Gulf Oil India posts Rs 80 crore profit in Q3 FY2024

Gulf Oil Lubricants India, part of the Hinduja Group and Gulf Oil International, has reported its financial results for Q3 FY2024. The company reported revenue of Rs 817.26 crore, up 4 percent YoY and net profit of Rs 80.74 crore, up 28 percent, as against Rs 62.65 crore a year ago.

For the 9-month period the revenue came at Rs 2,431 crore, up 10 percent YoY, while net profit came at Rs 222.66 crore, up 30 percent, as against Rs. 170.13 crore a year ago.