Gulf Oil Lubricants India Limited — Updates, 06-02-2025: Press Release

Gulf Oil Lubricants India Limited has reported significant financial achievements for the third quarter and nine months ending December 31, 2024, crossing quarterly revenues of Rs. 900 Crore for the first time. Revenue from operations reached Rs. 904.88 Crore, up 10.72% year-on-year, while EBITDA improved to Rs. 122.20 Crore, an increase of 10.03% YoY. PAT surged 21.59% YoY to Rs. 98.17 Crore. For the nine-month period, revenues totaled Rs. 2,639.28 Crore, reflecting an 8.56% YoY growth.

The company has declared an interim dividend of Rs. 20.00 per equity share. On the strategic front, Gulf Oil has entered a partnership with Nayara Energy to promote premium automotive lubricants and renewed its exclusive collaboration with Piaggio India until 2032. Moreover, strong marketing campaigns and community engagement initiatives highlight the company's commitment to brand growth and customer connection. The outlook remains positive, supported by expected demand recovery in various segments, bolstered by increasing government expenditure and infrastructure projects.