StockWatch
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Gulf Oil Lubricants India Ltd

BSE: 538567

P/L Snapshot

Q1 FY27 · standalone

vs Q4 FY26·vs Q1 FY26
Revenue
1.3K
+26.5%+32.2%
Expenditure
1.2K
+24.4%+32.1%
Net Profit
127.52
+41.7%+31.9%
OPM %
12.90%
-0.09pp+0.20pp

Shareholding

Pattern breakdown

P/L Trends

(in crores)

RevenueExpenditureNet Profit
0.002.7K5.5K8.2K11.0KQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27

Shareholding Trend

PromoterPublic
21%50%79%Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Price Chart
Latest News
Board Meeting3 Aug, 5:51 pm

Gulf Oil consolidated PAT up 27% YoY to ₹120.8 Cr as revenue jumps 30.6%, OPM steady

Gulf Oil Lubricants' consolidated Q1 FY27 (quarter ended June 30, 2026) print is a broad-based beat on management's own growth guidance: revenue from operations rose 30.6% YoY to ₹1,327.2 Cr (up 25.8% QoQ, aided by the seasonally stronger summer quarter), and consolidated net profit for the period grew 27.0% YoY to ₹120.8 Cr (up 34.9% QoQ from ₹89.6 Cr). Standalone — the core India lubricants business — grew even faster, with PAT up ~31.9% YoY to ₹127.5 Cr on revenue up ~32.5% YoY to ₹1,320.4 Cr; the gap versus consolidated is explained almost entirely by a ₹5.07 Cr net loss at subsidiary Tirex Transmission this quarter, which also produced a ₹2.32 Cr non-controlling-interest drag on the consolidated number. Margins tell a more nuanted story than the topline. Consolidated operating margin (PBT adjusted for other income, finance cost and depreciation, over revenue) came in at 12.49% — essentially flat YoY (12.54%) and squarely inside the 12-14% band management guided to last quarter, though down from 12.93% in Q4FY26 and short of the 14-16% upside management flagged as contingent on pricing stabilising. Net profit margin eased to 8.92% from 9.16% a year ago (even as it improved from 8.29% in Q4FY26), because the effective tax rate rose to about 26.6% this quarter from roughly 25.5% in both the year-ago and prior quarters — PBT itself grew a faster 28.9% YoY, so the tax line, not operations, accounts for the modest YoY NPM slippage. On guidance, management had targeted continued double-digit volume/revenue growth outpacing the industry by 2-3x, alongside margin management within the 12-14% band — this quarter's 30%+ revenue growth clears that bar comfortably and the OPM sits inside the stated range, so the quarter reads as a beat on growth and an on-plan margin outcome, not yet the 14-16% upside. We could not locate a specific street/consensus PAT or revenue estimate for this print despite searching, so vsStreet is marked unknown rather than guessed; no management press release commentary was available in the record to quote directly — that framing is expected at the August 4 earnings call. Concurrently, the Board fixed September 4, 2026 as the record date for the ₹30/share (1,500% of face value) final FY26 dividend recommended at the May 27 meeting, and set the AGM for September 11, 2026; the company also allotted 1,16,701 ESOP shares during the quarter. Separately, the company had clarified to BSE on July 1 regarding a stock volume increase — an exchange-surveillance matter unrelated to these operating numbers. Going into Q2, the print sets up scrutiny of whether the tax-rate uptick persists, whether OPM can move toward the upper half of the 12-14% band as flagged, and how the Tirex EV-mobility subsidiary's losses trend now that they are a visible drag on consolidated (versus standalone) profitability.

3 Aug 2026, 05:51 pm

Corporate Events

Board MeetingGULFOILLUB
2026
11Sep

Board Meeting

The 18th Annual General Meeting of the Company is scheduled …

BSE Filing ↗
DividendGULFOILLUB
2026
4Sep

₹30 / share

BSE Filing ↗
Board MeetingGULFOILLUB
2026
3Aug

Board Meeting

The Board of Directors meeting is scheduled to consider and …

BSE Filing ↗
Board MeetingGULFOILLUB
2026
27May

Board Meeting

To consider and approve Audited Financial Results for the qu…

BSE Filing ↗
Board MeetingGULFOILLUB
2025
31Dec

Board Meeting

Closure of Trading Window for dealing in Company's securitie…

BSE Filing ↗
Board MeetingGULFOILLUB
2025
1Oct

Board Meeting

Closure of Trading Window for dealing in Company's securitie…

BSE Filing ↗
Board MeetingGULFOILLUB
2025
13Aug

Board Meeting

consider and approve, inter-alia, the Unaudited Financial Re…

BSE Filing ↗
Board MeetingGULFOILLUB
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21May

Board Meeting

Consider and approve Audited Financial Results, Recommend Fi…

BSE Filing ↗
Board MeetingGULFOILLUB
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1Apr

Board Meeting

Closure of Trading Window

BSE Filing ↗
Board MeetingGULFOILLUB
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6Feb

Board Meeting

To consider and approve, inter-alia, the Unaudited Standalon…

BSE Filing ↗
Board MeetingGULFOILLUB
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1Jan

Board Meeting

Closure of Trading Window

BSE Filing ↗
Board MeetingGULFOILLUB
2024
6Nov

Board Meeting

consider and approve the Unaudited Standalone and Consolidat…

BSE Filing ↗
DividendGULFOILLUB
2024
5Sep

₹20 / share

BSE Filing ↗
DividendGULFOILLUB
2024
13Feb

₹16 / share

BSE Filing ↗
Board MeetingGULFOILLUB
2024
5Feb

Board Meeting

Consideration and approval of Unaudited Standalone and Conso…

BSE Filing ↗
Board MeetingGULFOILLUB
2023
25Oct

Board Meeting

consider and approve the Unaudited Standalone and Consolidat…

BSE Filing ↗
DividendGULFOILLUB
2023
25Aug

₹25 / share

BSE Filing ↗