Company Overview
Gulf Oil Lubricants India Limited (BSE: 538567, NSE: GULFOILLUB) reported its FY 2025-26 financial results and announced its 18th Annual General Meeting scheduled for September 11, 2026 through video conferencing.
Financial Performance
Record Revenue Growth: The company achieved record consolidated revenue of ₹4,056 crore, representing 11.7% year-over-year growth. Standalone performance showed revenue from operations of ₹3,991 crore (+12% YoY) with EBITDA of ₹510 crore (+8.6% YoY) and EBITDA margin of 12.8%.
Profitability Impact: Net profit declined 3.5% to ₹344.85 crore due to an exceptional item of ₹22.78 crore related to the statutory impact of new Labour Codes implemented from November 21, 2025. Profit before exceptional items and tax stood at ₹485.98 crore.
Operational Metrics: Lubricants sales volume grew 11% to 168,000 KL, while AdBlue® volumes increased 8% to 151,000 KL. The company maintained strong cash position with ₹1,141 crore cash and bank balances and net worth of ₹1,561 crore.
Dividend Declaration & Capital Structure
The Board recommended a final dividend of ₹30 per share (1500%) for FY 2025-26. Combined with the interim dividend of ₹21 per share (1050%) paid earlier, the total dividend amounts to ₹51 per share (2550%) with a record payout ratio of 72% - the highest in company history.
Share capital increased to ₹9.88 crore with 4.94 crore equity shares outstanding, of which 99.56% are held in dematerialized form. Promoter holding stands at 67.01% through Gulf Oil International (Mauritius) Inc.
Strategic Initiatives & Expansion
Capacity Expansion: The Board approved ₹55 crore capex for expansion of production capacity at Chennai and Silvassa plants, aiming to boost installed capacity by 70% to 240 million litres (240,000 KL) by FY26-27.
Subsidiary Acquisition: The company acquired additional 14.18% stake in Tirex Transmission Private Limited for ₹38.09 crore, increasing total holding to 65.18%. Tirex achieved revenue crossing ₹100 crore milestone in FY 2025-26.
Business Segments: All major segments showed double-digit growth including Passenger Car Motor Oils, Agriculture portfolio, OEM Franchise Workshops, and B2B Industrial, Infrastructure and Mining segments. Premium products grew at approximately twice the industry rate.
Corporate Governance & Compliance
The Board comprises 8 Directors (4 independent, 2 non-executive non-independent, 1 Managing Director, and 1 Whole-Time Director). Executive remuneration included ₹8.46 crore for MD & CEO Ravi Shamlal Chawla and ₹4.00 crore for Whole-Time Director & CFO Manish Kumar Gangwal.
The company maintained ICRA AA+ (Stable) rating for long-term facilities and A1+ for short-term facilities. Secretarial audit reported no material observations, and no fraud was reported by auditors.
ESG & CSR Initiatives
The company achieved 26.32% reduction in carbon intensity (Scope 1 and Scope 2) with 20.12% renewable energy share through 1,129 kWp installed rooftop solar capacity. Both manufacturing facilities operate with Zero Liquid Discharge.
CSR expenditure totaled ₹7.48 crore focused on environmental conservation, education, healthcare, skill development, rural development, water conservation, vocational training, and road safety initiatives.
AGM Details & Shareholder Information
The 18th AGM is scheduled for September 11, 2026 at 3:00 PM IST through Video Conferencing. Remote e-voting period is from September 7, 2026 (9:00 AM) to September 10, 2026 (5:00 PM) through NSDL. The cut-off date for determining eligibility to vote is September 4, 2026.