Gulf Oil Lubricants India Limited (GULFOILLUB:NSE) shares closed at ₹1,120.10 on the National Stock Exchange (NSE) on February 13, 2026, marking a 3.28% decrease from the previous close. The price movement follows the company’s designated record date for an interim dividend and the release of its third-quarter financial results for the period ended December 31, 2025.
Financial Overview
The company reported a consolidated revenue from operations of ₹1,017.55 crore for the quarter, representing a 10.56% increase compared to ₹920.35 crore in the same period last year. This performance brings the total nine-month revenue for the current fiscal year to ₹3,000.78 crore, marking the first time the company has surpassed the ₹3,000 crore threshold in a nine-month period.
Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) reached ₹132.46 crore, an increase of 7.80% over the previous year’s quarter. The EBITDA margin for the period stood at 13.02%, a decrease from the 13.35% reported in the third quarter of the prior year.
Consolidated Profit After Tax (PAT) for the quarter was ₹76.13 crore, compared to ₹97.31 crore in the corresponding quarter of the previous year, reflecting a 21.77% decline. This decrease is primarily attributed to a one-time provision of ₹22.78 crore made in anticipation of the implementation of new national labor codes. On a normalized basis, excluding the labor code provision and a non-recurring gain from a land sale in the previous year’s base, PAT grew by 7.40%.
Volume and Operational Performance
Lubricant sales volumes grew by 8% year-on-year, which the company noted is approximately double the current industry average. Growth was observed across several key segments. The personal mobility category saw double-digit growth in Passenger Car Motor Oil (PCMO) sales. Industrial and B2B segments recorded increased penetration in manufacturing and infrastructure, while the agri-segment saw a recovery in rural demand following a late monsoon season.
The company’s electric vehicle subsidiary, Tirex Transmission Private Limited, reported revenue growth of 83% for the quarter. In line with its strategy to expand in the EV space, the Board of Directors approved a further investment of ₹38.09 crore to acquire an additional 14.18% stake in Tirex. This transaction increases the company’s total shareholding in the EV charging entity to 65.18%.
Dividend Declaration
The Board of Directors declared an interim dividend of ₹21.00 per equity share for the financial year 2025-26. This represents 1,050% of the face value of ₹2 per share. The record date for determining the eligibility of shareholders for this dividend has been set for February 24, 2026.