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

The headline equity benchmarks traded with substantial gains in early afternoon trade. The Nifty traded above the 24,250 mark. Media shares extended gains for the second consecutive trading session. At 12:26 IST, the barometer index, the S&P BSE Sensex, was up 773.11 points or 0.98% to 79,366.18. The Nifty 50 index gained 277.15 points or 1.16% to 24,269.70. The broader market outperformed the headline indices. The S&P BSE Mid-Cap index added 1.95% and the S&P BSE Small-Cap index gained 1.82%. The market breadth was strong. On the BSE, 2,857 shares rose and 954 shares fell. A total of 110 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, dropped 9.39% to 16.98. The Nifty 29 August 2024 futures were trading at 24,299.75, at a premium of 30.05 points as compared with the spot at 24,269.70. The Nifty option chain for the 29 August 2024 expiry showed maximum Call OI of 37 lakh contracts at the 25,000 strike price. Maximum Put OI of 40.8 lakh contracts were seen at 24,000 strike price. Buzzing Index: The Nifty Media index gained 2.04% to 2,048.15. The index rallied 2.19% in two consecutive trading sessions. TV18 Broadcast (up 4.42%), Tips Industries (up 3.65%), PVR Inox (up 3.41%), Network 18 Media & Investments (up 2.44%), Hathway Cable & Datacom (up 2.36%), Nazara Technologies (up 2.34%), Zee Entertainment Enterprises (up 1.8%), Dish TV India (up 1.14%) and Sun TV Network (up 1.08%) advanced. Stocks in Spotlight : Gulf Oil Lubricants India surged 7.29% after the company's consolidated net profit jumped 28.89% to Rs 88.02 crore in Q1 FY25 as compared with Rs 68.29 crore posted in corresponding quarter last year. Revenue from operations increased 9.04% YoY to Rs 885.07 crore during the quarter. Gland Pharma slipped 3.10% after the company's consolidated net profit declined 25.94% to Rs 143.76 crore in Q1 FY25 as compared with Rs 194.10 crore in Q1 FY24. Revenue from operations jumped 15.97% YoY to Rs 1,401.70 crore in Q1 FY25. Powered by Capital Market - Live

Revenue from operations increased 9.04% YoY to Rs 885.07 crore during the quarter. Profit before tax (PBT) climbed 28.8% to Rs 118.20 crore in Q1 FY25 as compared with Rs 91.77 crore in Q1 FY24. EBITDA stood at Rs 116.24 crore during the quarter, registering the growth of 25.28% as compared with Rs 92.78 crore posted in corresponding quarter last year. EBITDA margin expanded by 170 bps to 13.13% during the quarter as against 11.43% in Q1 FY24. The company maintained its EBITDA margin within the guided range of 12-14% as the company increased investment in brand and customer-centric activities. Ravi Chawla, managing director & CEO, Gulf Oil Lubricants India, said, 'Our lubricants volume grew 2x the industry rate and it was evident across major segments, with the B2C and Industrial segment both doing well. This highlights our relentless efforts and reliable performance, setting industry benchmarks. Looking ahead, we aim to drive industry leading volume and revenue growth, generating more resources to invest in our brand and focus on premiumization.We remain confident in the medium to long-term potential of the Indian lubricants sector.With our strong brand, execution capabilities, extensive distribution network and strong relations with our OEM partners and B2B customers, we are well-positioned to capitalize on industry opportunities. We are also committed on capitalizing on opportunities in the EV value chain with our strategic investments in e-mobility space to transform and achieve significant growth in the next 4-5 years.' Manish Gangwal, CFO, Gulf Oil Lubricants India, said, 'Going forward, in-spite of global uncertainties, we remain focussed on margin management through prudent cost controls and improved product/segment mix, enhancing profitability and maximizing shareholder returns. We continue to explore opportunities in EV space, which can be synergistic to our brand, distribution strengths catering to evolving needs of our existing and new customers/consumers. Gulf Oil Lubricants India, part of Hinduja Group and Gulf Oil International, is one of the leading players in the lubricant market in India and has a top 2/3 position in key segments amongst the private sector brands. The company has a wide range of world class-leading products in the automotive and industrial lubricants space catering to B2B and B2C segments with a growing distribution network. The company also has a growing share in the 2-wheeler batteries segment.Powered by Capital Market - Live

Net profit of Gulf Oil Lubricants India rose 26.49% to Rs 86.04 crore in the quarter ended June 2024 as against Rs 68.02 crore during the previous quarter ended June 2023. Sales rose 10.14% to Rs 894.04 crore in the quarter ended June 2024 as against Rs 811.71 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales894.04811.71 10 OPM %12.6911.40 - PBDT126.96102.36 24 PBT113.7691.50 24 NP86.0468.02 26 Powered by Capital Market - Live

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