Gulf Oil Lubricants India quarterly results

Q2 FY27 · Jul–Sep 2026

₹ crore	Q2 FY27	Q2 FY26	Change
Revenue	1,409	967	+45.7%
EBITDA	164	117	+39.3%
EBITDA margin	11.6%	12.1%	−0.5 pts
Profit before tax	154	113	+36.1%
Net profit	115	84.0	+36.4%
EPS	₹23.30	₹17.35	+34.3%

Every quarter

₹ crore except per share

Tap a line for its trend	Q2 FY27Sep 2026	Q1 FY27Jun 2026	Q4 FY26Mar 2026	Q3 FY26Dec 2025	Q2 FY26Sep 2025	Q1 FY26Jun 2025	Q4 FY25Mar 2025	Q3 FY25Dec 2024	Q2 FY25Sep 2024	Q1 FY25Jun 2024	Q4 FY24Mar 2024	Q3 FY24Dec 2023	Earlier quartersAlpha Plus

Expenses
	1,409	1,327	1,055	1,018	967	1,016	953	920	864	894	870	818	Earlier quartersEvery year the company has filed comes with Alpha Plus.
	27.3	26.9	25.2	24.4	25.5	22.5	22.8	34.0	23.8	18.2	19.5	17.3
	1,436	1,354	1,080	1,042	992	1,039	976	954	888	912	889	835
	906	826	573	521	511	533	518	475	450	482	465	439
	84.0	63.1	49.9	41.8	49.7	42.0	44.8	46.7	49.6	44.7	38.1	41.9
	−87.5	−109	−9.2	13.9	−5.2	9.5	−15.8	6.0	−0.3	1.2	9.7	−11.3
	59.7	59.9	53.9	54.7	53.9	50.1	47.9	46.7	46.8	42.1	38.1	38.3
	15.5	8.5	22.8	14.1	13.5	6.0	10.1	14.6	6.6	4.7	5.8	8.3
	21.3	19.5	18.9	17.8	16.3	16.1	16.2	13.3	13.1	13.2	16.1	12.6
	283	322	252	253	240	254	229	224	211	210	202	199
	1,282	1,189	960	917	879	911	850	826	776	798	774	728
	164	166	136	133	117	127	129	123	107	114	117	110
	142	146	118	115	101	111	113	109	94.2	100	101	97.8
Profit
	154	165	120	125	113	128	125	129	111	114	115	107
	0.0	0.0	0.0	−22.8	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	154	165	120	102	113	128	125	129	111	114	115	107
	41.2	46.5	32.4	32.4	31.3	34.3	34.2	31.8	30.2	31.2	30.7	27.7
	−1.8	−2.6	−1.9	−6.5	−2.0	−1.7	−1.8	−0.0	−1.8	−1.7	−2.6	−0.3
	39.4	43.9	30.5	26.0	29.3	32.6	32.4	31.7	28.5	29.5	28.1	27.4
	−0.1	−0.0	0.0	−0.1	0.1	−0.0	−0.1	0.4	0.0	−0.2	0.1	0.0
	115	121	89.6	76.1	84.0	95.2	92.8	97.3	83.0	84.3	86.9	79.4
	115	121	89.6	76.2	83.8	95.2	92.9	97.0	82.9	84.5	86.9	79.4
	2.2	0.1	−27.8	−0.4	−0.1	−0.4	−1.3	−0.7	−0.9	−0.4	0.9	−0.2
	117	121	61.8	75.8	83.9	94.8	91.5	96.6	82.0	83.9	87.9	79.2
	115	123	89.8	76.4	85.6	95.9	92.2	97.9	83.7	86.0	86.2	80.1
	−0.9	−2.3	−0.2	−0.3	−1.6	−0.7	0.6	−0.6	−0.7	−1.7	0.7	−0.7
Per share
	₹23.30	₹24.88	₹18.17	₹15.50	₹17.35	₹19.45	₹18.70	₹19.89	₹17.01	₹17.49	₹17.69	₹16.19
	₹23.06	₹24.71	₹18.04	₹15.31	₹17.07	₹19.30	₹18.53	₹19.72	₹16.83	₹17.34	₹17.39	₹16.05
Other comprehensive income — detail
	2.2	0.1	−27.8	−0.4	−0.1	−0.4	−1.3	—	—	—	—	—
	2.9	0.1	−36.0	−0.5	−0.1	−0.5	−1.6	−0.9	−1.2	−0.5	1.2	−0.3
	0.7	0.0	−8.2	−0.1	−0.0	−0.1	−0.4	—	—	—	—	—
	—	—	—	—	—	—	—	−0.2	−0.3	−0.1	0.2	−0.1
	118	123	61.9	76.1	85.5	95.5	90.9	97.2	82.7	85.6	87.2	79.9
	−0.9	−2.3	−0.1	−0.3	−1.6	−0.7	0.6	−0.6	−0.7	−1.7	0.7	−0.7
Per share — as-filed variants
	₹23.30	₹24.88	₹18.17	₹15.50	₹17.35	₹19.45	₹18.70	₹19.89	₹17.01	₹17.49	₹17.69	₹16.19
	₹23.06	₹24.71	₹18.04	₹15.31	₹17.07	₹19.30	₹18.53	₹19.72	₹16.83	₹17.34	₹17.39	₹16.05
Derived — gross profit (revenue − materials − purchases − Δ inventories)
	507	547	442	441	412	431	405	393	365	366	357	347
	36.0%	41.2%	41.9%	43.3%	42.6%	42.4%	42.6%	42.7%	42.2%	41.0%	41.1%	42.5%
Adjusted (ex-exceptional items) — derived
	154	165	120	125	113	128	125	129	111	114	115	107
	0.0	0.0	0.0	−22.8	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	115	121	89.6	93.1	84.0	95.2	92.8	97.3	83.0	84.3	86.9	79.4
	₹23.30	₹24.88	₹18.17	₹18.96	₹17.35	₹19.45	₹18.70	₹19.89	₹17.01	₹17.49	₹17.69	₹16.19

Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

GULFOILLUB₹1,063.30

Gulf Oil Lubricants India Limited

· Energy & Power

Annual Quarterly₹ CrorePeersSOTL PANAMAPET VEEDOL GANDHARMcap ₹5,253 Cr

View

In ₹ Crore except Per Share 3 Months Ending	Q3 FY24 31/12/2023	Q4 FY24 31/03/2024	Q1 FY25 30/06/2024	Q2 FY25 30/09/2024	Q3 FY25 31/12/2024	Q4 FY25 31/03/2025	Q1 FY26 30/06/2025	Q2 FY26 30/09/2025	Q3 FY26 31/12/2025	Q4 FY26 31/03/2026	Q1 FY27 30/06/2026	Q2 FY27 30/09/2026
Revenue from Operations	817.5	869.6	894.0	864.0	920.4	952.7	1,016.5	966.8	1,017.6	1,055.3	1,327.2	1,408.7
Other Income	17.3	19.5	18.2	23.8	34.0	22.8	22.5	25.5	24.4	25.2	26.9	27.3
Total Income	834.8	889.2	912.2	887.7	954.4	975.5	1,039.0	992.3	1,041.9	1,080.5	1,354.1	1,435.9
Expenses
+ Cost of Materials Consumed	439.5	464.7	482.0	449.8	474.9	518.3	533.5	510.6	521.3	572.6	826.2	905.6
+ Purchases of Stock-in-Trade	41.9	38.1	44.7	49.6	46.7	44.8	42.0	49.7	41.8	49.9	63.1	84.0
+ Changes in Inventories	-11.3	9.7	1.2	-0.3	6.0	-15.8	9.5	-5.2	13.9	-9.2	-109.3	-87.5
+ Employee Benefit Expense	38.3	38.1	42.1	46.8	46.7	47.9	50.1	53.9	54.7	53.9	59.9	59.7
+ Finance Costs	8.3	5.8	4.7	6.6	14.6	10.1	6.0	13.5	14.1	22.8	8.5	15.5
+ Depreciation & Amortisation	12.6	16.1	13.2	13.1	13.3	16.2	16.1	16.3	17.8	18.9	19.5	21.3
+ Other Expenses	198.7	201.7	210.5	210.7	223.6	228.8	253.9	240.3	253.3	251.6	321.5	283.4
Total Expenses	728.0	774.2	798.3	776.3	825.7	850.2	911.2	879.2	916.9	960.4	1,189.4	1,282.0
EBITDA	110.4	117.3	113.6	107.3	122.5	128.8	127.4	117.4	132.6	136.5	165.8	163.5
EBIT	97.8	101.2	100.4	94.2	109.3	112.6	111.3	101.1	114.8	117.6	146.3	142.2
Profit
PBT before Exceptional Items	106.8	114.9	113.9	111.4	128.7	125.3	127.8	113.1	125.0	120.1	164.7	154.0
+ Exceptional Items	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-22.8	0.0	0.0	0.0
Pretax Income	106.8	114.9	113.9	111.4	128.7	125.3	127.8	113.1	102.2	120.1	164.7	154.0
+ Current Tax	27.7	30.7	31.2	30.2	31.8	34.2	34.3	31.3	32.4	32.4	46.5	41.2
+ Deferred Tax	-0.3	-2.6	-1.7	-1.8	-0.0	-1.8	-1.7	-2.0	-6.5	-1.9	-2.6	-1.8
Tax Expense	27.4	28.1	29.5	28.5	31.7	32.4	32.6	29.3	26.0	30.5	43.9	39.4
+ Share of Associates & JVs	0.0	0.1	-0.2	0.0	0.4	-0.1	-0.0	0.1	-0.1	0.0	-0.0	-0.1
Net Income	79.4	86.9	84.3	83.0	97.3	92.8	95.2	84.0	76.1	89.6	120.8	114.5
+ Net Income — Continuing Ops	79.4	86.9	84.5	82.9	97.0	92.9	95.2	83.8	76.2	89.6	120.9	114.6
+ Other Comprehensive Income	-0.2	0.9	-0.4	-0.9	-0.7	-1.3	-0.4	-0.1	-0.4	-27.8	0.1	2.2
Total Comprehensive Income	79.2	87.9	83.9	82.0	96.6	91.5	94.8	83.9	75.8	61.8	120.9	116.7
