Oil Marketing & Distribution company Gulf Oil Lubricants India announced Q4FY24 & FY24 results: Q4FY24 Revenues at Rs 852.82 crore, Up 7.67 % YoY Q4FY24 EBITDA at Rs 115.04 crore, Up 31.42% YoY Q4FY24 PAT at Rs 85.43 crore, Up 37.41% YoY FY24 Revenues at Rs 3,284.10 crore, Up 9.50% YoY FY24 EBITDA at Rs 419.38 crore, Up 22.33% YoY FY24 PAT at Rs 308.10 crore, Up 32.63% YoY Declared final dividend of Rs 20.00 per equity share, 1,000% on Face Value of Rs 2 per share. Total dividend for the full year at Rs 36.00 per equity share (including Interim dividend of Rs 16 per share i.e., 800% on FV of Rs 2 per share paid in Feb'24) Commenting on the performance, Ravi Chawla, Managing Director & CEO, Gulf Oil Lubricants India , said, “We have had an excellent quarter, maintaining our growth momentum. In the financial year, we have gained market share in B2B and B2C, expanded our distribution, and launched new products across segments which have been innovative and value driven. This clearly showcases our relentless efforts towards yet another unstoppable performance setting standards for the industry. Our success spanned various categories, strong growth in AdBlue® and strategic focus on premium products. We are continuously growing by capitalizing on robust distribution and brand initiatives as our strong pillars of growth. Our key focus remains on strategic, sustainable, and profitable growth across our portfolio over long term in line with our segment-wise focus and brand strategies. With a positive outlook, we believe that the company will continue to deliver industry leading performance driven by our sustained focus on increasing market share, growing distribution, brand activations, enhancing our focus on premiumisation and leveraging our strengths to growing our business in e-mobility with the strategic acquisitions made. As we unlock the next level of growth, we anticipate market demand to keep growing in coming years due to strong GDP growth, significant manufacturing and infrastructural impetus, acceleration in automotive industry, increased vehicle penetration levels and shift towards more inclusive rural and urban development. Robust domestic demand and a growing middle class will help sustain India's growth momentum and remain in the bright spot for coming years” Manish Gangwal, CFO, Gulf Oil Lubricants India Ltd commented “Our continuous efforts on maintaining operational excellence and enhance profitability helped us achieve another remarkable year of industry leading performance. Amidst some variation in input cost towards the end of FY24, we showcased our prudent margin management efforts and focused on a better product mix translating to quarterly EBITDAof Rs 115.04 crore, sustaining at 13.49% EBITDA to revenue. Our Revenues have witnessed near 10% growth for the year and profitability registered significant growth of 37% during the quarter over the same period last year and 33% growth for full year showcasing our efforts towards driving business excellence. Drawing a lot of confidence from the overall performance and cash flow generations from business, in order to maximize shareholders value, the Board has declared final Dividend of Rs 20.00 per equity share, amounting to 1,000% on the Face Value of Rs 2 per Share. Total dividend for the full year at Rs 36.00 per equity share (including Interim dividend of Rs 16 per share i.e., 800% on FV of Rs 2 per share paid in Feb'24). Going forward, our strategic focus remains clear. We are committed to outperform the industry with 2-3x of volume and value growth, effective margin management, enhancing profitability and maximizing return to shareholders.” Result PDF