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Gulf Oil Lubricants India Ltd Q2FY24; 42% 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 Q2FY24 of ₹802.00 Crores up from ₹720.00 Crore year on year, a rise of 11.39%.
  • Total Expenses for Q2FY24 of ₹720.00 Crores up from ₹659.00 Crores year on year, a rise of 9.26%.
  • Consolidated Net Profit of ₹74.00 Crores up 42.31% from ₹52.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹15.00, up 40.98% from ₹10.64 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: oil
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