Gulf Oil Lubricants India Ltd's Q3FY25 Quarter Results
- 07 Feb 2025
Result Summary
- Gulf Oil Lubricants India Ltd reported a 7.5% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 14.3%.
- Its expenses for the quarter were up by 6.4% QoQ and 13.4% YoY.
- The net profit increased 17.3% QoQ and increased 22.5% YoY.
- The earnings per share (EPS) of Gulf Oil Lubricants India Ltd stood at 19.7 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 954.43 | 887.74 | 834.77 | 7.5% | 14.3% |
Total Expenses | 825.73 | 776.34 | 728.01 | 6.4% | 13.4% |
Profit Before Tax | 128.71 | 111.40 | 106.76 | 15.5% | 20.6% |
Tax | 31.74 | 28.47 | 27.36 | 11.5% | 16.0% |
Profit After Tax | 97.32 | 82.97 | 79.45 | 17.3% | 22.5% |
Earnings Per Share | 19.70 | 16.80 | 16.10 | 17.3% | 22.4% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Gulf Oil Lubricants India Ltd is a prominent player in the lubricants sector, primarily engaged in the manufacturing and distribution of automotive and industrial lubricants. Operating within the broader oil and gas industry, the company provides a range of high-performance lubricants that cater to the diverse needs of various sectors including automotive, industrial, and marine. Gulf Oil Lubricants is part of the Hinduja Group, a diversified multinational conglomerate. The company has a well-established market presence in India, known for its robust distribution network and brand recognition. Recent developments in the industry, such as evolving automobile standards and increasing focus on synthetic and eco-friendly lubricants, may impact Gulf Oil Lubricants' operations, although specific recent company developments are not provided here.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Gulf Oil Lubricants India Ltd reported a total income of ₹954.43 crores, reflecting a quarter-over-quarter (QoQ) increase of 7.5% from ₹887.74 crores in Q2FY25. Compared to the same quarter in the previous fiscal year (Q3FY24), the company experienced a year-over-year (YoY) increase in total income by 14.3%, up from ₹834.77 crores. The consistent growth in total income over both the quarterly and yearly periods highlights the company's upward revenue trajectory during this reporting period. This growth could be attributed to factors such as increased sales volumes, pricing strategies, or market expansion efforts.
Profitability
Gulf Oil Lubricants India Ltd's profitability improved significantly in Q3FY25, with the Profit Before Tax (PBT) recorded at ₹128.71 crores, marking a 15.5% QoQ increase from ₹111.40 crores in Q2FY25. On a YoY basis, the PBT rose by 20.6% from ₹106.76 crores in Q3FY24. The company's Profit After Tax (PAT) for Q3FY25 stood at ₹97.32 crores, up by 17.3% QoQ from ₹82.97 crores in the preceding quarter, and increased by 22.5% YoY from ₹79.45 crores in Q3FY24. These figures indicate a robust improvement in profitability, supported by effective cost management and operational efficiencies. The tax expense for the quarter was ₹31.74 crores, showing an 11.5% QoQ rise and a 16.0% YoY increase, aligned with the higher profitability levels.
Operating Metrics
The company's Earnings Per Share (EPS) in Q3FY25 was reported at ₹19.70, which represents a QoQ growth of 17.3% from ₹16.80 in Q2FY25, and a YoY increase of 22.4% from ₹16.10 in Q3FY24. This rise in EPS is reflective of the company's enhanced profitability during the period. Total expenses for Q3FY25 amounted to ₹825.73 crores, experiencing a 6.4% QoQ rise from ₹776.34 crores in Q2FY25, and a 13.4% YoY increase from ₹728.01 crores in Q3FY24. The increase in expenses corresponds with the revenue growth, indicating a proportional expansion in operational activities. The company's operating performance demonstrates effective scaling of operations while maintaining profitability, as evidenced by the concurrent increase in revenue and expenses.