Net Income to Common	80.1	86.2	86.0	83.7	97.9	92.2	95.9	85.6	76.4	89.8	123.2	115.4
Minority Interest	-0.7	0.7	-1.7	-0.7	-0.6	0.6	-0.7	-1.6	-0.3	-0.2	-2.3	-0.9
Per Share
Basic EPS	16.19	17.69	17.49	17.01	19.89	18.70	19.45	17.35	15.50	18.17	24.88	23.30
Diluted EPS	16.05	17.39	17.34	16.83	19.72	18.53	19.30	17.07	15.31	18.04	24.71	23.06
Other Comprehensive Income — detail
+ Other Comprehensive Income	—	—	—	—	—	-1.3	-0.4	-0.1	-0.4	-27.8	0.1	2.2
+ Items NOT to be Reclassified to P&L	-0.3	1.2	-0.5	-1.2	-0.9	-1.6	-0.5	-0.1	-0.5	-36.0	0.1	2.9
+ Tax on Items NOT to be Reclassified	—	—	—	—	—	-0.4	-0.1	-0.0	-0.1	-8.2	0.0	0.7
+ Tax on Items NOT to be Reclassified — alt tag	-0.1	0.2	-0.1	-0.3	-0.2	—	—	—	—	—	—	—
Comprehensive Income — Owners of Parent	79.9	87.2	85.6	82.7	97.2	90.9	95.5	85.5	76.1	61.9	123.2	117.6
Comprehensive Income — Non-controlling Interests	-0.7	0.7	-1.7	-0.7	-0.6	0.6	-0.7	-1.6	-0.3	-0.1	-2.3	-0.9
Per Share — as-filed variants
Basic EPS — Continuing Operations	16.19	17.69	17.49	17.01	19.89	18.70	19.45	17.35	15.50	18.17	24.88	23.30
Diluted EPS — Continuing Operations	16.05	17.39	17.34	16.83	19.72	18.53	19.30	17.07	15.31	18.04	24.71	23.06
Derived — Gross Profit (Revenue − Materials − Purchases − Δ Inventories)
Gross Profit	347.5	357.1	366.2	364.8	392.8	405.5	431.5	411.7	440.6	441.9	547.3	506.7
Gross Margin %	42.51	41.07	40.96	42.22	42.68	42.56	42.45	42.58	43.30	41.88	41.23	35.97
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	106.8	114.9	113.9	111.4	128.7	125.3	127.8	113.1	125.0	120.1	164.7	154.0
− Exceptional Items (reconciliation)	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-22.8	0.0	0.0	0.0
Net Income Adj (tax-effected)	79.4	86.9	84.3	83.0	97.3	92.8	95.2	84.0	93.1	89.6	120.8	114.5
EPS Adj	16.19	17.69	17.49	17.01	19.89	18.70	19.45	17.35	18.96	18.17	24.88	23.30
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00
Paid Up Equity Capital	9.8	9.8	9.8	9.8	9.9	9.9	9.9	9.9	9.9	9.9	9.9	9.9

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: Q2 FY27 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Gulf Oil Lubricants India Q2 FY27 results (July–September 2026)

Filed with NSE on Wednesday, 28 October 2026 at 5:39 pm IST

Gulf Oil Lubricants India (NSE: GULFOILLUB) reported its Q2 FY27 results (July–September 2026) on Wednesday, 28 October 2026 at 5:39 pm IST. Consolidated net profit attributable to shareholders was ₹115 crore, up 34.9% from ₹85.6 crore in Q2 FY26 and down 6.3% from ₹123 crore in Q1 FY27. Revenue from operations was ₹1,409 crore, up 45.7% year on year and up 6.1% from the previous quarter.

