Gulf Oil Lubricants India Limited reported its financial performance for the quarter ended September 30, 2024, showcasing a notable rise in profit while revenue growth remained modest.
Quarterly Financial Highlights (Q2FY25):
- Revenue from Operations: ₹863.98 crore, up from ₹802.30 crore in the same quarter last year, marking a year-on-year increase of 7.7%.
- Total Income: ₹887.74 crore, a growth from ₹819.36 crore in Q2FY24.
- Profit Before Tax (PBT): ₹111.44 crore, up 12.6% from ₹98.98 crore in the corresponding quarter of the previous year.
- Profit After Tax (PAT): ₹82.97 crore, a rise of 12.7% compared to ₹73.61 crore in Q2FY24.
Expense Overview: The company’s total expenses for the quarter stood at ₹773.63 crore, up from ₹720.36 crore in the previous year, driven by:
- Cost of Materials Consumed: ₹449.84 crore, a significant increase from ₹429.05 crore.
- Employee Benefits Expense: ₹46.75 crore, up from ₹39.37 crore, reflecting investments in workforce strength.
Earnings Per Share (EPS):
- Basic EPS for the quarter was ₹17.01, compared to ₹15.00 in Q2FY24.
