Gulf Oil Lubricants India Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 18, 2023 at 08:42 am EDT
Share
Gulf Oil Lubricants India Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 7,920.5 million compared to INR 6,389.3 million a year ago. Revenue was INR 8,058.72 million compared to INR 6,506.57 million a year ago. Net income was INR 621.57 million compared to INR 633.75 million a year ago. Basic earnings per share from continuing operations was INR 12.67 compared to INR 12.57 a year ago. Diluted earnings per share from continuing operations was INR 12.65 compared to INR 12.35 a year ago.
For the full year, sales was INR 29,991 million compared to INR 21,916.39 million a year ago. Revenue was INR 30,462.22 million compared to INR 22,358.22 million a year ago. Net income was INR 2,323.04 million compared to INR 2,110.56 million a year ago. Basic earnings per share from continuing operations was INR 47.3 compared to INR 41.89 a year ago. Diluted earnings per share from continuing operations was INR 47.16 compared to INR 41.63 a year ago.
Gulf Oil Lubricants India Limited (Gulf Oil) is an India-based company, which is engaged in the business of manufacturing, marketing, and trading of automotive and non-automotive lubricants, and synergy products. The Company operates through the lubricants segment. Its product portfolio covers automotive, industrial, battery, and marine applications. It has developed a wide range of engine oils, gear oils, greases, and specialties for bikes, scooters, cars, light and heavy commercial vehicles, and tractors. The Companyâs product range for industrial applications includes hydraulic oils, bearing and circulating oils, industrial gear oils, metal working fluids, turbine oils, compressor oils, refrigeration oils, rust preventives, quenching oils, greases, thermic fluids, and slideway oils. These oils are used in a range of industries, such as construction, manufacturing, textile, power generation, mining, food processing, light-heavy engineering, marine operations, and metal working.