Gulf Oil Lubricants India Limited (GULFOILLUB) held an earnings conference call on 22 May 2025, to discuss the audited financial results for the quarter and year ended 31 March 2025.
Q4 was a record quarter with highest ever volumes in core lubes at 39,500 kl, revenue crossing ₹915 crore, and EBITDA at ₹124.47 crore.
The fiscal year 2024-25 was also a record year, surpassing revenue of ₹3,500 crore and increasing market share by nearly 0.5% across key segments.
Volume growth was more than 2x the industry growth rate.
Investments in EV subsidiary, Tirex, resulted in a strong year-end with revenue nearly tripling (300% growth).
The company launched two advertising campaigns: 'Unstoppables' and 'Gulf Pride' for motorcycle range with MS Dhoni as brand ambassador.
EBITDA for the full year grew by 12%, and PAT grew by nearly 17.5%.
Cash from operations for the year was ₹423 crore, leading to a cash balance of ₹1,027 crore at year-end.
The Board declared a final dividend of ₹28, bringing the total dividend for the year to ₹48, a payout ratio of 65%.
Gross margins for the quarter remained stable despite rupee depreciation.
AdBlue volumes reached 140,000 kl for the year.
The company is actively looking at investment opportunities in industrial businesses, adjacencies, and the EV segment.
The company is running at almost 100% capacity on a 2-shift basis at its Silvassa plant and may expand it shortly.
Management Outlook:
Expects to continue growing at 2x the industry rate.
Aims for sustainable margins in the 12%-14% band.
Focuses on increasing distribution and marketing efforts.
Continues to evaluate investments in the e-mobility space.
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.
Gulf Oil Lubricants India Limited has appointed M/s Ravi & Subramanyam, Company Secretaries as the Secretarial Auditor.
The appointment was approved by the Board of Directors on May 21, 2025.
M/s Ravi & Subramanyam is a peer-reviewed Practicing Company Secretaries Firm with Unique Identification No. P2002AP012000 and peer review certificate No. 1349/2021.
The appointment is for a term of five consecutive years, commencing from the financial year 2025-26 until the financial year 2029-30.
The appointment is subject to the approval of the shareholders at the upcoming Annual General Meeting (AGM).
M/s Ravi & Subramanyam is a Limited Liability Partnership firm registered on October 26, 2002, with partners having over 24 years of experience in corporate consulting, secretarial auditing, and advisory services.
Gulf Oil Lubricants India Limited's Board approved audited financial results for the quarter and year ended March 31, 2025.
The Board has recommended a final dividend of ₹28 per equity share (1400% on face value of ₹2 per share) for FY 2024-25, subject to shareholder approval at the AGM. An interim dividend of ₹20 per share was already paid, bringing the total dividend to ₹48 per share (2400% of face value).
Standalone revenue from operations for the year ended March 31, 2025, stood at ₹3,55,436.07 Lakhs, compared to ₹3,28,409.68 Lakhs in the previous year.
Standalone net profit for the year was ₹36,224.97 Lakhs, compared to ₹30,809.85 Lakhs in the previous year.
Consolidated revenue from operations for the year ended March 31, 2025, was ₹3,63,116.09 Lakhs, compared to ₹3,30,115.31 Lakhs in the previous year.
Consolidated net profit for the year was ₹35,738.73 Lakhs, compared to ₹30,801.70 Lakhs in the previous year.
The company allotted 1,36,017 equity shares of ₹2 each under its ESOP scheme during the year.
Other income includes a gain of ₹1,196.58 Lakhs from the sale of land and a building in Silvassa.
Tirex Transmission Private Limited became a subsidiary effective October 30, 2023, after the company acquired a 51% controlling stake.