Key takeaway: During the earnings conference call held on May 28, 2026, Gulf Oil Lubricants India Limited reported a record quarter with a 14% growth in volumes and revenues, achieving 45,000 KL in lubricant volumes. Management highlighted strong performance across all segments, including passenger car motor oils and commercial vehicles, with double-digit growth. The company also noted a successful year, closing with a revenue exceeding INR 4,000 crores for the first time. Despite challenges from geopolitical issues, management emphasized their disciplined execution and strong customer demand. The company announced a highest-ever dividend of INR 51 for the full year. Management discussed ongoing investments in their mobility subsidiary, Tirex, which crossed INR 100 crores in revenue. They also addressed concerns regarding raw material costs due to crude oil price volatility, stating that they have implemented multiple price increases to manage margins effectively.

Key takeaway: During the earnings conference call held on February 13, 2026, Gulf Oil Lubricants India Limited reported record quarterly volumes of 41,500 KL, marking a strong performance with the highest quarterly revenue and EBITDA. Management highlighted an 8% growth in lubricants volume, outperforming the industry, with double-digit growth in key segments such as passenger car motor oil and agriculture. The company maintained a net debt-free status and increased the interim dividend to INR 21 per share. Management noted that despite cost pressures from rupee depreciation, EBITDA margins expanded by 67 basis points to over 13%. The company is also focusing on expanding its EV segment through its subsidiary Tirex, which achieved significant revenue growth. Management reiterated a guidance of 12% to 14% EBITDA margins and emphasized ongoing investments in brand and distribution to sustain growth.