Oil Marketing & Distribution company Gulf Oil Lubricants India announced Q4FY26 & FY26 results Consolidated Financial Highlights: The Revenue from Operations for Q4FY26 stood at Rs 1,05,526.21 lakh, showing a growth of 3.71% QoQ compared to Rs 1,01,755.31 lakh in Q3FY26 and an increase of 10.76% YoY compared to Rs 95,274.05 lakh in Q4FY25. Total Income for the quarter Q4FY26 was Rs 1,08,048.39 lakh, representing a growth of 3.70% QoQ from Rs 1,04,190.42 lakh and a growth of 10.76% YoY from Rs 97,550.51 lakh. The Net Profit for Q4FY26 was Rs 8,959.00 lakh, an increase of 17.67% QoQ compared to Rs 7,613.33 lakh in Q3FY26, but a decline of 3.46% YoY from Rs 9,279.85 lakh in Q4FY25. For the full year ended March 31, 2026 (FY26), Revenue from Operations reached Rs 4,05,604.06 lakh, up by 11.70% compared to Rs 3,63,116.09 lakh in FY25. The Net Profit for FY26 stood at Rs 34,484.94 lakh, representing a decrease of 3.51% compared to Rs 35,738.73 lakh in FY25. The company recorded an exceptional item of Rs 2,278.21 lakh in FY26 (specifically in Q3FY26) related to additional obligations from the implementation of new labour codes. Earnings Per Share (EPS) for Q4FY26 (after exceptional items) was Rs 18.17, compared to Rs 15.50 in Q3FY26 and Rs 18.70 in Q4FY25. Standalone Financial Highlights: Revenue from Operations for Q4FY26 was Rs 1,04,023.83 lakh, an increase of 4.24% QoQ from Rs 99,792.30 lakh and a growth of 13.68% YoY from Rs 91,508.29 lakh. Total Income for the quarter reached Rs 1,06,505.00 lakh, rising 4.22% QoQ from Rs 1,02,195.77 lakh and 13.63% YoY from Rs 93,732.60 lakh. Net Profit for Q4FY26 stood at Rs 9,001.84 lakh, showing an improvement of 16.75% QoQ compared to Rs 7,710.66 lakh, while declining 1.74% YoY compared to Rs 9,161.70 lakh. For the full financial year FY26, standalone Revenue from Operations was Rs 3,99,130.58 lakh, compared to Rs 3,55,436.07 lakh in FY25, marking a growth of 12.29%. Standalone Net Profit for FY26 was Rs 35,091.86 lakh, a decrease of 3.13% from Rs 36,224.97 lakh in FY25. Business Highlights: Dividend: The Board of Directors has recommended a final dividend of Rs 30 per equity share (1,500%) of the face value of Rs 2 each for FY25-26. Including the interim dividend of Rs 21 per share paid earlier, the total dividend for the year stands at Rs 51 per equity share (2,550%). Segment Performance: The company's business consists of a single segment, "Lubricants," as per the requirements of Ind AS-108 "Operating Segment." Consequently, no separate segment information has been provided. Exceptional Items: The company accounted for an additional obligation of Rs 2,278.21 lakh due to the implementation of new labour codes (including the Code on Wages, 2019) effective from November 21, 2025. Share Allotment: During Q4FY26, the company allotted 80,451 and 95,624 fully paid-up equity shares of Rs 2 each pursuant to the exercise of stock options under the Gulf Oil Lubricants India Limited-Employees Stock Option Scheme-2015. Subsidiaries and Associates: The consolidated results include the performance of one subsidiary, Tirex Transmission Private Limited, and one associate, Techperspect Software Private Limited. For FY26, the subsidiary contributed total revenues of Rs 10,203.69 lakh and a net profit after tax of Rs 30.21 lakh. Ravi Chawla, Managing Director & CEO, said: “Overall Business Performance- The quarter has been a strong one for us, with all-time high quarterly Volumes, Revenue, and EBITDA supported by customer demand and business agility. Lubricants volume for the quarter demonstrated significant momentum recording a growth of 14%, significantly outperforming industry growth by over 3x translating into similar 14% growth in overall revenue, reflecting our continued focus on growth priorities across segments in lubricants and commitment to growing the mobility segment. Growth was broad-based across all key segments, rising above and beyond with industry-leading performance. Passenger Car Motor Oils (PCMO) and Commercial Vehicle Oils (CVO) delivering double-digit growth, while the Agri segment also registered robust double-digit growth. Our OEM Franchise Workshop (FWS) business also recorded strong double-digit growth, supported by sustained momentum across existing partnerships. We continued to strengthen and renew our OEM associations, further reinforcing our leadership position in the OEM FWS segment. B2B Industrial segment continued its strong trajectory with high double-digit growth during the quarter. FY26 has been a year marked by sustained business momentum, with double-digit lubricant volume growth for the full year and disciplined execution amid geopolitical headwinds. We closed the year on a high note as consolidated revenue for the year crossed Rs. 4,000 crore. Mobility- Our EV subsidiary Tirex also continued to gain momentum during the year with revenue for FY26 crossing Rs. 100 crore mark. The business is witnessing encouraging traction with marquee customer additions and remains well aligned with our long-term vision of building a future-ready mobility ecosystem and strengthening the EV segment as a key growth pillar for the Company.” Manish Gangwal, Whole-Time Director & CFO, said: “Overall Financial Performance- With the quarter marked by heightened global volatility and shifting trade dynamics, the Company's performance has been supported by higher volumes and disciplined cost management. Crude remained elevated throughout the latter part of the quarter which led to sharp increase in raw material costs alongside continued weakness in rupee leading to higher input costs and margin pressures. Despite these headwinds, our focus on disciplined pricing actions, cost optimization, and operational agility helped us navigate the quarter effectively. EBITDA for the quarter stood at Rs 135.08 crore with margin of 13.0%. Inspite of all the challenges as above, Company's PBT (before exceptional item) excluding the impact of one-time profit on sale of land parcel in the previous year hasgrown 4% for FY26. Reflecting this performance and our continued focus on long-term value creation, we are pleased to announce that the Board has declared a final dividend of Rs. 30.00 per equity share, representing 1,500% of the face value of Rs. 2 per share, taking the total dividend for FY26 to Rs. 51.00 per equity share i.e., 2,550% on FV of Rs. 2 per share with interim dividend of Rs. 21 per share declared and paid in February 2026. We delivered a strong finish to FY26 with another quarter of consistent double-digit topline growth. Revenue for the full year marked 12.3% growth while for the quarter it was 13.7% growth supported by high double-digit volume uptick. Outlook-Looking ahead, we remain watchful of the evolving macroeconomic environment, particularly continued volatility in crude oil prices and adverse currency movements, which are expected to keep input cost pressures elevated. Despite these external headwinds, we remain confident our ability to respond with agility through timely pricing actions, disciplined cost management, operational efficiencies, and focused execution. We stay committed to driving sustainable growth and delivering long-term value for all stakeholders. Result PDF