Gulf Oil Lubricants India Limited announced the outcome of its Board meeting held on February 9, 2026. The Board approved the Unaudited Financial Results (Standalone and Consolidated) for the third quarter and nine months ended December 31, 2025, which were subject to a Limited Review by the statutory auditors. Critically, the Board declared an Interim Dividend of ₹21 per equity share (1,050% of the face value of ₹2) for FY 2025-26, setting the Record Date as February 13, 2026.
Board Approves Q3/9M FY2026 Results
Gulf Oil Lubricants India Limited informed stock exchanges on February 9, 2026, that its Board of Directors considered and approved the Unaudited Financial Results (Standalone and Consolidated) for the third quarter and nine months ending December 31, 2025. These results have received an Unmodified Limited Review Report from the appointed Chartered Accountants, M/s S R B C & Co. LLP.
Interim Dividend Declaration
A key decision of the Board was the declaration of an Interim Dividend for the financial year 2025-26. The dividend stands at ₹21/- per equity share, which represents 1,050% of the face value of ₹2/- per share. To facilitate this payment, the Board fixed Friday, February 13, 2026, as the Record Date for determining the eligible shareholders.
Key Financial Highlights (Consolidated)
The financial statements highlight the performance metrics up to December 31, 2025:
- Total Revenue from Operations for the nine months ended 31.12.2025 stood at ₹3,00,077.85 Lakhs (compared to ₹2,67,842.04 Lakhs in the previous year period).
- The Profit before exceptional items and Tax for the nine months reached ₹36,592.35 Lakhs.
- Total Comprehensive Income attributable to Owners of the Company for the nine months was ₹25,788.29 Lakhs.
- Basic Earnings Per Share (before exceptional items) for the nine months was reported at ₹55.74 per share.
Key Financial Highlights (Standalone)
The standalone performance for the same nine-month period shows:
- Total Revenue from Operations reached ₹2,95,106.75 Lakhs.
- Profit before exceptional items and Tax for the nine months was ₹37,310.41 Lakhs.
- Net Profit for the period was ₹26,090.02 Lakhs.
- Basic Earnings Per Share (after exceptional items) for the nine months was ₹52.91 per share.
Notes on Financial Adjustments
The results include several significant notes:
The introduction of four new labour codes by the Government of India, effective from November 21, 2025, necessitated an actuarial valuation. This resulted in an exceptional item recorded as an estimated additional obligation of ₹2,278.21 Lakhs (Consolidated) and ₹2,264.11 Lakhs (Standalone) in the current period’s results.
Furthermore, the company completed the acquisition of an additional 14.18% stake in its subsidiary, Tirex Transmission Private Limited, raising its shareholding from 51% to 65.18% for a total consideration of ₹3808.77 Lakhs.
The company also allotted 15,173 fully paid-up equity shares pursuant to the exercise of employee stock options during the reporting period.
Source: BSE
