Gulf Oil Lubricants India Limited — Investor Meet, 12-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Gulf Oil Lubricants reported robust Q2/H1 FY26. Lubricant volumes grew 9.5% in Q2, fueling double-digit H1 growth. Revenue rose 12.6% for H1, and EBITDA climbed 10.56% in Q2, despite a Rs. 6 Cr forex loss impacting PAT. EV charger subsidiary Tirex's H1 revenue surged 75% to Rs. 42 Cr; Gulf Oil increased its stake to 65% for Rs. 38 Cr. Management anticipates continued 2-3x market growth, boosted by strong B2C/B2B, new products like Syntrac, and strategic EV expansion. H2 outlook is positive, maintaining a 12-14% EBITDA margin band.