Q2 FY26 results (a year earlier): 5 November 2025
Q3 FY27 results due by: 14 February 2027

Q2 FY27 at a glance · consolidated

Net profit (shareholders'): ₹115 Cr+34.9% vs Q2 FY26−6.3% vs Q1 FY27Total incl. minority interest ₹115 Cr
Revenue from operations: ₹1,409 Cr+45.7% vs Q2 FY26+6.1% vs Q1 FY27
Operating margin (EBIT): 10.1%−0.4 pts vs Q2 FY26−0.9 pts vs Q1 FY27EBIT ₹142 Cr
EBITDA: ₹164 Cr+39.3% vs Q2 FY26−1.4% vs Q1 FY27margin 11.6%
Earnings per share (basic): ₹23.30+34.3% vs Q2 FY26−6.4% vs Q1 FY27
Net profit margin: 8.2%−0.7 pts vs Q2 FY26−1.1 pts vs Q1 FY27

Questions

What was Gulf Oil Lubricants India's net profit in Q2 FY27?

Consolidated net profit attributable to shareholders was ₹115 crore, up 34.9% from ₹85.6 crore in Q2 FY26 and down 6.3% from ₹123 crore in Q1 FY27. Including the minority shareholders' share, total profit was ₹115 crore.

How were Gulf Oil Lubricants India's Q2 FY27 results?

Both grew from a year earlier: net profit was up 34.9% at ₹115 crore and revenue was up 45.7% at ₹1,409 crore. The operating margin was 10.1%, down 0.4 percentage points from 10.5% a year earlier. Against Q1 FY27, net profit was down 6.3% and revenue up 6.1%.

What was Gulf Oil Lubricants India's operating margin in Q2 FY27?

Operating profit (EBIT — revenue less operating expenses, before finance costs and other income) was ₹142 crore, a margin of 10.1%, against 11.0% in Q1 FY27 and 10.5% in Q2 FY26. EBITDA was ₹164 crore, 11.6% of revenue.

What was Gulf Oil Lubricants India's revenue in Q2 FY27?

Revenue from operations was ₹1,409 crore, up 45.7% year on year and up 6.1% from the previous quarter.

What was Gulf Oil Lubricants India's EPS in Q2 FY27?

Basic earnings per share were ₹23.30, against ₹17.35 in Q2 FY26.

When did Gulf Oil Lubricants India announce its Q2 FY27 results?

On Wednesday, 28 October 2026 at 5:39 pm IST, in its results filing to the stock exchanges. A year earlier it reported Q2 FY26 on 5 November 2025.

What was Gulf Oil Lubricants India's net profit in the first half of FY27?

Consolidated net profit attributable to shareholders for the first half of FY27 (April–September 2026) was ₹239 crore, up 31.5% from ₹181 crore in the same months a year earlier. Revenue from operations was ₹2,736 crore, up 38.0%.

What is Gulf Oil Lubricants India's net profit margin?

Gulf Oil Lubricants India's net profit margin was 8.2% in Q2 FY27 (net profit attributable to shareholders as a share of revenue from operations), against 8.9% in Q2 FY26 (down 0.7 percentage points). For FY26 as a whole it was 8.6%.

What was Gulf Oil Lubricants India's net profit in FY26?

Consolidated net profit attributable to shareholders was ₹348 crore in FY26 (April 2025–March 2026), down 3.4% from ₹360 crore in FY25. It was ₹308 crore in FY24 and ₹232 crore in FY23: up 49.6% over three years, 14.4% a year on average.

How has Gulf Oil Lubricants India's profit changed over the last four quarters?

Net profit attributable to shareholders by quarter: ₹76.4 crore in Q3 FY26, ₹89.8 crore in Q4 FY26, ₹123 crore in Q1 FY27 and ₹115 crore in Q2 FY27. That is ₹405 crore over the four quarters, up 8.9% from ₹372 crore in the four quarters before. Revenue from operations: ₹1,018 crore, ₹1,055 crore, ₹1,327 crore and ₹1,409 crore.

What was Gulf Oil Lubricants India's revenue in FY26?

Revenue from operations was ₹4,056 crore in FY26 (April 2025–March 2026), up 11.7% from ₹3,631 crore in FY25. It was ₹3,301 crore in FY24 and ₹2,999 crore in FY23: up 35.2% over three years, 10.6% a year on average.

When will Gulf Oil Lubricants India announce its Q3 FY27 results?

Q3 FY27 covers October–December 2026. Listed companies must publish quarterly results within 45 days of the quarter's end (SEBI listing rules, Regulation 33), so the results are due by 14 February 2027. The company tells the exchanges the date of the board meeting at least two working days before it.

Where do these Gulf Oil Lubricants India figures come from?

From Gulf Oil Lubricants India's own consolidated results filings to NSE, in ₹ crore as filed (Q2 FY27 on 28 October 2026). Growth compares the same consolidated figures a year and a quarter earlier.

Consolidated figures from the company's filings to NSE. Every company's results dates this season are in the Q2 FY27 results calendar, part of Alpha Plus.