Gulf Oil Lubricants India Limited (GOLIL) has announced strong financial results for the second quarter and half-year ended September 30, 2026. The company reported a 44% year-over-year increase in revenue for Q2 FY27, reaching ₹1,379 crore, with Profit After Tax (PAT) growing by 34% to ₹117 crore. For the half-year, revenue increased by 38% to ₹2,700 crore, and PAT rose by 33% to ₹245 crore.
Gulf Oil Lubricants Reports Robust Q2 and H1 FY27 Performance
Gulf Oil Lubricants India Limited (GOLIL), a Hinduja Group Company, has declared its unaudited financial results for the second quarter and half-year ended September 30, 2026. The company demonstrated significant growth momentum, even amidst challenging market conditions, including the West Asia supply crisis. The reported figures highlight the company’s agility and effective strategic execution.
Standalone Financial Highlights
Q2 FY27 Performance
For the quarter ended September 30, 2026, GOLIL’s standalone Revenue from Operations stood at ₹1,379 crore, marking a substantial 44% increase compared to ₹957 crore in the corresponding quarter of the previous year. The Profit After Tax (PAT) also saw robust growth, rising by 34% to ₹117 crore from ₹87 crore in Q2 FY26. EBITDA for the quarter grew by 37% to ₹163 crore, with the EBITDA margin at 11.8%.
H1 FY27 Performance
In the half-year ended September 30, 2026, the company reported standalone Revenue from Operations of ₹2,700 crore, an increase of 38% over ₹1,953 crore in the prior year’s period. PAT for the half-year grew by 33% to ₹245 crore, up from ₹184 crore in H1 FY26. The EBITDA for the half-year increased by 36% to ₹333 crore, with the EBITDA margin at 12.3%.
Key Strategic Achievements
The company’s strong performance was attributed to several key factors. Notably, Gulf Oil Lubricants achieved a 16% year-over-year growth in lubricant volumes during Q2, despite market headwinds. This growth was supported by distribution expansion, strong market execution, and engagement with OEM and B2B segments. The company also highlighted its investments in brand building, mechanic engagement, and BTL activities. Furthermore, strategic pricing interventions and effective opportunity conversion played a crucial role in customer acquisition and growth.
Management Commentary
Commenting on the results, Mr. Ravi Chawla, Managing Director & CEO, stated, “Q2 was testament to our agility amid the continued challenging environment. Despite elevated input cost and Q2 being a monsoon quarter, we stayed strong with the growth momentum delivering industry leading 16% lubricants volume growth during the quarter.”
Mr. Manish Gangwal, Whole-Time Director & CFO, added, “We continued our strong growth momentum in Q2, delivering 44% Y-o-Y gain in revenue, driven by strong volume growth in a quarter marked by continued volatility…”
Segment and Corporate Highlights
The announcement also detailed segment performance, including strong double-digit growth in OEM Franchise Workshop (FWS), OEM Factory fill, and B2B Industrial, Infrastructure, and Mining segments. The E-mobility segment, through its subsidiary Tirex, saw a 78% growth in revenue. In corporate updates, the Chennai plant received IGBC Platinum Certification, and the company’s environmental initiatives were recognized.
Source: BSE
