Date: May 27, 2026

Financial Performance Summary

Q4 FY2026 Results:

  • Revenue from Operations: Rs 163 crore (compared to Rs 183 crore in Q4FY25)
  • EBITDA: Rs 14.7 crore (compared to Rs 13.2 crore in Q4FY25)
  • EBITDA Margin: 9% (compared to 7% in Q4FY25)
  • Profit After Tax (PAT): Rs 9.3 crore (compared to Rs 8.6 crore in Q4FY25), representing 8% growth

Full Year FY2026 Results:

  • Revenue from Operations: Rs 643 crore (compared to Rs 610 crore in FY25), representing 5% growth
  • EBITDA: Rs 44.7 crore (compared to Rs 42.0 crore in FY25)
  • Profit After Tax (PAT): Rs 26.50 crore (compared to Rs 26.30 crore in FY25)
  • PAT was impacted by a wage provision of Rs 3.25 crore, representing approximately 12% of PAT

Operational and Strategic Highlights

The company is a leading manufacturer and marketer of industrial and automotive lubricants under the "IPOL" brand. Key operational details include:

  • ISO certified public limited company founded in 1973
  • State-of-the-art manufacturing facility at Vasai near Mumbai
  • Base oil storage capacity: 15,000 KL
  • Annual blending capacity: 80,000 KL
  • Products comply with API, JASO and ACEA specifications
  • Exports to more than 12 countries
  • Exclusive partnership with Repsol (global Spanish energy major) for manufacturing and distribution of Repsol-branded lubricants in India

Management Commentary

The company's spokesperson stated that during Q4FY26 and FY26, they continued to strengthen market position across key lubricant and process oil categories. This was supported by:

  • Strong customer relationships
  • Operational efficiencies
  • Expanding product portfolio
  • Focus on quality, innovation and customized solutions

Management noted encouraging opportunities in:

  • Industrial lubricants
  • Process oils
  • Premium automotive lubricants

Risk Factors and Outlook

Towards the end of Q4FY26, geopolitical developments have created uncertainty and price volatility, resulting in:

  • Sharp increase in crude-linked raw material costs
  • Currency weakness

These factors may result in short-to-medium-term challenges for the company.

Product Portfolio

The company formulates, manufactures and markets:

  • Industrial Lubricants
  • Automotive Lubricants
  • Process Oils
  • Transformer Oils
  • Greases
  • Other specialties