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Gulf Oil Lubricants India Ltd News

Gulf Oil shares jump 5% after company partners with Nyara Energy; Details

Gulf Oil's entire automotive product range of lubricants for two-wheelers, passenger cars, commercial vehicles, and agriculture-related vehicles, will be made available across Nayara Energy's network

Gulf Oil shares jump 5% after company partners with Nyara Energy; Details
Updated On : 24 Dec 2024 | 1:17 PM IST

Gulf Oil Lubricants rises 4% on exclusive pact with Piaggio Vehicles

Gulf Oil Lubricants share price surged after the company said that it has renewed partnership agreement with Piaggio Vehicles

Gulf Oil Lubricants rises 4% on exclusive pact with Piaggio Vehicles
Updated On : 18 Dec 2024 | 1:45 PM IST

Gulf Oil Lubricants July-September PAT grows 15% to Rs 84.44 crore

Lubes maker Gulf Oil Lubricants India on Wednesday reported a 15 per cent growth in profit after tax (PAT) at Rs 84.44 crore for the three months to September 2024. The Hinduja Group firm had delivered a PAT of Rs 73.66 crore in the second quarter of FY 2023-24. Its revenue from operations for the quarter increased 5.86 per cent to Rs 849.33 crore from Rs 802-30 crore a year ago, it stated. The company also delivered an EBITDA (earnings before interest, taxes, depreciation and amortisation) of Rs 107.15 crore, up 6.64 per cent compared to Rs 100.48 crore for the second quarter of FY24, Gulf Oil Lubricants said. "We had a good quarter in spite of the volatile market conditions with Q2 and H1 FY25 PAT growth at healthy 15 per cent and 22 per cent, respectively, on a year-on-year basis. "We focused on sustaining our margins, achieving an improvement in gross margin, resulting in an EBITDA of 12.62 per cent of revenue, while investing in brand, digital and human resources to enhance t

Gulf Oil Lubricants July-September PAT grows 15% to Rs 84.44 crore
Updated On : 06 Nov 2024 | 9:06 PM IST