Board considered and approved Q2 and H1 FY27 unaudited results; unmodified limited review
Board considered and approved unaudited results for Q2 and H1 ended Sep 30, 2026.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 1,40,865.69 | 96,677.39 | +45.7% | 1,32,721.24 | +6.1% |
| Total income | 1,43,593.55 | 99,227.37 | +44.7% | 1,35,409.30 | +6% |
| Profit before tax | 15,390.70 | 11,322.21 | +35.9% | 16,469.08 | −6.5% |
| Profit after tax | 11,452.00 | 8,395.12 | +36.4% | 12,083.83 | −5.2% |
| Total comprehensive income | 11,671.05 | 8,388.53 | +39.1% | 12,091.26 | −3.5% |
| Basic EPS | *23.30 | *17.35 | — | *24.88 | — |
- Total income YoY growth
- +44.7%
- Period
- 30.09.2026 (Unaudited)
Auditor's review
Conclusion: Unmodified
Notes to the results
- Exceptional item of Rs. 2,278.21 lakhs (additional obligation under new labour codes) was recorded in results for the year ended March 31, 2026.
- Fire incident at a third-party warehouse used by the Company at Valsad, Gujarat on October 27, 2026; damage being assessed, stocks insured, plants remain operational.
- Allotted 38,751 and 155,452 equity shares of Rs.2 each under ESOS-2015 during the quarter and half year ended September 30, 2026 respectively.
Board outcome
The board of Gulf Oil Lubricants India Ltd met on October 28, 2026 and considered and approved the unaudited financial results, standalone and consolidated, for the quarter and half year ended September 30, 2026.
Auditor's conclusion
SRBC & Co LLP, the statutory auditors, issued an unmodified limited review report on the standalone results and on the consolidated results. In the auditors' words, nothing came to their attention that causes them to believe the statements contain any material misstatement or fail to disclose information required under the listing regulations. The consolidated conclusion is not modified for reliance on the reports of other auditors in respect of a subsidiary and an associate.
Standalone performance (Rs. lakhs)
- Revenue from operations, quarter: 1,37,942.66
- Net profit, quarter: 11,719.36
- Basic EPS, quarter: Rs. 23.65
- Revenue from operations, half year: 2,69,978.65
- Net profit, half year: 24,471.81
Each of these line items is higher than the corresponding figure for the year-earlier period shown in the statement.
Other decisions and notes
- The company allotted 38,751 fully paid-up equity shares under the Gulf Oil Lubricants India Limited-Employees Stock Option Scheme-2015 during the quarter, and 155,452 during the half year. These shares rank pari-passu in all respects with the existing equity shares.
- Following the new labour codes, including the Code on Wages, 2019 effective November 21, 2025, the Group carried out an actuarial valuation as on March 31, 2026 and recorded an additional obligation of Rs. 2,278.21 lakhs, disclosed as an exceptional item in the results for the year ended March 31, 2026.
- A fire occurred at adjoining premises and extended to a third-party warehouse used by the company at Valsad, Gujarat on October 27, 2026 around 3:00 PM. The extent of damage is being assessed and the stocks are insured. The company's manufacturing plants and other warehouses across India remain operational to cater to customer needs.
Business segment
The company's business consists of a single segment, Lubricants, as per Indian Accounting Standard (Ind AS-108) on Operating Segments, so no separate segment information is provided.
Also from Gulf Oil Lubricants India
Gulf Oil Lubricants India Ltd press release, Q2 FY27
28 Oct 2026
Fire incident at Gulf Oil's warehouse put the stock in focus amid concerns of possible production impact
28 Oct 2026
Fire at one of the company's warehouses in Gujarat; stock insured, no injuries reported
27 Oct 2026
More numbers
- Standalone Revenue from operations, quarter ended 30.09.20261,37,942.66 lakhs
- Standalone Net profit, quarter ended 30.09.202611,719.36 lakhs
- Standalone Revenue from operations, half year ended 30.09.20262,69,978.65 lakhs
- Standalone Net profit, half year ended 30.09.202624,471.81 lakhs
- Standalone Basic EPS, quarter ended 30.09.202623.65
- Equity shares allotted during the quarter under ESOS-201538,751
- Equity shares allotted during the half year under ESOS-2015155,452
- Additional obligation recorded on new labour codes2,278.21 lakhs
- Total income, latest quarter1,43,593.55 (Rs. Lakhs)
- Total income, year-ago quarter99,227.37 (Rs. Lakhs)
- Total income, previous quarter1,35,409.30 (Rs. Lakhs)
- Total comprehensive income, latest quarter11,671.05 (Rs. Lakhs)
- Total comprehensive income, year-ago quarter8,388.53 (Rs. Lakhs)
- Total comprehensive income, previous quarter12,091.26 (Rs. Lakhs)
- Profit after tax, latest quarter11,452.00 (Rs. Lakhs)
- Profit after tax, year-ago quarter8,395.12 (Rs. Lakhs)
- Profit after tax, previous quarter12,083.83 (Rs. Lakhs)
- Revenue from operations, latest quarter1,40,865.69 (Rs. Lakhs)
- Revenue from operations, year-ago quarter96,677.39 (Rs. Lakhs)
- Revenue from operations, previous quarter1,32,721.24 (Rs. Lakhs)
- Profit before tax, latest quarter15,390.70 (Rs. Lakhs)
- Profit before tax, year-ago quarter11,322.21 (Rs. Lakhs)
- Profit before tax, previous quarter16,469.08 (Rs. Lakhs)
- Basic EPS, latest quarter*23.30
- Basic EPS, year-ago quarter*17.35
- Basic EPS, previous quarter*24.88
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