Gulf Oil shares jumped more than 4% in the morning trade after the company announced its Q3 results. As of 9:48 AM, the shares were trading 4.56% higher at Rs 1,125.80.
The company posted a remarkable 21.7% rise in net profit, reaching ₹98.2 crore, compared to ₹80.7 crore in the same quarter last year. Revenues from operations grew by 10.7% to ₹904.9 crore, setting a new record for the company’s highest-ever quarterly revenue, up from ₹817.3 crore YoY. At the operating level, EBITDA increased by 10.1%, amounting to ₹122.3 crore in Q3 FY25, compared to ₹111.1 crore in Q3 FY24.
While EBITDA margin narrowed slightly to 13.5% from 13.6%, the company’s strong profit growth and revenue performance demonstrate its robust financial health.
In addition to the positive financial results, Gulf Oil Lubricants declared an interim dividend of ₹20 per equity share of face value ₹2 each, marking an impressive 1000% dividend payout for FY25. Shareholders can expect the record date for the dividend entitlement on February 14, 2025.
Gulf Oil shares opened at 1,114.95, reaching a high of 1,149.00 and a low of 1,088.40. The stock is currently trading significantly below its 52-week high of 1,513.55 and above its 52-week low of 812.00.
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