Gulf Oil Lubricants India has reported strong financial performance for the second quarter of fiscal year 2026, demonstrating growth across key metrics and strategic expansion in the electric vehicle (EV) charging sector.

Financial Highlights

The company delivered impressive results for Q2 FY26:

The robust revenue growth was primarily driven by strong performance across both B2C automotive and B2B industrial segments.

Strategic Expansion in EV Charging

In a significant move to strengthen its position in the growing electric vehicle market, Gulf Oil Lubricants India's Board has approved increasing the company's stake in its EV charger subsidiary, Tirex:

• Current stake increase: 14%
• New total stake: 65%

Tirex has shown remarkable growth, recording a 75% increase in revenue for H1 FY26, underlining the potential of this strategic investment.

Corporate Recognition

Adding to its achievements, Gulf Oil Lubricants India has been recognized as one of India's Best Managed Companies 2025 by Deloitte India. This accolade reflects the company's strong management practices and overall business performance.

Outlook

The company's robust financial performance, coupled with its strategic expansion in the EV charging sector, positions Gulf Oil Lubricants India well for future growth. The recognition from Deloitte India further validates the company's management capabilities and business strategies.

As the automotive and industrial sectors continue to evolve, Gulf Oil Lubricants India appears to be adapting its business model to capitalize on emerging opportunities, particularly in the electric vehicle space.

Gulf Oil Lubricants India Limited recently shared its business outlook during a conference call, providing insights into its growth strategy, margin expectations, and plans for its EV charging subsidiary. The company's management outlined several key points that could shape its future performance.

Margin Improvement and Currency Stability

Gulf Oil Lubricants expects margins to improve if the rupee stabilizes at current levels. This outlook is supported by the company's observation of downward trends in base oil prices, which could potentially contribute to better profitability.

Volume Growth Targets

The company has set ambitious volume growth targets:

This aggressive growth strategy demonstrates Gulf Oil Lubricants' confidence in its market position and ability to outperform the industry average.

EBITDA Margin Guidance

Gulf Oil Lubricants maintains a consistent EBITDA margin guidance:

This guidance provides investors with a clear expectation of the company's profitability targets across various market conditions.

EV Charging Subsidiary Outlook

For its Tirex EV charging subsidiary, Gulf Oil Lubricants has set forth revenue projections:

This forecast suggests that Gulf Oil Lubricants is positioning itself to capitalize on the growing electric vehicle market in India.

Recent Financial Performance

According to the company's latest financial results:

These figures indicate strong year-over-year growth in both revenue and EBITDA, aligning with the company's ambitious growth strategy.

Gulf Oil Lubricants' forward-looking statements and financial performance suggest a company focused on growth and adaptability in a changing market landscape. As the company navigates fluctuations in currency and raw material prices, its strategy appears geared towards maintaining strong margins while aggressively pursuing market share growth.