Gulf Oil Lubricants India Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 05, 2024 at 07:47 am EST
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Gulf Oil Lubricants India Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 8,175.12 million compared to INR 7,810.98 million a year ago. Revenue was INR 8,347.68 million compared to INR 7,953.65 million a year ago. Net income was INR 800.98 million compared to INR 626.6 million a year ago. Basic earnings per share from continuing operations was INR 16.19 compared to INR 12.78 a year ago. Diluted earnings per share from continuing operations was INR 16.05 compared to INR 12.73 a year ago.
For the nine months, sales was INR 24,315.25 million compared to INR 22,070.5 million a year ago. Revenue was INR 24,801.03 million compared to INR 22,403.5 million a year ago. Net income was INR 2,217.25 million compared to INR 1,701.47 million a year ago. Basic earnings per share from continuing operations was INR 45.07 compared to INR 34.63 a year ago. Diluted earnings per share from continuing operations was INR 44.78 compared to INR 34.51 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.
GULF OIL LUBRICANTS INDIA LIMITED 
