New Delhi, Feb 10: Gulf Oil Lubricants India Limited, a Hinduja Group Company, has announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The company reported robust revenue and volume growth across key segments, reflecting strong operational performance and market demand.
For Q3 FY’26, on a standalone basis, revenue from operations rose to Rs. 997.92 Crores, up 10.28% year-on-year, with EBITDA increasing by 6.60% to Rs. 130.27 Crores. Consolidated revenue reached Rs. 1,017.55 Crores, a 10.56% growth, while EBITDA stood at Rs. 132.46 Crores, up 7.80% YoY. The nine-month period saw revenue growth of over 11% and EBITDA growth close to 10% on a consolidated basis.
Commenting on the results, Mr. Ravi Chawla, Managing Director & CEO, Gulf Oil Lubricants India Ltd, said:
“Q3 has been a strong quarter for us, with record volumes, revenue, and EBITDA. Demand surged post-monsoon and festive seasons, with broad-based growth across B2C and B2B segments. Key drivers included double-digit growth in Passenger Car Motor Oil (PCMO) and Agri, as well as OEM Franchise Workshops (FWS) performance. Our EV subsidiary Tirex is progressing well, adding marquee clients and contributing to a strong top-line growth of 83% for the quarter.”
Mr. Manish Gangwal, Whole-Time Director & CFO, added:
“Our execution capabilities are reflected in healthy double-digit topline growth and highest-ever quarterly EBITDA. Despite challenges such as INR depreciation and new labour code provisions, we maintained sequential margin improvement. The Board has declared an interim dividend of Rs. 21 per equity share, highlighting our focus on shareholder returns.”
Key Business Highlights:
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Strong B2C and B2B growth across PCMO, Agri, Industrial, and OEM segments.
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Strategic marketing and partnerships, including CII Excon 2025 participation and India Bike Week sponsorship.
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EV segment advancement through Tirex, including partnerships with Mahindra & Mahindra and VinFast.
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Sustainability initiatives: 100% rooftop solar capacity at Chennai and Silvassa plants, contributing 28% of total power consumption.
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CSR and skill development: Training hundreds of mechanics through Kushal Mechanic Training Program.
Gulf Oil continues to focus on sustainable, profitable growth while driving innovation in mobility, EV infrastructure, industrial solutions, and customer engagement, reinforcing its position as a market leader.