Gulf Oil Lubricants India Limited reported a record quarterly profit after tax (PAT) of ₹1,275.2 million for the first quarter ended June 30, 2026, marking a 31.9% year-on-year increase. The Hinduja Group company delivered robust top-line growth with standalone revenue from operations rising 32.5% to ₹1,320.4 million, demonstrating resilience against West Asia supply disruptions and elevated crude prices. This performance underscores the company’s ability to maintain margin stability through disciplined pricing and cost management in a volatile macro environment.

The unaudited financial results were filed with the stock exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and published in Business Standard, The Economic Times, and Maharashtra Times on August 4, 2026. The filing confirms that the company maintained uninterrupted supply to OEMs and distributors throughout the period.

Financial Performance Highlights

On a standalone basis, Gulf Oil Lubricants achieved an EBITDA of ₹1,724.4 million in Q1 FY27, up 34.6% from ₹1,297.2 million in the corresponding quarter of FY26. The EBITDA margin expanded by 20 basis points to 12.9%, reflecting effective mix management. Consolidated revenue stood at ₹1,327.2 million, while consolidated PAT reached ₹1,208.4 million, a 27.0% increase over the previous year’s ₹951.7 million.

Note: EPS figures are not annualised.

Operational Drivers and Segment Growth

The quarter’s financial strength was underpinned by a 17% year-on-year growth in lubricant volumes. Ravi Chawla, Managing Director & CEO, attributed this to strong execution across key segments. The B2C segment saw double-digit growth led by the passenger car motor oil (PCMO) category, while the OEM Franchise Workshop (FWS) channel recorded high double-digit gains driven by agriculture, medium commercial vehicle (MCO), and PCMO segments. The B2B industrial, infrastructure, and mining verticals also contributed significantly through new customer acquisitions.

Additionally, the company’s EV subsidiaries, Tirez and ElectreeFi, expanded their footprint. Tirez increased its AC and DC charger presence via strategic partnerships with charge point operators (CPOs) and construction equipment OEMs, while ElectreeFi secured new customers among leading CPOs, reinforcing its position in the EV charging ecosystem.

Margin Management Amid Headwinds

Manish Gangwal, Whole-Time Director & CFO, highlighted that elevated crude prices and constrained raw material availability pressured input costs. However, the company offset these headwinds through proactive pricing actions and cost measures, keeping margins stable at approximately 13%. This disciplined approach allowed the firm to deliver profitable growth despite the challenging supply landscape in West Asia.

Strategic Marketing Initiative

During the quarter, Gulf Oil Lubricants launched the 'Dream Beyond, Do Beyond' B2B brand campaign. Inspired by customer interactions and the phrase "Gulf ke log, kaam ke log," the initiative uses AI-driven visuals to address supply security concerns among partners. The campaign aims to reinforce trust in the company’s people and service capabilities during periods of market volatility.

Gulf Oil Lubricants India Limited will host an earnings conference call on Tuesday, August 4, 2026, at 16:00 IST to brief analysts and institutional investors on its financial performance. The discussion will cover the company's unaudited standalone and consolidated results for the first quarter ended June 30, 2026, providing stakeholders with insights into business operations and key financial metrics for Q1FY27.

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing, dated July 28, 2026, was submitted through the BSE Listing Centre and NEAPS to both the Bombay Stock Exchange and the National Stock Exchange of India Limited. The schedule is subject to change due to exigencies on the part of the investor or the company.

Conference Call Details

The earnings call will be led by senior management, including Ravi Chawla, Managing Director and CEO, and Manish Gangwal, Whole-Time Director and CFO. The session aims to provide a comprehensive overview of the quarter's performance and address queries from market participants.

Access Information

Investors and analysts can join the conference call using the following access numbers provided by ICICI Securities:

• Universal Access: +91 22 6280 1144 / +91 22 7115 8045
• Toll-Free Numbers:
  • Singapore: 8001012045
  • Hong Kong: 800964448
  • UK: 08081011573
  • USA: 18667462133

A Diamond Pass registration link is also available for participants who prefer web-based access. For further clarifications, investors may contact Jaideep Goswami, Head of Equities, or other designated coordinators listed in the official notice.

Corporate Governance

Ashish Pandey, Company Secretary and Compliance Officer, issued the intimation on behalf of Gulf Oil Lubricants India Limited. The company's registered and corporate office is located in Andheri East, Mumbai. As part of the Hinduja Group, the firm continues to adhere to strict disclosure norms to ensure transparency with its investor base.