforces Gulf's philosophy of consistently going the extra mile, beyond the call of duty and standing shoulder to shoulder to help customers achieve their ambitious goals. It also highlights Gulf's role as a solutions partner that goes beyond lubricants, working closely with customers to understand their operational requirements and deliver tailored solutions for highly demanding projects. The film brings to life Gulf's role as one of India's leading private lubricant companies, powering large-scale endeavours. Over the years, Gulf has worked alongside customers on some of India's most ambitious projects, from iconic bridges and dams to highways, tunnels, and large-scale mining operations, providing next-generation lubrication solutions for some of the most demanding applications.

Gulf Oil Lubricants India announced that the Board of Directors of the Company at its meeting held on 27 May 2026, inter alia, have recommended the final dividend of Rs 30 per equity Share (i.e. 1500%) , subject to the approval of the shareholders.

Net profit of Gulf Oil Lubricants India declined 2.65% to Rs 89.75 crore in the quarter ended March 2026 as against Rs 92.19 crore during the previous quarter ended March 2025. Sales rose 10.76% to Rs 1055.26 crore in the quarter ended March 2026 as against Rs 952.74 crore during the previous quarter ended March 2025. For the full year,net profit declined 3.40% to Rs 347.63 crore in the year ended March 2026 as against Rs 359.85 crore during the previous year ended March 2025. Sales rose 11.70% to Rs 4056.04 crore in the year ended March 2026 as against Rs 3631.16 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales1055.26952.74 11 4056.043631.16 12 OPM %12.9313.51 -12.6713.01 - PBDT138.99141.38 -2 555.13535.24 4 PBT120.09125.21 -4 485.98479.47 1 NP89.7592.19 -3 347.63359.85 -3 Powered by Capital Market - Live

While EBITDA improved by 6.04% to Rs 136.52 crore, EBITDA margin declined by 57 basis points YoY to 12.94% in Q4 FY26. Profit before tax in Q4 FY26 stood at Rs 120.09 crore, down by 4.08% from Rs 125.21 crore recorded in Q4 FY25. Ravi Chawla, MD & CEO, said, 'Overall Business Performance- The quarter has been a strong one for us, with all-time high quarterly Volumes, Revenue, and EBITDA supported by customer demand and business agility. Lubricants volume for the quarter demonstrated significant momentum recording a growth of 14%, significantly outperforming industry growth by over 3x translating into similar 14% growth in overall revenue, reflecting our continued focus on growth priorities across segments in lubricants and commitment to growing the mobility segment. Growth was broad-based across all key segments, rising above and beyond with industry-leading performance. Passenger Car Motor Oils (PCMO) and Commercial Vehicle Oils (CVO) delivering double-digit growth, while the Agri segment also registered robust double-digit growth. Our OEM Franchise Workshop (FWS) business also recorded strong double-digit growth, supported by sustained momentum across existing partnerships. We continued to strengthen and renew our OEM associations, further reinforcing our leadership position in the OEM FWS segment. B2B Industrial segment continued its strong trajectory with high double-digit growth during the quarter. FY26 has been a year marked by sustained business momentum, with double-digit lubricant volume growth for the full year and disciplined execution amid geopolitical headwinds. We closed the year on a high note as consolidated revenue for the year crossed Rs 4,000 crore. Outlook- As we enter the next phase of our growth journey, we remain committed to industry-leading performance across B2C, B2B Industrial & Infra and OEM segments, strengthening our portfolio, driving innovations, and delivering consistent value to consumers across markets. As macro conditions remain dynamic, we are confident in our ability to navigate challenges while continuing to strengthen our growth trajectory. Our focus remains on building a stronger, future-ready organization that consistently delivers sustainable long-term value for all stakeholders. Mobility- Our EV subsidiary Tirex also continued to gain momentum during the year with revenue for FY26 crossing Rs. 100 Crores mark. The business is witnessing encouraging traction with marquee customer additions and remains well aligned with our long-term vision of building a future-ready mobility ecosystem and strengthening the EV segment as a key growth pillar for the company.' Manish Gangwal, Whole-Time Director & CFO, said, 'With the quarter marked by heightened global volatility and shifting trade dynamics, the Company's performance was supported by higher volumes and disciplined cost management. Crude oil prices remained elevated through the latter part of the quarter, leading to a sharp increase in raw material costs, while continued weakness in the rupee further increased input costs and exerted pressure on margins. Despite these headwinds, our focus on disciplined pricing actions, cost optimization, and operational agility helped us navigate the quarter effectively. EBITDA for the quarter stood at Rs. 135.08 crores with a margin of 13.0%. Despite these challenges, the Company's PBT (before exceptional items), excluding the impact of one-time profit on sale of a land parcel in the previous year, grew by 4% in FY2025-26. Reflecting this performance and our continued focus on long-term value creation, the Board has declared a final dividend of Rs. 30.00 per equity share, representing 1,500% of the face value of Rs. 2 per share. This takes the total dividend for FY26 to Rs. 51.00 per equity share, i.e., 2,550% on the face value of Rs. 2 per share, including the interim dividend of Rs. 21 per share declared and paid in February 2026. Standalone quarterly revenue reached an all-time high of Rs. 1,040 crores, growing 13.7% YoY, driven by double-digit volume growth and disciplined business execution. Crude oil prices remained elevated during the latter part of Q4, causing a sharp rise in raw material costs. Overall lubricants volume grew 14% YoY in Q4, outperforming industry growth by more than three times and marking an all-time high quarterly volume. Full-year volume growth stood at 10.5%. The Company delivered a strong finish to FY26 with another quarter of consistent double-digit topline growth. Full-year revenue grew by 12.3%, while quarterly revenue growth stood at 13.7%, supported by strong double-digit volume expansion. Looking ahead, we remain watchful of the evolving macroeconomic environment, particularly continued volatility in crude oil prices and adverse currency movements, which are expected to keep input cost pressures elevated. Despite these external headwinds, we remain confident in our ability to respond with agility through timely pricing actions, disciplined cost management, operational efficiencies, and focused execution. We remain committed to driving sustainable growth and delivering long-term value for all stakeholders.' The board has recommended a final dividend of Rs 30 per equity share of face value Rs 2 each (1,500%) for the financial year 2025-26. The record date for determining eligible shareholders entitled to receive the final dividend will be intimated at a later date. Gulf Oil Lubricants India (GOLIL), part of the Hinduja Group and Gulf Oil International, is a leading player in India's lubricant market offering a comprehensive product portfolio in automotive and industrial lubricants. GOLIL has extensive Pan India distribution network for B2C and tie-ups with over 50 OEMs, 1000+ industrial, infrastructure, and institutional clients for B2B and also exports to over 25 countries. Shares of Gulf Oil Lubricants India declined 0.16% to close at Rs 930 on the BSE on Wednesday, 27 May 2026.Powered by Capital Market - Live

Gulf Oil Lubricants India will hold a meeting of the Board of Directors of the Company on 27 May 2026.