Gulf Oil Lubricants India Limited’s Board of Directors met on February 9, 2026, to approve the Unaudited Financial Results (Standalone and Consolidated) for the third quarter and nine months ended December 31, 2025. The Board also declared a substantial Interim Dividend of ₹21 per equity share (1050% of face value ₹2) for FY 2025-26. The Record Date for this dividend payment has been set for February 13, 2026.
Financial Results Approval for Q3 FY26
The Board of Directors of Gulf Oil Lubricants India Limited convened on Monday, February 9, 2026, and formally approved the Unaudited Financial Results (both Standalone and Consolidated) for the third quarter and the nine months ended December 31, 2025. These results are subject to a Limited Review by the Statutory Auditors, M/s S R B C & Co. LLP.
Key Consolidated Financial Highlights (Q3 ended December 31, 2025 vs. Prior Periods – ₹ Lakhs)
The accompanying financial statements show significant figures for the nine months ended December 31, 2025, compared to the previous year’s corresponding period:
- Total Income: Consolidated Total Income reached ₹3,07,317.90 Lakhs, up from ₹2,75,439.27 Lakhs in the nine months ended December 31, 2024.
- Profit Before Tax (PBT): Consolidated PBT stood at ₹36,588.89 Lakhs for the nine months ended December 31, 2025.
- Total Comprehensive Income: Consolidated Total Comprehensive Income was ₹25,441.22 Lakhs for the quarter and ₹35,410.28 Lakhs for the nine months ended December 31, 2025.
- Earnings Per Share (EPS): Basic EPS (before exceptional items) for the nine months was ₹55.74, compared to ₹54.39 in the prior corresponding period.
Standalone Financial Performance Snapshot (Q3 ended December 31, 2025 vs. Prior Periods – ₹ Lakhs)
The standalone performance reflects strong operational results for the nine months ending December 31, 2025:
- Total Income: Standalone Total Income was reported at ₹3,02,253.82 Lakhs.
- Net Profit: The Standalone Net Profit for the nine months was ₹26,090.02 Lakhs.
- Total Comprehensive Income: This stood at ₹26,005.71 Lakhs for the nine months.
- Basic EPS (Before Exceptional Items): Standalone Basic EPS was ₹56.32 for the nine-month period.
Interim Dividend Declaration
The Board exercised its authority to approve and declare an Interim Dividend for the financial year 2025-26.
- Dividend Rate: The declared dividend is ₹21/- per equity share, which equates to 1,050% of the face value of ₹2/- per share.
- Record Date: The Board fixed Friday, February 13, 2026, as the Record Date to ascertain the eligibility of shareholders for this interim payout.
Important Notes from Management
Several key accounting and corporate events were detailed in the accompanying notes:
- New Labour Codes Impact: The implementation of new labour codes (Code on Wages, 2019, effective November 21, 2025) necessitated an actuarial valuation, resulting in an estimated additional obligation of ₹2,278.21 Lakhs (Consolidated) or ₹2,264.11 Lakhs (Standalone), recognized as an exceptional item.
- Subsidiary Stake Increase: The acquisition of an additional 14.18% stake in subsidiary Tirex Transmission Private Limited was approved on November 5, 2025, increasing the Group’s shareholding to 65.18% for a total consideration of ₹3808.77 Lakhs.
- Share Allotment: The Company allotted 15,173 fully paid-up equity shares of ₹2/- each pursuant to the exercise of employee stock options during the quarter and nine months ended December 31, 2025.
The Board meeting officially commenced at 5:00 p.m. (IST) and concluded at 7:10 p.m. (IST) on February 9, 2026.
Source: BSE
