Gulf Oil Lubricants Reports 32.5% Revenue Growth in First Quarter

Gulf Oil Lubricants India Limited has posted a 32.5% year-on-year increase in standalone revenue from operations, reaching Rs 1,320.4 crore for the first quarter ending June 30, 2026, up from Rs 996.4 crore in the corresponding period of the previous fiscal year.

The company reported a 31.9% growth in standalone profit after tax, which rose to Rs 127.5 crore compared to Rs 96.7 crore in the same quarter last year. EBITDA increased 34.6% to Rs 170.4 crore, maintaining an EBITDA margin of 12.9%. Operational growth was driven by a 17% year-on-year increase in total lubricant volumes across B2C, B2B, and OEM segments, offsetting supply chain disruptions and input cost inflation triggered by ongoing geopolitical friction in West Asia.

Ravi Chawla, Managing Director and Chief Executive Officer, noted that volume expansion across core categories supported overall financial performance despite volatile macro conditions. Manish Gangwal, Whole-Time Director and Chief Financial Officer, added that pricing adjustments and strategic sourcing enabled the firm to sustain margins amid elevated crude prices and raw material constraints.