Mumbai: Gulf Oil Lubricants India Limited (BSE: 538567, NSE: GULFOILLUB), part of the Hinduja Group, has announced results (Gulf Oil Q1 FY26), delivering its highest-ever quarterly volume, revenue, and EBITDA.
Gulf Oil Q1 FY26 achieved consolidated revenue from operations of ₹1,016.45 crore, up 13.69% year-on-year, marking the first time it has crossed the ₹1,000 crore milestone in a single quarter. Standalone revenue stood at ₹996.36 crore, an increase of 12.57% YoY.
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Gulf Oil Q1 FY26 Consolidated PAT rose 12.90% YoY to ₹95.17 crore, while standalone PAT increased 9.81% YoY to ₹96.66 crore. Consolidated EBITDA grew 12.29% to ₹127.39 crore, with margins at 12.53%.
Managing Director & CEO Ravi Chawla said, “We delivered another market-leading performance with 11% double-digit volume growth, more than three times the industry rate. Growth was driven by the MCO category in B2C, robust B2B industrial demand, and strong results from OEM Franchise Workshops.”
Gulf Oil Q1 FY26: Segment Performance Highlights
- Motorcycle Oil (MCO): Strong double-digit growth, supported by the Pride relaunch with upgraded API-SP specifications.
- B2B Industrial & Infra: Double-digit growth, with significant gains in the metal and infrastructure sectors.
- OEM Franchise Workshops (FWS): High double-digit growth across categories, especially in Agri OEMs.
- EV Charging Business – Tirex: 163% revenue growth to ₹24 crore, driven by scale-up from existing customers and new marquee wins.
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The board has approved a ₹55 crore capex plan to increase total manufacturing capacity by 70% to 240 million litres over two years. The Silvassa plant will expand from 90 to 140 million litres, and the Chennai facility from 50 to 100 million litres.
CFO Manish Gangwal said, “Crossing ₹1,000 crore in quarterly consolidated revenue is a significant milestone. We remain focused on operational efficiency, profitability, and strategic growth in both our core and mobility segments.”
