Gulf Oil Lubricants India Limited (GULFOILLUB) has announced its audited financial results for the quarter and year ended March 31, 2025.
Standalone revenue from operations for the year ended March 31, 2025, was ₹35,543.61 lakh, compared to ₹32,840.97 lakh for the previous year.
Standalone profit from ordinary activities after tax for the year stood at ₹36,224.97 lakh, up from ₹30,809.85 lakh in the previous year.
Consolidated revenue from operations for the year ended March 31, 2025, reached ₹36,311.61 lakh, against ₹33,011.53 lakh in the previous year.
Consolidated net profit from ordinary activities after tax was ₹35,738.73 lakh, compared to ₹30,801.70 lakh for the previous year.
The Board of Directors has recommended a final dividend of ₹28 per equity share (1400% on face value of ₹2 per share) for the financial year ended March 31, 2025, subject to members' approval.
An interim dividend of ₹20 per equity share (1000% on face value of ₹2 per share) was already declared and paid in February 2025, bringing the total dividend for the year to ₹48 per equity share (2400% on face value of ₹2 per share).
On October 30, 2023, the company completed the acquisition of a 51% controlling stake in Tirex Transmission Private Limited (Tirex), a manufacturer of DC fast chargers for electric vehicles, making Tirex a subsidiary.