Gulf Oil Lubricants India Reports Strong Financial Results for Q1 FY25

Aug 06 2024 08:02 PM IST
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Gulf Oil Lubricants India has reported a strong financial performance in the quarter ending March 2024, with its Profit Before Tax less Other Income reaching its highest at Rs 95.58 crore. The company's Net Sales have also shown a positive trend, reaching its highest in the last five quarters. Despite a slower pace in settling its debtors, the company remains a strong player in the industry with a 'Strong Buy' stock call by MarketsMojo.

Gulf Oil Lubricants India, a leading player in the lubricants industry, has recently announced its financial results for the quarter ending March 2024. The company has shown a positive performance in this quarter, with a score of 11, compared to 19 in the previous quarter.

One of the key highlights of the financial results is the company’s Profit Before Tax less Other Income (PBT) which has reached its highest at Rs 95.58 crore. This is a significant growth from the previous quarter and has been consistently increasing in the last five quarters. The company’s Net Sales have also shown a positive trend, reaching its highest at Rs 894.04 crore in the last five quarters.


The company’s Profit Before Tax less Other Income (PBT) has also shown a strong growth of 23.74% Year on Year (YoY). This is a clear indication of the company’s positive performance and its potential for future growth. The Profit After Tax (PAT) has also increased by 26.5% YoY, further strengthening the company’s financial position.


However, the company’s Debtors Turnover Ratio has been the lowest at 6.58 times in the last five half yearly periods. This indicates a slower pace in settling its debtors. Despite this, Gulf Oil Lubricants India remains a strong player in the lubricants industry and has been given a ‘Strong Buy’ stock call by MarketsMOJO.


With its positive financial performance and strong growth potential, Gulf Oil Lubricants India is definitely a company to watch out for in the midcap segment.


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