Gulf Oil Lubricants India, part of the Hinduja Group has reported its financial results for Q2 FY2024 and H1 FY2024.
For Q2 the revenue came at Rs 802.30 crore, up 11.51% YoY and net profit of Rs 73.63 crore, as against Rs. 52.14 crore a year ago. In H1 FY2024, the revenue was Rs 1614.01 crore up 13.19% YoY and net profit of Rs 141.93 crore, up 32.06% YoY.
The company says that despite a seasonally subdued quarter due to monsoons, OEM Franchise Workshops (FWS), B2B and Infra segments clocked double-digit volume growths. Retail volumes also showed better growth with agri and motorcycle products coming back stronger.
