Gulf Oil Lubricants India Ltd reported Q3 FY26 revenue of Rs 1,017.55 crore, up 10.6% YoY, with record volumes and EBITDA. Net profit dipped 22% to Rs 76.44 crore due to labor code costs, but the board approved Rs 21/share interim dividend (record date Feb 13). Nine-month sales hit Rs 3,000 crore milestone.
Gulf Oil Lubricants India Ltd posted consolidated revenue from operations of Rs 10.18 billion in Q3 FY26, up 10.6 percent year-over-year, driven by robust volumes in PCMO and agri segments. Net profit fell 22 percent to Rs 764.4 million due to exceptional labor code costs, yet the board declared Rs 21 interim dividend per share with record date February 13, 2026. EBITDA hit all-time highs.
Key Financial Metrics
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Consolidated revenue from operations reached Rs 1,017.55 crore, surging 10.56 percent YoY on strong demand and volume growth of 8 percent outperforming industry averages.
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EBITDA climbed 7.80 percent to Rs 132.46 crore, with standalone EBITDA at Rs 130.27 crore up 6.60 percent and margin at 13.05 percent.
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Net profit declined 21.9 percent to Rs 76.44 crore, impacted by Rs 22.78 crore exceptional item from new labor codes implementation.
Strategic Highlights
All-time high quarterly volumes fueled by double-digit gains in passenger car motor oil, agri, industrial, and OEM segments including franchise workshops.
EV subsidiary Tirex posted 83 percent top-line growth and positive EBITDA; partnerships expanded with Mahindra & Mahindra and VinFast.
Sustainability advanced with 100 percent solar power at plants contributing 28 percent of energy; interim dividend of Rs 21 per share declared (1050 percent on Rs 2 face value).
Nine-Month Performance
Consolidated revenue crossed Rs 3,000 crore milestone, up 12 percent YoY to Rs 3,000.78 crore with EBITDA rising 9.79 percent.
Sources: Reuters (RTRS), NDTV Profit, InvestyWise, Whalesbook.