Gulf Oil Lubricants brought Unique Products to the Market! , Q1 Earnings | Business news

On Thursday, Gulf Oil Lubricants India announced a significant increase in its standalone Profit After Tax (PAT) for the June quarter. The company's PAT grew by 23.42 percent, reaching Rs 68.30 crore compared to Rs 55.53 crore in the same quarter of the previous year, as stated by The Hinduja Group.

"During June'23 quarter, the company witnessed a robust revenue growth of 15 percent and PAT growth of 23 percent on the back of sequential margin improvements and easing of forex volatility, which paved the way for higher brand investments by leveraging our brand assets during IPL season," Ravi Chawla, Managing Director & CEO of Gulf Oil Lubricants India Ltd.

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