Gulf Oil Lubricants Q2 Profit Jumps 34% to ₹117 Crore

Gulf Oil Lubricants India posted a 34% year-on-year growth in standalone profit after tax to ₹117 crore in the September quarter.

The company's revenue from operations rose 44% year-on-year to ₹1,379 crore.

The lubricants volume growth reached 16% year-on-year despite tough market conditions.

Managing Director and CEO Ravi Chawla said the performance was underpinned by distribution expansion in B2C and strong market execution.

Whole-Time Director and CFO Manish Gangwal said the company closed the quarter on a strong note, reporting 37% growth in EBITDA during the quarter.

The company remains confident to continue outperforming the industry, supported by a diversified portfolio and strong partnerships.

Gulf Oil Lubricants' net profit stood at ₹245 crore against ₹184 crore, reflecting growth of 33% year-on-year, for the half-year ended September 2026.