Despite macro- economic headwinds, we at Gulf Oil focused on creating an agile environment and capitalize on the opportunities to swiftly navigate the evolving landscape. This led us to achieve our highest-ever quarterly volume and strong double-digit topline growth of 11% year-on-year, crossing Rs. 900 Crores in a quarter for the first time. Our brand-building mega campaign continued at the beginning of the quarter with “The Unstoppables”, a 360-degree campaign centered on the theme Har Kadam Berok. Featuring our three esteemed brand ambassadors, this creative fusion of Cinema and Sports together through a full-fledged movie release format, reinforced our brand's consumer-centric approach. Our strategic priorities remain focused on delivering consistent, profitable, volume-led growth in our core lubricants business, while also strengthening the EV Charging segment to become a growing contributor to the company's vision in the medium to long term. Looking ahead, we are optimistic about improving demand across B2B and B2C segments with some early signs of demand recovery to be further supported by uptick in Government capex and infrastructure activities in coming quarters. Our focus remains on strengthening our brand, enhancing customer experience, and empowering our people to drive sustainable growth and long-term success.

During the quarter, we continued to deliver a very healthy performance. Double-digit revenue growth of 11% year-on-year along with stable input costs enabled us to achieve our highest-ever quarterly EBITDA of Rs. 122.20 Crores. Our EBITDA-to-revenue stood at 13.50%, with a sequential improvement of 89 BPS, positioning us at the higher end of our guided range of 12-14%. Profitability registered significant 22% growth over nine-month period. This demonstrated our resilience and ability to deliver profitable growth even in challenging market conditions. Confident in our overall performance and robust cash flow generation, the Board has declared an Interim Dividend of Rs 20.00 per equity share, 1,000% on the Face Value of Rs. 2 per share, aimed at maximizing shareholder returns. We are shaping a dynamic growth journey with our strategic theme UNLOCK 2.0 by accelerating growth in our core business with premiumization while spearheading transformation for long-term success and our future strategic vision.