Gulf Oil Lubricants India witnessed a 3% decline in its share price following the release of its recent financial results. The company’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) dipped by 5.5% compared to the previous quarter. Gulf Oil’s EBITDA margin also saw a slight contraction, registering at 12.4%, down from 12.7% in the last quarter.
This downturn reflects some challenges in maintaining profitability amid fluctuating costs and market conditions. As Gulf Oil navigates this period, the slight drop in margins may signal operational adjustments ahead. Investors will likely keep a close watch on Gulf Oil’s strategies for sustaining growth in a competitive landscape.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
As of 9:45 am the shares were trading 2.99% lower at ₹1,226.20 on NSE
