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

Updated: November 06, 2025 00:31

Image Source: Moneycontrol

Gulf Oil Lubricants India has invested ₹380.9 million to increase its stake in Tirex Transmission to 14.1%, aligning with its EV strategy. The company posted a consolidated revenue of ₹9.67 billion and a net profit of ₹855.6 million for Q2 FY26, continuing its growth trajectory backed by expanding EV and lubricant segments

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:

Revenue from operations maintained a strong growth trend, backed by volume increases and premium product mix.
Continued expansion plans with increased manufacturing capacity and robust product demand.
Enhanced focus on EV-related investments, positioning Gulf Oil at the intersection of traditional lubricants and new mobility trends.

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:

₹380.9 million invested for an additional 14.1% stake in Tirex Transmission.
Consolidated revenue from operations reached ₹9.67 billion in Q2 FY26.
Consolidated net profit reported at ₹855.6 million for the quarter.
Continued growth plans with a focus on capacity expansion.
Commitment to expanding EV ecosystem presence through strategic investments.

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

Stay Ahead – Explore Now! Desco Infratech Bags Rs 28.4 Million Worth Of New Orders, Boosting Project Pipeline

STORIES YOU MAY LIKE

Image source: Awaz The Voice

OxygenOS 16 Breathes New Life into OnePlus 13 Series with AI-Powered Flair

Image Source: The Financial Express

Rain Revival Meets Winter’s Whisper: A Tale of Two Indias with Delhi in the Smog Spotlight

Image Source: Zee News

Varanasi’s Namo Ghat Becomes Beacon of Faith as CM Yogi Adityanath Lights Dev Deepawali Flame

Image Source: Business Mirror

Manila Magic Meets Indian Ambitions: The Volleyball Lesson of 2025

Image Source: SIS Ltd

SIS Limited Posts Robust Q2 FY26 Results with 15% Revenue Growth and Record High EBITDA

Image Source: ANI News

Ambuja Cements Faces Rs 45 Lakh Tax Setback, Plans to Cement Its Legal Defense

Image Source: Business Standard

Piramal Pharma Q2 FY26: ₹99 Crore Net Loss Amid CDMO Business Challenges, Revenue at ₹2,044 Crore

Top Searches

Suggestions

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

STORIES YOU MAY LIKE

Live Blogs

Top Stories

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

STORIES YOU MAY LIKE

Subscribe to receive the day's headlines from WOWNEWS 24X7 straight in your inbox

Live Blogs

Top Stories