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Gulf Oil Lubricants India Ltd Q1FY24; 24% rise in Profits

Gulf Oil Lubricants Ltd is engaged in the business of manufacturing, marketing and trading of automotive and non-automotive lubricants. It is among the top three lubricant companies in India among private players.

Financial Results:

  • Gulf Oil Lubricants India Ltd reported Revenues for Q1FY24 of ₹812.00 Crores up from ₹706.00 Crore year on year, a rise of 15.01%.
  • Total Expenses for Q1FY24 of ₹734.00 Crores up from ₹640.00 Crores year on year, a rise of 14.69%.
  • Consolidated Net Profit of ₹68.00 Crores up 23.64% from ₹55.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹13.93, up 23.38% from ₹11.29 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Lubricants
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