Gulf Oil Posts Record Q3 on Strong Lubes Demand

11 Feb 2026 CW Team

Gulf Oil Lubricants India has reported a record third quarter in FY26, with consolidated revenue, lubricant volumes and EBITDA reaching all-time quarterly highs, supported by broad-based demand across B2C, B2B and OEM segments.

On a consolidated basis, revenue from operations rose 10.56 per cent year-on-year to Rs 1,017.55 crore in Q3 FY26, while EBITDA increased 7.80 per cent to Rs 132.46 crore. For the nine-month period ended December 2025, consolidated revenue crossed Rs 3,000 crore for the first time, growing 12.04 per cent year-on-year, with EBITDA up 9.79 per cent.

Lubricants volume growth of eight per cent outpaced industry growth, led by strong traction in passenger car motor oils, agriculture and OEM franchise workshops. Industrial, infrastructure and mining segments also recorded double-digit growth, driven by new customer additions.

The company’s EV charging subsidiary Tirex delivered robust performance, posting 83 per cent revenue growth in Q3 and positive EBITDA. The Board has declared an interim dividend of Rs 21 per equity share, reflecting continued focus on shareholder returns.

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