Gulf Oil Lubricants India Posts Steady Q4 Performance: Declares ₹28 Dividend Per Share

Lubricants Leader Delivers Strong Earnings and Remunerates Shareholders

 

Gulf Oil Lubricants India Ltd. has registered impressive financial results for the quarter-ended March, reaffirming its solid market position. The firm posted revenue from operations of ₹9.15 billion, indicating consistent growth. Further, Gulf Oil Lubricants posted a net profit of ₹916.2 million, indicating sound financial health. As a gesture to reward its shareholders, the firm has announced a dividend of ₹28 per share, reflecting its shareholder value orientation.

 

Key Highlights:

 

Revenue Growth: Gulf Oil Lubricants India Ltd. recorded ₹9.15 billion in revenue from operations, demonstrating stable business growth.

 

Profitability: The firm recorded a net profit of ₹916.2 million, affirming its financial resilience.

 

Dividend Declaration: Gulf Oil Lubricants declared a ₹28 per share dividend, appreciating its shareholders.

 

Market Outlook: The company's robust earnings report is likely to enhance investor confidence, as it keeps on performing well in the lubricants business.

 

Gulf Oil Lubricants India Ltd. is still a dominant force in the lubricant business, with a consistent record of showing robust financial performance. The recent earnings report attests to its strength and strategic performance, placing it in good stead for further growth.

 

Source:Moneycontrol, Economic Times, INDmoney.