Q4FY17 Results: Gulf Oil Lubricants

Gulf Oil Lubricants India reported its results for the quarter ended March 31, 2017 on Sunday.

Total sales for this quarter, Q4FY17, came in at Rs. 298.9 crore. This represents 9.5 per cent sequential increase and 10.2 per cent YoY increase.

Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 43.9 crore and the EBIT margin stood at 14.7 per cent.

It reported PAT of Rs. 32.1 crore which represents a sequential QoQ increase of 16.3 per cent and a YoY increase of 6.8 per cent.

For the year, annual growth of the lubricant industry is estimated to be 2-3%. Whereas the company, as it has consistently done for last few years, achieved more than three times industry growth rate and recorded approximately 11% volume growth for the full year.

The Board of Directors have recommended a final dividend of Rs. 5 per equity share for the face value of Rs. 2 each.

Today, the stock opened at Rs. 788.5 and touched its 52-week high of Rs. 793.95 on an intra-day basis on the BSE.

Gulf Oil Lubricants India Limited (GOLIL), part of Hinduja Group, is an established player in Indian lubricant market. It markets a wide range of automotive and industrial lubricants, greases, 2-wheeler batteries, etc. The Gulf Oil International Group's core business is manufacturing and marketing an extensive range consisting over 400 performance lubricants and associated products for all market segments.