Monday, 28 September 2026 Every NSE & BSE announcement, by company
ALFA Filings Every announcement, straight from the exchange
Earnings Call Transcript

Gulf Oil Lubricants India Earnings Call Transcript: Key Takeaways

Gulf Oil started FY27 with record revenue and profit, though margins faced pressure from unprecedented base oil cost spikes and supply chain volatility linked to West Asia. Management is pivoting toward volume-led growth and EV charging infrastructure.

Why this was an Alfa AlertRevenue beat own guidance: guided None–1000.0, achieved 1320.0 (+32.0% above upper end, mgmt confirmed).
Guidance and delivery
Management target Revenue FY27
Highlights
Revenue growth33% YoY revenue growth, significantly outperforming industry benchmarks.
MarginsEBITDA margins held at 12.9% despite raw material inflation.
Demand visibilityStrong visibility across Agri, Motorcycle, and Infrastructure segments.
Management confidenceBalanced; highly confident in supply resilience despite macro volatility.

Growth

Revenue grew 33% YoY while EBITDA rose 35%, driven by a 17% core lubricant volume increase.

Outlook

Targets 2-3x industry growth rate with a sustainable EBITDA margin band of 12-14% for the year.

Risks

Base oil volatility remains extreme; inability to fully pass through cost increases in B2C segment limits margins.

Last quarter's promises, checked

Delivered

  • Guided 2x-3x industry growth → delivered 14% vs ~3-4% industry (= BEAT)
  • Guided revenue crossing INR 4,000cr → delivered >4,000cr (= BEAT)
  • Guided 12-14% EBITDA margin → delivered 12.9% (= BEAT)

Partly delivered

  • Guided Chennai/Silvassa expansion Q3/Q4 FY26 → ongoing into FY27 (= PARTIAL)
Source

Earnings Call Transcript filed with BSE, NSE: GULFOILLUB. Summary written with AI assistance from the document.

Read the document ↗

Gulf Oil Lubricants India Ltd: key numbers

Share price
₹1,106.60
Market cap
₹5,484 Cr
Revenue (annual)
₹4,056 Cr
Net profit (annual)
₹347.6 Cr
P/E (TTM)
14.6×Sector 18.7×
Promoter holding
66.85%-0.16% QoQ
FII holding
7.78%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from Gulf Oil Lubricants India Ltd

All →
11:36 IST BSE
Management Change

Gulf Oil Lubricants India Management Change

Gulf Oil Lubricants' Company Secretary and Compliance Officer Ashish Pandey resigns effective September 16, 2026. No successor appointment is announced in the filing.

19:03 IST BSE
Annual General Meeting

Gulf Oil Lubricants India Annual General Meeting

Gulf Oil Lubricants India Limited held its 18th Annual General Meeting on September 11, 2026, via video conferencing. The meeting transacted routine ordinary and special business.

16:55 IST NSE
Management Change

Gulf Oil Lubricants India Management Change

Gulf Oil Lubricants India announced the resignation of Mr. Sandeep Bangia, Head – Strategy, Transformation and E Mobility, effective August 31, 2026.