Gulf Oil Lubricants India announced a strategic partnership with Nayara Energy, India's largest private fuel retailer and an integrated downstream company with a strong presence across the hydrocarbon value chain from refining to retail. This partnership will see Gulf's entire automotive product range, including lubricants for two-wheelers, passenger cars, commercial vehicles, and agriculture-related vehicles, being made available across Nayara Energy's extensive network of 6500+ fuel retail outlets nationwide. This strategic alliance is part of a 3-year contract leveraging Nayara Energy's reach to further strengthen Gulf Oil's brand presence and product availability to cater to the expanding automotive market, particularly along the country's rapidly developing highway infrastructure in India. Under this collaboration, Gulf Oil's AdBlue - a high-quality diesel exhaust fluid that reduces harmful emissions - will be the exclusive AdBlue product retailed across Nayara's network, along with offering a specialized range of two-wheeler batteries, expanding both companies' portfolios in a growing sector. Gulf already has an established distribution network through depots and various other touchpoints for AdBlue, and this partnership further enhances that reach. Gulf and Nayara Energy are jointly committed towards bringing world-class, reliable automotive products to a broader audience across urban and rural regions.Powered by Capital Market - Live

Gulf Oil Lubricants India (Gulf Oil) and Piaggio Vehicles (Piaggio India), a 100% subsidiary of the Italian auto giant Piaggio Group, announced the renewal of their strategic partnership agreement for two-wheeler lubricants. This exclusive collaboration, originally signed in January 2020, has now been extended until 2032, reaffirming both organizations' commitment to delivering high-quality, co-branded lubricants tailored to Piaggio's two-wheeler range, including their high performance sports bike and superbike segments. Under this exclusive agreement, Gulf will continue to be Piaggio India's official lubricant partner, catering to factory fill, workshop services, and retail markets across India, along with select export markets. The partnership underscores a shared vision of driving innovation and delivering exceptional customer experiences in the two-wheeler segment. Gulf and Piaggio India have also established a long-term collaboration in the commercial vehicle (CV) segment, reinforcing their commitment to providing high-performance lubricants across multiple vehicle categories.Powered by Capital Market - Live

Gulf Oil Lubricants India and Piaggio Vehicles (Piaggio India), a 100 % subsidiary of the Italian Piaggio Group and India's leading manufacturer of small commercial vehicles have renewed their strategic partnership agreement to extend collaboration in delivering genuine and co-branded lubricants across Piaggio's commercial vehicle segment. This exclusive partnership, renewed until 2030, underscores both companies' commitment to high-performance, customized lubricant solutions and sets the foundation for further growth across retail, factory-fill, and export markets. With the renewal, Gulf will continue as Piaggio India's exclusive lubricant partner for all factory fill, workshop, and retail requirements in India, along with exports to select international markets. The partnership will cover the full spectrum of lubricants, including advanced BS VI oils and new EV fluids, developed to meet the evolving needs of Piaggio India's growing customer base.Powered by Capital Market - Live

The agency has affirmed the company's short-term rating at '[ICRA] A1+'. ICRA stated that the rating upgrade factors in the expectation of healthy improvement in the credit profile of the company over the next couple of years as the demand for its products is expected to remain healthy supported by increasing vehicle sales, wide distribution network and a strong brand recall for the company's products. The ratings continue to factor in the company's strong financial profile, characterised by healthy profitability levels and return indicators and a comfortable capital structure. In FY2024, the company witnessed healthy revenue growth driven by a mix of growth in the sales volume and realisations. The operating profit also increased in FY2024 driven by the growth in volumes and company passing on the increase in the raw material prices to consumers. The trend has continued in H1 FY2025 with company witnessing healthy volume growth and associated growth in operating profits. The ratings continue to consider the company's ability to maintain healthy profitability levels on the back of timely price revisions to partly mitigate the impact of base oil price movements. The company has also been witnessing improvement in its market share in the domestic lubricants industry, driven by its strong marketing efforts, the well-recognised Gulf brand and a wide distribution network. The company also benefits from being part of the Hinduja group as it derives operational and strategic benefits from being part of the group. The ratings are, however, constrained by the exposure of the company's profitability to the movements in base oil prices. Its profitability is also exposed to forex movements (to the extent of the unhedged exposure). The company's operations will continue to be exposed to the demand indicators from the automotive sector. The ratings also consider the highly competitive pressures in the domestic market, which is largely dominated by Government-owned oil marketing companies (OMCs), apart from other established players in the private sector. Gulf Oil Lubricants India (GOLIL) is part of the transnational conglomerate Hinduja Group. GOLIL sells its lubricants products under the Gulf brand with sales largely to the automotive sector along with industrial users.Powered by Capital Market - Live

Gulf Oil Lubricants India has received upgrade in credit ratings from ICRA as under: Long term fund based cash credit (Rs 92 crore) - ICRA AA+; Stable (upgraded from ICRA AA; Stable) Short term - fund based/non fund based-others (Rs 50 crore) - ICRA A1+ (reaffirmed) Short term non fund based- others (Rs 490 crore) - ICRA A1+ (reaffirmed)Powered by Capital Market - Live

Net profit of Gulf Oil Lubricants India rose 13.74% to Rs 83.71 crore in the quarter ended September 2024 as against Rs 73.60 crore during the previous quarter ended September 2023. Sales rose 7.69% to Rs 863.98 crore in the quarter ended September 2024 as against Rs 802.30 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales863.98802.30 8 OPM %12.4312.52 - PBDT124.59110.12 13 PBT111.4498.99 13 NP83.7173.60 14 Powered by Capital Market - Live

Gulf Oil Lubricants India will hold a meeting of the Board of Directors of the Company on 6 November 2024Powered by Capital Market - Live

Gulf Oil Lubricants India has allotted 38,241 equity shares under ESOP. With this allotment, the paid up equity share capital has increased to o Rs. 9,84,81,602/- consisting of 4,92,40,801 equity shares of Rs. 2/- each. Powered by Capital Market - Live

Gulf Oil Lubricants India has received upgrade in credit ratings from Infomerics Ratings as under: Long term bank facilities (Rs 15 crore) - IVR A / Stable (upgraded from IVR A- / Stable) Short term bank facilities (Rs 1445 crore) - IVR A1 (upgraded from IVR A2+) Powered by Capital Market - Live

Gulf Oil Lubricants India announced that the 16th Annual General Meeting (AGM) of the company will be held on 12 September 2024.Powered by Capital Market - Live