Gulf Oil Lubricants India Strengthens EV Play with ₹381 Crore Investment in Tirex Transmission; Reports Robust Q2 FY26 Financials

Gulf Oil Lubricants India Limited announced a significant strategic investment and strong Q2 FY26 financial results that underline its commitment to growth and expansion in the electric vehicle (EV) ecosystem and lubricants industry.

 

In the latest move to deepen its foothold in the EV market, Gulf Oil invested ₹380.9 million to increase its stake by an additional 14.1% in Tirex Transmission, a prominent manufacturer of DC fast chargers. This acquisition strengthens Gulf Oil’s position in the EV charging infrastructure sector, expected to witness robust growth globally and in India’s estimated $1-1.4 billion market opportunity over the next 5-7 years. Tirex’s capabilities complement Gulf Oil’s ambitions for an end-to-end EV charging ecosystem.

 

Financially, Gulf Oil showcased solid performance for the quarter ended September 30, 2025. The company delivered consolidated revenue from operations of ₹9.67 billion, demonstrating year-on-year growth and resilience. Its consolidated net profit stood at ₹855.6 million, reflecting steady profitability amidst market dynamics. The company’s EBITDA and margin details confirm operational efficiency and sustained momentum.

 

Other important financial highlights include:

This performance marks Gulf Oil Lubricants India’s strategic alignment with future mobility solutions, leveraging both its core lubricant business and emerging EV infrastructure capabilities.

 

Notable updates:

Sources: Reuters, Moneycontrol, Gulf Oil India official releases, Economic Times, MT Bureau.