Gulf Oil Lubricants India Ltd
NSE:GULFOILLUB
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Gulf Oil Lubricants India Ltd
Gulf Oil Lubricants India Ltd. engages in the manufacture and distribution of lubricating products. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2014-07-31. The firm operates under three segments, namely automotive, industrial and exports. Gulf Oil offers a range of engine oil, gear oils, greases and specialties for bikes, scooters, cars, light and heavy commercial vehicles, and tractors. Its industrial network includes direct industry accounts and industrial distributors that supply Gulf Oil's products to small and medium industries and users. Gulf Oil's industrial lubricants, including hydraulic fluids, metalworking fluids, greases and industrial gear oils, are used in a range of applications in industries, such as construction, manufacturing, textile, power generation, mining, food processing, light-heavy engineering, marine operations, and metal working.
Gulf Oil Lubricants India Ltd. engages in the manufacture and distribution of lubricating products. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2014-07-31. The firm operates under three segments, namely automotive, industrial and exports. Gulf Oil offers a range of engine oil, gear oils, greases and specialties for bikes, scooters, cars, light and heavy commercial vehicles, and tractors. Its industrial network includes direct industry accounts and industrial distributors that supply Gulf Oil's products to small and medium industries and users. Gulf Oil's industrial lubricants, including hydraulic fluids, metalworking fluids, greases and industrial gear oils, are used in a range of applications in industries, such as construction, manufacturing, textile, power generation, mining, food processing, light-heavy engineering, marine operations, and metal working.
Record Volumes: Gulf Oil Lubricants posted an all-time high quarterly volume of 41,500 KL, marking record revenue and EBITDA for the company.
Strong Growth: Lubricant volumes grew by 8% this quarter, doubling the market growth rate, with double-digit growth in key B2C, OEM, and agri segments.
Margin Expansion: EBITDA margin rose 67 bps sequentially, returning to above 13% despite rupee depreciation and cost pressures.
Dividend Increased: The Board raised the interim dividend to INR 21 per share, signaling confidence in business performance.
EV Business Momentum: The Tirex EV subsidiary delivered 83% revenue growth in Q3 and is expected to close the year above INR 100 crores in revenue with positive EBITDA.
Continued Guidance: Management reiterated lubricant volume growth guidance of 2–3x market and maintained a 12%–14% EBITDA margin band.
Capacity Expansion: Ongoing capex at Silvassa and Chennai will boost future capacity, with current demand met via existing facilities.
