Financial Highlights:

  • Q2 Revenues at Rs. 533.52 crores, a QoQ growth of 28% and YoY growth of 30%
  • Q2 PAT at Rs. 58.70 crores, a QoQ growth of 93% 
  • H1 Revenues at Rs. 950.89 crores, a growth 46% YoY for H1
  • H1 PAT at Rs. 89.05 crores, up 17% YoY for H1
Commenting on the performance, Mr. Ravi Chawla, Managing Director & CEO, Gulf Oil Lubricants India Ltd., said “With 2nd wave subsiding from June’21 onwards, markets started opening up which led to demand conditions across the segments improving. The Company is focusing on continuing its consistent, market leading growth journey and is geared up to mitigate the challenges of unprecedented rise in input costs with series of price interventions already taken to move towards restoring margins. We have reignited our brand and marketing efforts as both ATL and BTL activities have been pushed and gathering pace with slight ease in pandemic situation almost across the country currently. We will continue our customer acquisition drive in B2B and infra segments and with the high brand recall and distribution reach initiatives, our B2C segment should continue to do well. We are also having a lot of internal focus in evaluating the evolving EV space and where Gulf can play to make it a potential future segment for us and our investment in a UK based electric Car Charger company Indra Renewable Technologies was a first such step in that direction.”  



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Gulf Oil Lubricants India Ltd. has lost -15.37% in the last 1 Month
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