Gulf Oil Lubricants India Ltd Share Price – NSE /  BSE

Chemicals, Small Cap

The renewal reinforces a strategic alliance that began in 2011 with a co-branded initiative alongside Mahindra Automotive and expanded into the Tractors Division in 2014.

Over the past 12 years, the partnership has evolved into one of Gulf Oil's most enduring OEM relationships. The collaboration has been consistently strengthened through investments in digital initiatives, efficient supply chain management, and impactful joint marketing campaigns, delivering growth and value for all stakeholders.

Ravi Chawla, managing director & CEO, Gulf Oil Lubricants India, said: ?Our renewed partnership with Mahindra Tractors is a testament to the strength of our alliance and the shared values that drive it.

In line with our long-term philosophy of partnership for growth, we have, over the past decade, consistently delivered reliable performance and service excellence, adding sustained value to Mahindra & Mahindra.?

Gulf Oil Lubricants India (GOLIL), part of the Hinduja Group and Gulf Oil International, is a leading player in India's lubricant market offering a comprehensive product portfolio in automotive and industrial lubricants.

The company had reported 21.77% drop in consolidated net profit to Rs 76.13 crore despite a 10.56% increase in revenue from operations to Rs 1,017.55 crore in Q3 FY26 as compared with Q3 FY25.

The scrip shed 0.95% to currently trade at Rs 1081.80 on the BSE.

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While EBITDA improved by 7.80% to Rs 132.46 crore, EBITDA margin declined by 33 basis points YoY to 13.02% in Q3 FY26.

Profit before tax in Q3 FY26 stood at Rs 102.10 crore, down by 20.89% from Rs 129.06 crore recorded in Q3 FY25.

Ravi Chewla, managing director & CEO, Gulf Oil Lubricants India, commented: Demand and sales picked up in the second half of the quarter post the prolonged monsoon and festivities.

Overall lubricants volume grew by 8%, clearly outperforming industry growth by 2x, supported by double-digit growth in key segments of 82C led by Passenger Car Motor Oil (PCMO) & Agri and across B2B segments.

The OEM Franchise Workshops (FWS) business delivered high double-digit growth, driven by strong momentum from existing partnerships. Growth was broad-based across categories, with PCMO registering high double-digit growth, while the Agri segment also recorded good double-digit increase.

We expect overall demand momentum to continue in the coming quarter, enabling us to close the year on a strong note. GST rationalisation for ICE vehicles has improved the affordability providing a renewed sense of optimism among the consumer, creating additional growth opportunities. Continued focus on rural and agri markets will remain a key driver in sustaining growth trajectory.

In addition, our EV subsidiary Tirex is charging ahead, acquiring new marquee customers and delivering strong financial performance. The business is on track to close the year in line with the expectations and remains well aligned with our long-term strategy to scale and strengthen the EV segment as a core pillar for us. Tirex closed Q3 with top-line growth of 83%, while delivering 78% growth over the nine-month period.?

Gulf Oil Lubricants India (GOLIL), part of the Hinduja Group and Gulf Oil International, is a leading player in India's lubricant market offering a comprehensive product portfolio in automotive and industrial lubricants.

The scrip rose 1.33% to currently trade at Rs 1181.60 on the BSE.

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Gulf Oil Lubricants India has fixed 13 February 2026 as record date to determine the eligible shareholders entitled for interim dividend of Rs 21 per equity share of face value of Rs 2 each for the financial year 2025-26.

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Gulf Oil Lubricants India announced that the Board of Directors of the Company at its meeting held on 9 February 2026, inter alia, have recommended the interim dividend of Rs 21 per equity Share (i.e. 1050%) , subject to the approval of the shareholders.

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