Mumbai — In a landmark quarter, Gulf Oil Lubricants India Limited, a flagship company of the Hinduja Group, announced its unaudited financial results for the quarter and nine-month period ended December 31, 2024, marking an unprecedented achievement in its growth journey.
Breaking Barriers in Financial Performance
The company reported a quarterly revenue of Rs. 904.88 crores, representing a robust 10.72% year-on-year increase and setting a new benchmark by crossing the Rs. 900 crores mark for the first time in a single quarter. Equally impressive, the quarter’s EBITDA hit an all-time high of Rs. 122.20 crores, registering a 10.03% YoY growth and an improved margin of 13.50%—an increase of 89 basis points sequentially. The solid performance was further underscored by a PAT of Rs. 98.17 crores, growing by 21.59% compared to the corresponding quarter in 2023.
Over the nine-month period, the company achieved a revenue of Rs. 2,639.28 crores—an 8.56% rise from the previous year—with PAT surging by 21.54% to Rs. 270.63 crores, reflecting its resilient business model amid challenging market conditions.
Strategic Initiatives and Market Leadership
Ravi Chawla, Managing Director & CEO, highlighted that the company’s agility in navigating macro-economic headwinds was central to its success. “Our focused approach enabled us to achieve our highest-ever quarterly volume with a strong double-digit topline growth, a testament to our consumer-centric brand strategies and operational excellence,” he stated.
The company’s dynamic branding campaign, “The Unstoppables,” featuring renowned sports icons MS Dhoni, Hardik Pandya, and Smriti Mandhana, played a pivotal role in strengthening customer engagement. The campaign’s innovative blend of cinema and sports not only enhanced the brand’s visibility but also fostered a deeper connection with its audience. Additionally, Gulf Oil continued its active involvement in community events such as India Bike Week 2024 in Goa, drawing over 25,000 motorcycle enthusiasts and generating significant digital traction with 1.2 billion impressions.
Robust Partnerships and Forward-Looking Growth
Gulf Oil’s strategic collaborations have further cemented its market position. The company has entered into a partnership with Nayara Energy to expand its premium automotive lubricants footprint nationwide and has renewed its exclusive partnership with Piaggio India, extending its market reach in both two-wheeler and commercial vehicle segments.
Manish Gangwal, CFO, emphasized that stable input costs combined with strong revenue growth enabled the company to maintain healthy margins and deliver superior cash flow. “Our strategic theme UNLOCK 2.0 is paving the way for dynamic growth. With premiumization at the core of our business and a steadfast commitment to transformation, we are well-positioned to harness future opportunities,” he explained.
Rewarding Shareholders and Community Initiatives
In recognition of its stellar performance and robust cash flow generation, the Gulf Oil Board declared an interim dividend of Rs. 20.00 per equity share—a remarkable 1,000% on the face value of Rs. 2 per share. This move underscores the company’s commitment to maximizing shareholder returns.
Beyond financial performance, Gulf Oil has also made significant strides in corporate social responsibility. Recent initiatives include the inauguration of water ATMs in Chennai, benefiting over 1,500 families, and educational programs that have reached thousands of students across multiple schools, focusing on literacy, health, and vocational skills.
A Promising Outlook
Looking ahead, Gulf Oil remains optimistic about the future. With early signs of demand recovery bolstered by anticipated government capital expenditure and infrastructure projects, the company is poised to continue its trajectory of sustainable, profitable growth. Strengthening its core lubricants business while expanding its presence in the emerging EV Charging segment, Gulf Oil is set to reinforce its market leadership and drive long-term success.
In an era marked by volatility and change, Gulf Oil Lubricants India Limited stands as a beacon of resilience and strategic foresight—demonstrating that with the right mix of innovation, brand engagement, and operational discipline, even the most challenging environments can yield record-breaking achievements.
(Rs. In Crores, except as stated otherwise)
| Q3 FY’25 | Q2 FY’25 | Q-o-Q | Q3 FY’24 | Y-o-Y | 9M FY’25 | 9M FY’24 | Y-o-Y | |
| Revenue from Operations | 904.88 | 849.33 | 6.54% | 817.26 | 10.72% | 2,639.28 | 2,431.28 | 8.56% |
| EBITDA | 122.20 | 107.15 | 14.04% | 111.06 | 10.03% | 345.60 | 304.33 | 13.56% |
| EBITDA Margin (%) | 13.50% | 12.62% | 89 BPS | 13.59% | -8 BPS | 13.09% | 12.52% | 58 BPS |
| Profit After Tax (PAT) | 98.17 | 84.44 | 16.25% | 80.74 | 21.59% | 270.63 | 222.66 | 21.54% |
| Basic EPS (In Rs)* | 19.94 | 17.15 | 16.46 | 54.99 | 45.40 |
