Shares of Gulf Oil Lubricants rose 2.14% to ₹1,071.60 on the BSE after the company disclosed a 37.4% YoY net profit jump to ₹115.4 crore.
Revenue climbed 45.9% to ₹1,409 crore, up from ₹966 crore a year earlier, while EBITDA increased 40.2% to ₹164 crore, keeping the margin at 11.6% from 12.1% in the prior year.
In the quarter, lubricant volume grew 16% YoY despite West‑Asia supply constraints, with OEM and B2B segments delivering double‑digit growth. The OEM franchise workshop saw high double‑digit gains driven by agriculture and commercial vehicle oil, while the B2B industrial, infrastructure and mining arms added new customers, bolstering volume.
Ravi Chawla, Managing Director and CEO, said, "Q2 was a testament to our agility amid a challenging environment. Our pricing interventions and sourcing helped us maintain a per‑litre margin band, supporting a 16% volume growth in lubricants." He added that the firm’s premium‑ization strategy is gaining traction.
Looking ahead, Gulf Oil plans to continue profitable expansion, with a focus on operational excellence and long‑term value creation. The company remains confident in sustaining its growth trajectory amid volatile input costs, with guidance pointing to steady revenue and profit growth in the next quarter.